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American Apparel gets into jeans
LOS ANGELES -- American Apparel announced that it has launched its first line of jeans called, "Made in USA."
"Jeans are an iconic, essential part of the modern wardrobe, just like the t-shirt. No one does basics like American Apparel. We've mastered the basic t-shirt, now we're getting excited about jeans," said Dov Charney, CEO and founder of American Apparel.
According to the company, the first styles in the American Apparel Jeans line will be constructed of a 14 ounce denim made of 100% cotton.
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Walgreens sales rise 7.6% in March
Deerfield, Ill. -- Walgreens said Tuesday that sales for the month of March rose 7.6% to $6.28 billion, compared with $5.83 billion in the year-ago period.
Duane Reade stores, acquired in April 2010, contributed 2.8% to the total sales increase for the month.
Same-store sales rose 3% in March, not including Duane Reade stores. Results topped Wall Street expectations.
Walgreens opened 12 stores during March, including three relocations, acquired one store and closed two.