PARLUX NET SALES FALL 27.7% TO $6.7 MIL. IN THIRD QUARTER,
This article was originally published in The Rose Sheet
Executive Summary
PARLUX NET SALES FALL 27.7% TO $6.7 MIL. IN THIRD QUARTER, ended Dec. 31, the firm stated in quarterly financial statement filed recently with the Securities and Exchange Commission. The sales decline was primarily due to the discontinuation of the Anne Klein, Anne Klein II and Joan Collins fragrances, Parlux noted. The products accounted for $4.7 mil. of Parlux's $9.3 mil. in third quarter sales last year. Third quarter sales of continued brands were up 37.4% to $6.4 mil. from $4.6 mil.