In Brief: Perfumania
This article was originally published in The Rose Sheet
Executive Summary
Perfumania: Retail sales increased 27.2% to $29 mil. in FY 1997 second quarter (ended Aug. 2), the company reported Sept. 17. Wholesale sales jumped 36.2% to $8.3 mil. during the quarter. Perfumania experienced a net loss of $488,000 in the period, compared to a loss of $200,000 in the prior-year period. Through six months, retail sales climbed 28% to $52.4 mil. and wholesale sales increased 33.5% to $14.9 mil. The Miami-based fragrance wholesaler operates 278 retail chains in the U.S...