HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Elizabeth Arden reflects on difficult quarter

This article was originally published in The Rose Sheet

Executive Summary

Weakness in consumer and retail environment in North America and Europe caused Elizabeth Arden's net sales to drop 4% to $210.6 mil. for third quarter, resulting in net loss of $2.9 mil., firm reports May 1. Company's North American business was down 4%, with mass business decreasing 2.2% and U.S. department store business plunging 16%. "While we were not expecting any improvement in the retail environment this past quarter in North America, we did not anticipate the extent of the negative retail sales trends," Chairman and CEO E. Scott Beattie says. International sales - up 20% last quarter - slipped 3.8% in Q3 due to softness in UK, which is one of firm's strongest markets for fragrance (1"The Rose Sheet," Feb. 11, 2008, p. 8). Decrease was partially offset by gains in Asia-Pacific region and in travel retail, which rose 8% for the quarter. Arden's greater China business advanced 36%. Firm expects Asia Pacific, developing markets and travel retail to continue to offset softness in North America and developed European markets, with help from a "solid" pipeline of new brands...
Advertisement

Related Content

Advertisement
UsernamePublicRestriction

Register

RS015418

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel