Perfumania Marketing Reports Retail Sales for 2nd Quarter of Fiscal Year 2006
03 8월 2006 - 11:00PM
PR Newswire (US)
SUNRISE, Fla., Aug. 3 /PRNewswire-FirstCall/ -- E Com Ventures,
Inc. (NASDAQ:ECMV) announced today that its wholly-owned
subsidiary, Perfumania Marketing, reported fiscal year 2006 2nd
quarter retail sales of $48.8 million vs. $48.9 million in the 2nd
quarter of the prior year. On a year-to-date basis, retail sales
increased 2.6% to $91.0 million from $88.7 million last year.
Year-to-date comparable store sales increased .8% compared with a
6.2% increase in the prior year. (Logo:
http://www.newscom.com/cgi-bin/prnh/20031013/FLMLOGO ) Michael W.
Katz, President and Chief Executive Officer of E Com Ventures, Inc.
said, "Although retail sales for the quarter were flat, gross
margins improved versus the comparable quarter last year. The flat
sales for the 2nd quarter were partially attributable to the
softness in sales by our stores in Puerto Rico which have been
negatively impacted by the troubled economy in Puerto Rico." 2nd
QUARTER AND FISCAL YEAR-TO-DATE RETAIL SALES (in $000's): FY FY FY
2006 2005 2004 Increase Increase Increase (Decrease) (Decrease)
(Decrease) Number of Stores 243 3.4% 235 1.7% 231 2nd Quarter
$48,815 -0.1% $48,863 9.1% $44,795 Retail Sales Year-to-Date
$90,986 2.6% $88,699 7.0% $82,911 Retail Sales Year-to-Date
Comparable Store Sales Increase 0.8% 6.2% 1.7% Perfumania
Marketing, the nation's largest perfumery chain, is the leading
specialty discount retailer of a wide range of brand name and
designer fragrances with approximately $215 million in annual
retail sales. The Company operates a chain of approximately 240
retail stores nationwide. This press release may include
information presented which contains forward-looking information,
including statements regarding the strategic direction of the
Company Some of these statements, including those that contain the
words "anticipate," "believe," "plan," "estimate," "expect,"
"should," "intend," and other similar expressions, are
"forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995. Those forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results, performance or
achievements of those of our industry to be materially different
from any future results, performance or achievements expressed or
implied by those forward-looking statements. Among the factors that
could cause actual results, performance or achievement to differ
materially from those described or implied in the forward-looking
statements are our ability to service our obligations, our ability
to comply with the covenants in our credit facility, general
economic conditions, competition, potential technology changes,
changes in or the lack of anticipated changes in the regulatory
environment in various countries, the ability to secure partnership
or joint-venture relationships with other entities, the ability to
raise additional capital to finance expansion, the risks inherent
in new product and service introductions and the entry into new
geographic markets and other factors included in our filings with
the Securities and Exchange Commission. Perfumania is a trademark
of Perfumania, Inc. All other trademarks are the property of their
respective owners.
http://www.newscom.com/cgi-bin/prnh/20031013/FLMLOGO
http://photoarchive.ap.org/ DATASOURCE: E Com Ventures, Inc.
CONTACT: Michael W. Katz, President and CEO of E Com Ventures,
Inc., +1-954-335-9030 Web site: http://www.perfumania.com/
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