Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Perfumania Holdings, Inc. | a20148-kre2ndquarter2014pe.htm |
Exhibit 99.1
Perfumania Holdings, Inc.
FOR IMMEDIATE RELEASE
Company Contact:
Michael W. Katz
President and
Chief Executive Officer
Perfumania Holdings, Inc.
631-866-4156
PERFUMANIA HOLDINGS, INC. REPORTS PERFUMANIA RETAIL SALES FOR SECOND QUARTER ENDED JULY 2014
Bellport, NY August 07, 2014 Perfumania Holdings, Inc. (NASDAQ: PERF) announced today that Perfumania, one of its wholly-owned subsidiaries which operates specialty retail fragrance stores throughout the United States, Puerto Rico and the U.S. Virgin Islands, reported total net sales for the second quarter of 2014, which ended August 2, 2014 of $58.8 million versus $61.5 million last year. On a year-to-date basis, total net sales were $116.4 million in the current year compared with $120.4 million last year. For the second quarter ending July 2014, comparable store sales decreased by 3.9%. Comparable store sales on a year-to-date basis decreased by 1.3%. Comparable store sales measure sales from stores that have been open for one year or more. We exclude stores that are closed for renovation from comparable store sales from the month during which renovation commences until the first full month after reopening.
PERFUMANIA SECOND QUARTER AND YEAR TO DATE 2014 RETAIL SALES ($’s in $000’s):
FY | FY | FY | ||||
2014 | 2013 | 2012 | ||||
(Decrease) | ||||||
(Decrease) | (Decrease) | Increase | ||||
Number of Open Stores, July | 323 | (3.3%) | 334 | (2.6%) | 343 | |
Second Quarter Total Retail Sales | $58,755 | (4.5%) | $61,514 | (2.8%) | $63,254 | |
Year to date July Total Retail Sales | $116,414 | (3.3%) | $120,382 | (0.8%) | $121,362 | |
Second Quarter Comparable Store Sales | (3.9%) | (1.7%) | (0.8%) | |||
Year to date July Comparable Store Sales | (1.3)% | (1.3%) | 0.4% | |||