Attached files
| file | filename |
|---|---|
| 8-K - 8-K 4TH QUARTER PERFUMANIA SALES 2014 - Perfumania Holdings, Inc. | a20148-kre4thquarter2014pe.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 FOURTH QUARTER AND FISCAL YEAR 2014
Bellport, NY February 05, 2015 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 fourth quarter of 2014, which ended January 31, 2015 of $96.0 million versus $97.9 million last year. Total net sales were $272.7 million in the current year compared with $279.8 million in fiscal 2013. For the fourth quarter ending January 31, 2015, comparable store sales decreased by 0.6%. Comparable store sales for fiscal 2014 decreased by 0.8%. Comparable store sales measure sales from stores that have been open for one year or more. We exclude stores that are closed for renovation from comparable store sales from the month during which renovation commences until the first full month after reopening.
PERFUMANIA FOURTH QUARTER AND FISCAL YEAR 2014 RETAIL SALES ($’s in $000’s):
FY | FY | FY | ||||
2014 | 2013 | 2012 | ||||
(Decrease) | (Decrease) | Increase | ||||
Number of Open Stores, January | 320 | (2.7%) | 329 | (3.8%) | 342 | |
Fourth Quarter Total Retail Sales | $96,022 | (1.9%) | $97,893 | (8.2%) | $106,611 | |
Year to date January Total Retail Sales | $272,650 | (2.6%) | $279,808 | (2.6%) | $287,289 | |
Fourth Quarter Comparable Store Sales | (0.6%) | (7.2%) | 2.4% | |||
Year to date January Comparable Store Sales | (0.8%) | (2.2%) | 0.6% | |||