The prestige beauty business is taking a hit due to the economy. Elizabeth Arden, Inc. posted a considerable drop in sales in its preliminary financial results for its second fiscal quarter ended Dec. 31, 2008. The company currently expects to report net sales in the range of $365 million to $370 million, which is a decrease of 12.5% to 13.5%, as compared to the prior year second quarter. E. Scott Beattie, chairman, president and chief executive officer of Elizabeth Arden, Inc., commented,...