Company News, Financial News

Arden Sales Hindered

Author Image

By: TOM BRANNA

Editor

Executives at Elizabeth Arden Inc. said the company’s fiscal year sales would linger around the low end of previous estimates as weak department store sales have taken a toll on results. The lower-than-expected sales were mainly a result of the dismal performance of beauty products in U.S. department stores, according to Arden executives. Department stores have struggled to hold on to market share as consumers defected to lower-priced retailers in the slumping economy. For fiscal 2003, which en...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters