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Department Store Weakness Hinders Arden

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By: TOM BRANNA

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Cosmetics and perfume company Elizabeth Arden Inc. on Wednesday said fiscal year sales would linger around the low end of previous estimates, as weak department store sales take a toll on results. The weaker-than-expected sales were mainly a result of the dismal performance of beauty products in U.S. department stores, the company said on a conference call. Department stores have struggled to hold on to market share as consumers defect to lower-priced retailers in the slumping economy.For fiscal...

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