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Net sales down 30% for fourth quarter
May 22, 2009
By: TOM BRANNA
Editor
Times are tough for marketers everywhere – even fine fragrance leaders. Net sales for the fourth quarter at Parlux Fragrances, Inc. slipped 30% to $28.2 million. Net sales for the fiscal year ended March 31, 2009 dipped 2% to $151.2 million. Mr. Neil J. Katz, Chairman and CEO, commented, “In the fourth quarter, our domestic department store sales increased by 7% and our sales to Perfumania increased by 8%; nevertheless, we were not immune to the global reduced demand that affected...
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