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Sales Drop 3.4% at Elizabeth Arden in 3Q

Travel retail and distributor markets down

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By: TOM BRANNA

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Elizabeth Arden, Inc. posted financial results for its third fiscal quarter ended March 31, 2009. The company reported net sales dropped 3.4% to $203.5 million. E. Scott Beattie, chairman, president and chief executive officer of Elizabeth Arden, Inc., commented, “Our North American fragrance business is tracking as we had anticipated. We are seeing modest improvement in retail sales performance and are continuing to build market share. This, however, is being offset by weak conditions in our...

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