Perfumania continues slide in Q4; eyes store closures
After a difficult third quarter of fiscal 2016, Perfumania Holdings Inc.
continued experiencing problems in the year’s fourth quarter.
The specialty chain is considering closing an unspecified number of
underperforming stores after reporting net income of $2.26 million, down
59% from $5.5 million a year earlier. Lower gross profit and operating
income helped slash profit.. . . more