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Perfumania Holdings, Inc. Reports Perfumania Retail Sales For January 2013, Fourth Quarter And Fiscal Year 2012

BELLPORT, N.Y., Feb. 7, 2013 (GLOBE NEWSWIRE) -- Perfumania Holdings, Inc. (Nasdaq:PERF) announced today the January 2013, fourth quarter and fiscal year 2012 retail sales results of Perfumania, one of its wholly-owned subsidiaries which operates specialty retail fragrance stores throughout the United States, Puerto Rico and the U.S. Virgin Islands. Similar to most retailers, the Company's 2012 fiscal year ended February 2, 2013 had 53 weeks; the 2011 fiscal year ended January 28, 2012 had 52 weeks.

Perfumania reported total net sales of $18.2 million for the fiscal month of January 2013 (5 weeks) versus $14.0 million for the fiscal month of January 2012 (4 weeks). For the fourth quarter of 2012 (14 weeks) total net sales were $109.6 million versus $102.5 million in the fourth quarter of 2011 (13 weeks). For fiscal year 2012 (53 weeks) total net sales were $290.3 million compared with $282.6 million in fiscal year 2011 (52 weeks).

Excluding the last week of fiscal year 2012, comparable store sales for the month of January 2013 increased by 7.8% (4 weeks vs. 4 weeks). For the fourth quarter ending January 2013, comparable store sales increased by 2.4% (13 weeks vs. 13 weeks). Comparable store sales for fiscal year 2012 increased by 0.6% (52 weeks vs. 52 weeks). Comparable store sales measure sales from stores that have been open for one year or more. We exclude stores that are closed for renovation from comparable store sales from the month during which renovation commences until the first full month after reopening.
   FY    FY    FY  
  2012   2011   2010  
    (Decrease)   (Decrease)   Increase
    Increase    Increase    (Decrease)
Number of Open Stores, January 342 (0.6)% 344 (4.4)% 360  
January Total Retail Sales $18,188 30.2% $13,973 5.0% $13,306  
Fourth Quarter Total Retail Sales $109,611 6.9% $102,490 6.3% $96,436  
Fiscal Year Total Retail Sales $290,290 2.7% $282,646 8.2% $261,214  
Comparable store sales excluding the last week of fiscal year 2012            
 January Comparable Store Sales   7.8%   5.2%   1.3%
 Fourth Quarter Comparable Store Sales   2.4%   6.9%   (7.1)%
 Fiscal Year Comparable Store Sales   0.6%   10.3%   (1.2)%
CONTACT: Michael W. Katz
         President and Chief Executive Officer
         Perfumania Holdings, Inc.

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