Perfumania Holdings, Inc. Reports Perfumania Retail Sales For Second Quarter Ended July 2014

BELLPORT, N.Y., Aug. 7, 2014 (GLOBE NEWSWIRE) -- Perfumania Holdings, Inc. (Nasdaq:PERF) announced today that 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, reported total net sales for the second quarter of 2014, which ended August 2, 2014, of $58.8 million versus $61.5 million last year. On a year-to-date basis, total net sales were $116.4 million in the current year compared with $120.4 million last year. For the second quarter ending July 2014, comparable store sales decreased by 3.9%. Comparable store sales on a year-to-date basis decreased by 1.3%. Comparable store sales measure sales from stores that have been open for one year or more. We exclude stores that are closed for renovation from comparable store sales from the month during which renovation commences until the first full month after reopening.
PERFUMANIA SECOND QUARTER AND YEAR TO DATE 2014 RETAIL SALES ($'s in $000's):            
             
   FY    FY    FY  
  2014   2013   2012  
            (Decrease)
    (Decrease)   (Decrease)   Increase
             
Number of Open Stores, July 323 (3.3%) 334 (2.6%) 343  
             
Second Quarter Total Retail Sales $58,755 (4.5%) $61,514 (2.8%) $63,254  
Year to date July Total Retail Sales $116,414 (3.3%)  $120,382 (0.8%) $121,362  
             
Second Quarter Comparable Store Sales   (3.9%)   (1.7%)   (0.8%)
             
Year to date July Comparable Store Sales   (1.3%)   (1.3%)   0.4%
CONTACT: Michael W. Katz         President and         Chief Executive Officer         Perfumania Holdings, Inc.         631-866-4156

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