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Parlux Posts Rise in Sales

November 30, -0001

Paris and Jessica can still count fragrance as successful endeavors, according to the most recent financial report from Parlux. For the third quarter ended Dec. 31, 2008, net sales increased 6% to $47.3 million. Operating income rose 42% to $31.1 million, according to the company.

For the nine-months ended Dec. 31, 2008, net sales jumped 9% to $123 million. Operating income increased 43% to $73.2 million.

Neil Katz, company chairman and chief executive officer, said, “Strategically, our focus on strengthening our position in U.S. department stores has been a success. The strategy has been expensive financially, with committed advertising investments that could not be reduced in a retail environment that plummeted in late 2008. Additionally, the global economic turmoil, compounded with a volatile U.S. dollar, negatively impacted our international sales.”
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