Exhibit 99.1
Perfumania Holdings, Inc.
FOR IMMEDIATE RELEASE
Company Contact:
Michael W. Katz
President and
Chief Executive Officer
Perfumania Holdings, Inc.
631-866-4156
PERFUMANIA HOLDINGS, INC. REPORTS PERFUMANIA RETAIL SALES FOR OCTOBER 2012
Bellport, NY November 01, 2012 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 and Puerto Rico, reported total net sales of $18.1 million for the four week fiscal month of October 2012, which ended October 27, 2012, versus $17.7 million for the four week fiscal month of October 2011, which ended October 29, 2011. For the third quarter of 2012, total net sales were $59.3 million versus $59.5 million last year. On a year-to-date basis, total net sales were $180.7 million in the current year compared with $180.2 million last year. For the month of October 2012, comparable store sales increased by 0.8%. For the third quarter ending October 2012, comparable store sales decreased by 2.0%. Comparable store sales on a year-to-date basis decreased by 0.4%. Comparable store sales measure sales from stores that have been open for one year or more. We exclude stores that are closed for renovation from comparable store sales from the month during which renovation commences until the first full month after reopening.
PERFUMANIA OCTOBER, THIRD QUARTER AND YEAR-TO-DATE 2012 RETAIL SALES ($’s in $000’s):
| FY | FY | FY | ||||
| 2012 | 2011 | 2010 | ||||
| Increase | (Decrease) | |||||
| (Decrease) | Increase | Increase | ||||
| Number of Stores, October | 347 | 0.9% | 344 | (6.5%) | 368 | |
| October Total Retail Sales | $18,085 | 2.4% | $17,663 | 4.5% | $16,902 | |
| Third Quarter Total Retail Sales | $59,317 | (0.3%) | $59,481 | 5.6% | $56,351 | |
| Year-to-date October Total Retail Sales | $180,679 | 0.3% | $180,156 | 9.3% | $164,778 | |
| October Comparable Store Sales | 0.8% | 5.9% | 5.1% | |||
| Third Quarter Comparable Store Sales | (2.0%) | 8.4% | 1.6% | |||
| Year-to-date October Comparable Store Sales | (0.4%) | 12.4% | 2.6% | |||