Perfumania Marketing Q1 Retail Sales Increase

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Datamonitor
May 9, 2008 - E Com Ventures has announced that its wholly owned subsidiary, Perfumania Marketing, a specialty discount retailer, has reported retail sales of $46.7 million for the first quarter of fiscal 2008, compared to $42.4 million in the same quarter of the prior year.

For the first quarter of fiscal 2008, the company reported that comparable store sales increased 3.1% compared with a 2.9% decrease in the prior year.

Michael Katz, president and CEO of E Com Ventures, said: "We are pleased with our sales results for the first quarter given the uncertain retail environment. Also, we are continuing to focus on our store growth plans and moving ahead with our previously announced proposed merger with Model Reorg."

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