Gems and jewelry manufacturer Elegant Illusions Inc announced today that total revenues for June 2006 were down approximately 27 percent from total revenues for June 2005. Same store revenues for June 2006 were down 28 percent from June 2005.
The store on Bourbon St., located in New Orleans, reopened for business in the beginning of December and is generating approximately 50 percent of pre-Katrina revenues. The Riverwalk location in New Orleans remains closed. The loss of sales from these stores has had a major impact on same store and Company wide revenues for the period.
Company wide figures are based on the revenues of 21 stores in 2006 versus revenues of 23 stores in 2005.
Elegant Illusions Inc is engaged primarily in the created gem and copy jewelry business with 21 specialty stores across the continental United States.
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