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Elegant Illusions same store revenues up 16% in May
19 Jun '07
1 min read
Elegant Illusions Inc announced that same store revenues for May 2007 were approximately 16% up from May 2006. Company wide revenues were approximately 2% up from total revenues for May 2006.
The Company closed five stores during the approximate 12-month period representing 24% of all store locations. "Elegant Illusions has demonstrated that it can anticipate economic shifts, be responsive to changing markets without losing financial stability and be poised for new growth," said James Cardinal, CEO.
The store on Bourbon St,located in New Orleans, reopened for business in the beginning of December 2005 and is generating approximately 50% of pre-Katrina revenues. The Riverwalk location in New Orleans remains closed.
The loss of sales from these stores continues to have a major impact on same store and Company wide revenues for the period. The Riverwalk location is not included in same store or Company wide sales from the previous year, however there is a continued loss of sales from a closed established store.
Elegant Illusions continues to negotiate with the landlord for a mutually beneficial reopening of its Riverwalk location.
The Company closed five stores during the approximate 12-month period representing 24% of all store locations. "Elegant Illusions has demonstrated that it can anticipate economic shifts, be responsive to changing markets without losing financial stability and be poised for new growth," said James Cardinal, CEO.
The store on Bourbon St,located in New Orleans, reopened for business in the beginning of December 2005 and is generating approximately 50% of pre-Katrina revenues. The Riverwalk location in New Orleans remains closed.
The loss of sales from these stores continues to have a major impact on same store and Company wide revenues for the period. The Riverwalk location is not included in same store or Company wide sales from the previous year, however there is a continued loss of sales from a closed established store.
Elegant Illusions continues to negotiate with the landlord for a mutually beneficial reopening of its Riverwalk location.
Elegant Illusions Inc
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