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Elegant's Jan revenues fall 36% due to closure of Riverwalk store

11
Feb '06
California based jewelry retailer Elegant Illusions Inc announced that total revenues for January 2006 were down approximately 36 percent from total revenues for January 2005.

Same store revenues for January 2006 were down 38 percent from January 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 sales pre-Katrina.

The Riverwalk location in New Orleans remains closed. The loss of sales from these stores has had a major negative 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.

Elegant Illusions Inc


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