Perfumania Holdings shares plunge on lowered outlook
Shares of Perfumania Holdings, Inc. (Nasdaq: PERF) have plunged some 40% after the designer perfumes retailer lowered its same store sales and October 2008 net income projections. The company lowered its outlook, as sales continue to decelerate and Perfumania perceives a difficult retail environment will persist.
Shares crumbled 40%, or $8.28 to $12.74 in late morning trading. For detailed price information and news stories on Perfumania, click PERF.
