The Smart Money at Family Dollar
By Rick Aristotle Munarriz April 8, 2009
Family Dollar stores recently hit a 52-week high in stocks this past quarter. The stores sales have risen 8.7% to about $2 billion during their second fiscal year. That is not bad considering that the economy is in a recession. But the recession is actually helping the retailer in profit margins and gross profit. The retail chain is offering unbeatable deals and bargains to consumers by having lower markdowns, freight expense savings, better inventory management, and generally higher markups. Customers shop for lower-margin consumable merchandise while at Family Dollar. Family Dollar is and will weather the economic storm and stick around for years to come.
http://www.fool.com/investing/value/2009/04/08/the-smart-money-at-family-dollar.aspx
Friday, April 17, 2009
Friday, April 10, 2009
Parlux Inks fragrance deal with Jay-Z, Rihanna, and Kanye
Parlux Inks fragrance deal with Jay-Z, Rihanna, and Kanye
by Pete Born From WWD Date:4/7/09
This has been called an unusual deal when it comes to celerity licensing. The three celebrities, along with another unnamed "well established" female artist, it might maybe Jay-Z's wife, Beyonce, are signing a deal with Parlux Fragrances Inc.
Instead of receiving cash from licensing royalties, the artists will receive royalties and profit sharing in the fragrance brands that they will launch. But the majority of the pay off will be through petitions to buy Parlux stock.
The deal has already been signed with Kanye and Rihanna. Jay-Z and the other female artist will sign their deals later on in the year. The CEO of Parlux Fragrances, Neil Katz, explains "We have for the first time calculated not how much they can sell but what they can make in profits and how the company can succeed."
Parlux plans on launching Kanye's and Rihanna's fragrances in the summer of 2010, and Jay-Z's and the unknown female singers fragrances the following year.
by Pete Born From WWD Date:4/7/09
This has been called an unusual deal when it comes to celerity licensing. The three celebrities, along with another unnamed "well established" female artist, it might maybe Jay-Z's wife, Beyonce, are signing a deal with Parlux Fragrances Inc.
Instead of receiving cash from licensing royalties, the artists will receive royalties and profit sharing in the fragrance brands that they will launch. But the majority of the pay off will be through petitions to buy Parlux stock.
The deal has already been signed with Kanye and Rihanna. Jay-Z and the other female artist will sign their deals later on in the year. The CEO of Parlux Fragrances, Neil Katz, explains "We have for the first time calculated not how much they can sell but what they can make in profits and how the company can succeed."
Parlux plans on launching Kanye's and Rihanna's fragrances in the summer of 2010, and Jay-Z's and the unknown female singers fragrances the following year.
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