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Perfumania Files for Bankruptcy

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https://www.fatwallet.com/blog/perfumania-bankruptcy

They kind slipped that one through this weekend, I just started seeing articles about it today.

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Well, that stinks! 

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Nothing surprising about that

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Skunk (8.93kB)
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Their whole business model had an odious air about it....




 

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Most likely they would base most of their B&M presence in the Island destinations (HI, PR, VI and GU), since air-shipping of perfumes is ILLEGAL ('cause they're mostly alcohol and in the post-9/11 anti-terrorist scenario these "won't fly", have to be kept to truck, train or ship transport).

Otherwise US businesses in this category would be kept mostly online leaving the smaller B&M market to pharmacy (CVS / Walgreens ) or cosmetics (Sephora ...) chains (department stores would benefit as well, but their reason for existence is flawed as well).

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stock went up??

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