THE COSMETIC ENTER THIRD QUARTER SALES RISE 10.2%
This article was originally published in The Rose Sheet
Executive Summary
THE COSMETIC ENTER THIRD QUARTER SALES RISE 10.2% to $28.3 mil. in the period ended June 24, up from $25.7 mil. in the year-earlier quarter (ended June 25), the company announced July 20. Comparable store sales increased 2.9%. Net earnings jumped 29.2% to $877,000 from $679,000. The Cosmetic Center opened three stores in the quarter -- in Raleigh, NC, Broomall, PA and Philadelphia -- on May 16, May 23 and May 31, respectively. The new stores bring The Cosmetic Center's total number of stores to 54, compared to 46 a year ago.