In Brief: Erox
This article was originally published in The Rose Sheet
Executive Summary
Erox: Net sales for 1995 increase eight-fold to $9 mil. from $1.1 mil. a year ago, the firm announced Feb. 8. The firm also reduced its net loss to $983,000 from $2.2 mil. in 1995. Erox attributes its turnaround to the company's sole product line -- Realm fragrance and toiletries -- which uses human pheremone technology. The success of the fragrance line "has set the stage" for continued expansion in the U.S. and a "more aggressive approach" to launching the scents outside the U.S. in 1996, according to the company. Currently, the Realm scents are available in about 400 doors, including Bloomingdale's, Macy's East and Dayton Hudson/Marshall Field's...