By  on August 17, 2006

NEW YORK — Due to a number of “external challenges” that Elizabeth Arden Inc. faced in fiscal 2006 — including the Federated and May department store merger — the company experienced a net loss of $1.9 million in the fourth quarter, noted chairman and chief executive officer E. Scott Beattie.

“Although we met our previously amended guidance, the general disruption during the second half of the year had an impact on sales and earnings,” Beattie said during a conference call with analysts. “It’s not just a North American or U.S. issue. Consolidation has impacted our markets in Canada, the U.K., and Australia as more and more department store retailers are merged or private equity groups are buying them out.”

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