May 2, 2017 / 10:03 PM / 5 months ago

BRIEF-Perfumania reports Q4 loss per share $0.45

May 2 (Reuters) - Perfumania Holdings Inc

* Perfumania reports fiscal 2016 fourth quarter net sales of $142 million

* Q4 loss per share $0.45

* Q4 revenue $142 million

* Says accelerating closure of underperforming stores

* Says “We have recently undertaken an exhaustive review of our human and infrastructure resources”

* Says review, while on-going, has already resulted in reduction of store footprint to 287 stores as of fiscal 2016 year end

* Will be making changes that are expected to yield cost savings and better align operational structure

* Says since fiscal 2016, closed an additional 43 locations, amounting to a reduction of over 20% of retail store footprint Source text for Eikon: Further company coverage: (Reporting by Debanjan Bose)

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