Nexia Holdings announced its retail sales results for the Black Chandelier and Landis Lifestyle Salons, in additon to the income from its real estate holdings for the month of August 2007.
Black Chandelier reported that its retail sales increased 15% compared to the sales of July 2007. Richard Suber, President of Nexia Holdings, commented, “Black Chandelier is uniquely positioned at the intersection of high-fashion and utility. Jared Gold’s latest collections, made from 100% renewable, eco-friendly bamboo and breathable combinations of lightweight cottons, are easily wearable, distinctive designs that are being very well received. With these new collections, we are confident we will continue our strong month-to-month upward sales trend in 2007.”
Nexia’s majority owned subsidiary Landis LLC, operator of the Landis Lifestyle Salon, reported that its retail sales increased 12% to $164,440 in August 2007 compared to the previous month, while year-over-year sales increased 28%. Reflections Hair & Image Studio, recently acquired by Landis, reported sales of $26,400 for the month of August 2007. Including Reflections’ reported sales, Landis’ total sales in the month of August were $190,840.
The President of Nexia commented, “I am especially pleased with our continued monthly sales improvements in our Landis operations, which includes our most recent acquisition of Reflections. We believe this addition to the AVEDA(TM)-compliant family of hair and skin salons provides for accelerated revenue growth moving forward. We are excited to continue our expansion plans for Landis and have additional acquisitions in the pipeline for 2007.”
Nexia’s income from real estate operations increased 11% compared to the previous month, and 43% compared to last year’s reported numbers. For the first eight months of 2007, total revenues increased by 105%, compared to the same period in 2006, to approximately $1,955,800.
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