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Sweet Smell of Success
RCS Client Mike Katz, president and CEO of Perfumania, talks to Chain Store Age about recent success and working with RCS.
Feb 10, 2011 Chain Store Age
Mike Katz, 62, has an edge sharpened not by decades in retail, but by an accounting background that has given him unique insight into the economics of business. The chief of Perfumania Holdings Inc., which operates 350 value-priced fragrance stores in the United States and 20 in Puerto Rico, is a certified public accountant—and, self-admittedly, a relative novice to retail.
Katz’s executive tenure with the company spans 20 years, but the bulk of that time was spent leading its wholesale business. His appointment in 2004 to president and CEO of the retail subsidiary, which consists of the Perfumania stores, perfumania.com and a consignment program called Scents of Worth, allowed Katz to turn his attention to solidifying the company’s retail presence and, in doing so, to apply his accounting experience to steering Perfumania toward a successful expansion platform.
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