PARL, NKE, SKS, MNR - CRWESelect Stock News! Parlux Fragrances, Nike, Saks Incorporated, Monmouth Real Estate Investment Corp. (Video Included Inside)

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Parlux Fragrances, Inc. (NASDAQ:PARL)

Perfumania Holdings, Inc. and PARL has recently announced that they have signed a definitive merger agreement under which Perfumania would acquire all of the outstanding shares of Parlux in a transaction valued at approximately $170 million, based on Perfumania's closing stock price of $19.55 per share on December 22, 2011. Based on that Perfumania stock price and depending on the stockholder elections described below, the merger agreement values a share of Parlux stock at between $7.91 and $8.55, assuming no adjustments under the merger agreement other than such elections. Parlux's closing market price on December 22, 2011 was $3.40 per share, and there were 20,769,362 shares of Parlux common stock outstanding on that date. Parlux stockholders will be entitled to elect between mixed stock and cash consideration and principally stock consideration under the merger agreement. The actual value of the per-share merger consideration payable to a stockholder will vary based upon the market price of Perfumania's stock when the merger closes, as well as the stockholders' elections and adjustments provided for in the merger agreement.

"The Parlux management team and Board of Directors are focused on maximizing value for stockholders. This combination achieves that objective by providing our shareholders with a significant premium over the current trading price for their shares as well as the ability to participate in the anticipated growth of a significantly stronger, combined company that is well positioned to deliver long-term value to stockholders and a broader range of product to its valued customers," stated Parlux's Chairman and Chief Executive Officer Fred Purches.

PARL previously reported its unaudited results for the second quarter and six-month periods ended September 30, 2011. Net sales for the quarter were $46.0 million, compared to $38.6 million for the prior year quarter, an increase of 19%. Net profits were $3.3 million or $0.16 per share, compared to a net profit of $1.1 million or $0.05 per share, for the comparable prior year period. For the cumulative six-month period, net sales were $68.9 million compared to $62.7 million for the prior period, an increase of 10%. Net profits were $0.4 million or $0.02 per share, compared to $1.3 million or $0.06 per share for the prior period.

PARL is a manufacturer and international distributor of prestige fragrances and beauty related products. It holds licenses and sublicenses to manufacture and distribute the designer fragrance brands of Paris Hilton, Jessica Simpson, Nicole Miller, Josie Natori, Queen Latifah, Marc Ecko, Rihanna, Kanye West, Vince Camuto and Fred Hayman Beverly Hills.

For more information about PARL please visit http://www.parlux.com

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Nike, Inc. (NYSE:NKE)

NIKE, Inc. previously reported financial results for its fiscal 2012 second quarter ended November 30, 2011. Earnings per share for the quarter rose 6 percent as a result of continued strong demand for NIKE, Inc. brands, SG&A expense leverage and a lower average share count, which more than offset the impact of a lower gross margin. Revenues for NIKE, Inc. increased 18 percent to $5.7 billion, up 16 percent on a currency-neutral basis. Excluding the impacts of changes in foreign currency, NIKE Brand revenues rose 18 percent with growth in every geography except Japan and in all key categories except Action Sports. Revenues for Other Businesses increased 5 percent with minimal impact from changes in currency exchange rates, as growth at Converse more than offset lower revenues at NIKE Golf, Cole Haan, Hurley and Umbro.

NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned Nike subsidiaries include Cole Haan, which designs, markets and distributes luxury shoes, handbags, accessories and coats; Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories; and Umbro International Limited, which designs, distributes and licenses athletic and casual footwear, apparel and equipment, primarily for global football (soccer).

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Saks Incorporated (NYSE:SKS)

Earlier this month retailer Saks Incorporated announced that owned sales totaled $277.1 million for the four weeks ended November 26, 2011 compared to $254.9 million for the four weeks ended November 27, 2010, an 8.7% increase. Comparable store sales increased 9.3% for the month. On a year-to-date basis, for the ten months ended November 26, 2011, owned sales totaled $2,327.6 million compared to $2,144.7 million for the prior year ten months ended November 27, 2010, an 8.5% increase. Comparable store sales increased 10.2% for the ten months. The company previously announced the five-months’ long redesign of the SaksPOV website. SaksPOV presents a point of view from Fifth Avenue on fashion, culture and art.

Saks Fifth Avenue, one of the world’s preeminent specialty retailers, is renowned for its superlative American and international designer collections, its expertly edited assortment of handbags, shoes, jewelry, cosmetics and gifts, and the first-rate fashion expertise and exemplary client service of its Associates. Today, Saks operates 46 full-line stores in 22 states, 5 licensed stores in the Middle East and 2 licensed stores in Mexico City, 61 Saks Fifth Avenue OFF 5TH stores and saks.com, the company’s online store.

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Monmouth Real Estate Investment Corp. (NYSE:MNR)

Monmouth Real Estate Investment Corporation previously reported the acquisition, of a 51,200 square foot industrial building located at 4170 Columbia Road, Lebanon, Ohio , at a purchase price of $5.1 million . The property is net-leased for 7.5 years to Siemens Real Estate, a division of Siemens AG. The building is situated on approximately 5.3 acres and has expansion capabilities. This is a brand new construction by Crescent Development.

Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly owned real estate investment trust specializing in net-leased industrial properties subject to long-term leases primarily to investment grade tenants. The Company's property portfolio consists of sixty-eight industrial properties and one shopping center located in twenty-five states. In addition, the Company owns a portfolio of REIT securities.

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