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The Right Start Inc

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CALIFORNIA | LOCAL
December 19, 2000
The Right Start Inc. reported net income of $1 million for the third quarter ended Oct. 28, contrasted with a net loss of $4 million for the same period last year. Revenue rose to $9.9 million from $8.8 million. The results are revised to reflect the issuance on Oct. 10 of 1.6 million shares of common stock of the company's subsidiary the RightStart.com to a new investor and 400 shares to an existing minority investor. The Right Start Inc. now owns 49.4% of the RightStart.com rather than 60.2%.
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BUSINESS
December 25, 2003 | From Reuters
FAO Inc. late Wednesday said a U.S. Bankruptcy Court judge approved the emergency sale of 34 Right Start infant toy stores to an affiliate of Los Angeles-based private equity firm Hancock Park Associates. Terms were not disclosed. Earlier in the day, liquidators for FAO said Judge Joel Rosenthal had rejected Hancock's $6.25-million bid for the chain, sending Right Start into liquidation. FAO said the emergency order approving the sale would be filed Monday.
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CALIFORNIA | LOCAL
October 17, 2000
The Right Start Inc. of Westlake Village announced it has secured $7.4 million in investor funding. The proceeds will be used for new store growth and reduction of bank debt. The Right Start is a specialty retailer of educational and care products for infants and toddlers.
BUSINESS
August 17, 2001 | SAM KENNEDY, TIMES STAFF WRITER
Right Start Inc., a Calabasas-based retailer of educational toys and developmental products for children under 4, said Thursday that it is acquiring Zany Brainy Inc., which sells similar merchandise for ages 4 through 12, in a cash and stock deal. "It's a perfect complement; it's like sliding two pieces of the puzzle together," said Jerry Welch, chief executive of Right Start. Both chains cater to affluent parents with annual incomes of at least $60,000, Welch said.
BUSINESS
January 10, 1995
The Right Start Inc., a Westlake Village-based seller of apparel and other products for infants, said it has completed the previously announced sale of its Children's Wear Digest catalogue business. The sale generated $2.5 million in cash, The Right Start said. The sale agreement includes provisions for the company to continue telemarketing operations for the catalogue.
CALIFORNIA | LOCAL
September 19, 2000
The Right Start Inc., Westlake Village, reported a net loss of $3.6 million for the second quarter ended July 29 compared to a net loss of $2.7 million for the second quarter last year. Sales rose to $14.7 million from $10.7 million. Right Start sells developmental, educational and care products for infants and children through catalogs, 53 retail stores and an online store.
BUSINESS
August 11, 1992
The Right Start Inc., a juvenile products catalogue company in Westlake Village, has teamed with Reebok International Ltd.'s Weebok division, to launch a Weebok children's catalogue. Weebok is the children's apparel and footwear unit of the Stoughton, Mass., athletic shoe maker. The new catalogue will feature Weebok's complete line of infant and toddler apparel, footwear and accessories. It will be mailed nationally during the first quarter of 1993.
BUSINESS
September 20, 1994
The Right Start Inc., a Westlake Village children's clothing retailer, said its earnings for the first fiscal quarter that ended Aug. 24 were $55,000, down 70% from $184,000 for the first quarter last year. Revenues for the quarter were $14.47 million, down from $14.50 million in the same quarter a year ago. The company attributed the decline to weak sales from its summer catalogues.
CALIFORNIA | LOCAL
October 19, 1999
The Right Start Inc., Westlake Village, reported a net loss of $2.7 million for the second quarter ended July 31, compared to a net loss of $1 million for the same period last year. Revenue increased to $10.6 million from $8.8 million. The company markets high-end products for infants and toddlers through its retail stores, the Right Start catalog and its Web site--http://www.rightstart.com.
BUSINESS
June 23, 1992
The Right Start Inc., a Westlake Village-based juvenile products catalog company, said it has agreed to open a Right Start operation on a test basis in one of Rich's department stores in Atlanta. Rich's, which has 13 stores in the Atlanta area, is a division of Federated Department Stores Inc. Right Start said that beginning in September its merchandise will occupy 2,300 square feet of space in Rich's Lenox Square store in north Atlanta.
CALIFORNIA | LOCAL
December 19, 2000
The Right Start Inc. reported net income of $1 million for the third quarter ended Oct. 28, contrasted with a net loss of $4 million for the same period last year. Revenue rose to $9.9 million from $8.8 million. The results are revised to reflect the issuance on Oct. 10 of 1.6 million shares of common stock of the company's subsidiary the RightStart.com to a new investor and 400 shares to an existing minority investor. The Right Start Inc. now owns 49.4% of the RightStart.com rather than 60.2%.
CALIFORNIA | LOCAL
October 17, 2000
The Right Start Inc. of Westlake Village announced it has secured $7.4 million in investor funding. The proceeds will be used for new store growth and reduction of bank debt. The Right Start is a specialty retailer of educational and care products for infants and toddlers.
CALIFORNIA | LOCAL
September 19, 2000
The Right Start Inc., Westlake Village, reported a net loss of $3.6 million for the second quarter ended July 29 compared to a net loss of $2.7 million for the second quarter last year. Sales rose to $14.7 million from $10.7 million. Right Start sells developmental, educational and care products for infants and children through catalogs, 53 retail stores and an online store.
BUSINESS
May 20, 2000 | DEBORA VRANA, TIMES STAFF WRITER
Blaming volatile stock market conditions, Right Start Inc., a Westlake Village-based retailer of children's products, said Friday that it is withdrawing a planned first-time stock sale by its fast-growing Internet venture, Rightstart.com. The $60-million offering by the online retailer is one of many planned initial public offerings pulled or delayed in recent weeks. Others include AmericanGreetings.com, Total Sports and, also on Friday, Internet services out-sourcer Intira Corp.
CALIFORNIA | LOCAL
October 19, 1999
The Right Start Inc., Westlake Village, reported a net loss of $2.7 million for the second quarter ended July 31, compared to a net loss of $1 million for the same period last year. Revenue increased to $10.6 million from $8.8 million. The company markets high-end products for infants and toddlers through its retail stores, the Right Start catalog and its Web site--http://www.rightstart.com.
CALIFORNIA | LOCAL
March 16, 1999
The Right Start Inc., the Westlake Village retailer of clothes and other items for young children, said Monday that it has cut its losses and is making plans for a new presence on the Internet. For the fourth quarter ended Jan. 30, 1999, the company reported a net loss of $1.06 million, or 21 cents per share, compared with a net loss of $3.24 million or 64 cents per share in the year-ago quarter. The figures include a noncash accounting charge for debt discount amortization of $2.38 million and a noncash accounting gain of $1.18 million, both related to the company's previously announced recapitalization.
BUSINESS
August 15, 1995
The Right Start Inc., a Westlake Village maker of children's products, said an investor group led by Kayne, Anderson Investment Management Inc. has acquired 3,937,000 shares of the company's common stock, or 62% of the shares outstanding. The group bought the shares from American Recreation Centers Inc. At the close of the transaction, Richard A. Kayne and Jerry R. Welch of Kayne, Anderson were appointed to Right Start's board of directors, replacing Robert A.
BUSINESS
March 15, 1994
The Right Start Inc. reported earnings of $155,000 for the third quarter ended Feb. 23, up from $146,000 for the same period in 1993. However, the company reported a loss of $186,000 for the first nine months, compared to earnings of $640,000 for the same period last year. Revenues increased 27% to $10.9 million for the third quarter, up from $8.5 million for the same period last year. Revenues for the year-to-date period were reported at $40.5 million, up from $28.
BUSINESS
September 29, 1998
After closing eight stores during the first half of 1998, Right Start Inc. reported reduced sales and narrowed losses for the six months that ended Aug. 1. For the six months, sales at the company, which markets products for infants and young children, were $17.8 million, against nearly $20 million for the same period in 1997. For the 1998 period, the company posted a net loss of $2.3 million or 23 cents per share, compared with a net loss of nearly $4 million or 46 cents per share last year.
BUSINESS
December 9, 1997
Right Start Inc. posted a wider loss in its third quarter that ended Nov. 1 despite a 5% rise in sales. The company posted a net loss of $2.1 million in the third quarter, compared to a loss of $1.9 million a year earlier; sales in the latest quarter were $9.2 million, up from $8.8 million a year earlier. For its nine-month period, Right Start posted a net loss of $6.0 million, compared to a loss of $5.4 million a year ago. Its sales for the ninth months fell slightly to $29.
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