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The Right Start Inc

December 17, 1991
The Right Start Inc., a Westlake Village mail-order marketer of upscale children's items, said its fiscal second-quarter net income dipped 9% to $266,000 from $292,000 a year earlier despite a 44% jump in revenues, to $6.55 million from $4.56 million. For the six months that ended Nov. 27, profits rose 10% to $685,000 from $621,000 a year earlier. Sales rose 56% to $15 million from $9.6 million.
March 19, 1996
The Right Start Inc., a Westlake Village mail-order merchandiser and retailer of baby products, said it expects to report a "significant loss" for its fiscal third quarter ended March 2 because of operating losses for its catalog and severance costs related to the resignation of its former chief executive. The firm said it expects to continue losing money through its fiscal year ended June 1, and possibly into fiscal 1997.
November 29, 1994
The Right Start Inc., a Westlake Village-based retailer of children's merchandise, said its products will be among the wares catalogued on computer CD-ROM disks to be distributed across the country next month by a multimedia shopping service. Customers who receive the disks will be able to view digital images of the company's merchandise on their personal computers. Images of merchandise from other mail-order companies will also be included on the disks.
January 28, 1992
The Right Start Inc., a mail-order marketer of upscale children's items based in Westlake Village, said its earnings for its fiscal third quarter ending Feb. 26 will decline sharply because of disappointing results of its 1991 holiday catalogue. The company blamed the recession for a poor response rate to its catalogue, despite mailing more than 3 million out, compared to 1.7 million a year earlier. The company said it reduced its January mailing to 2.
September 3, 1991
American Recreation Centers Inc. plans to spin off 33% of its The Right Start Inc. unit to the public through an initial public offering of 2 million common shares. The Right Start is a Westlake Village-based marketer of infant's products. American Recreation is a Sacramento-based concern that also operates 27 bowling centers in California and Texas. It would continue to own a controlling 67% of The Right Start after the offering.
December 20, 1994
The Right Start Inc., a Westlake Village retailer of products for infants and young children, reported a loss of $1.92 million for the second quarter that ended Nov. 23. The second-quarter loss was almost quadruple the $525,000 loss reported in the same quarter a year earlier. The latest loss, however, reflected a onetime charge of $1.55 million for the pending sale of the company's Children's Wear Digest Catalog. Second-quarter sales totaled $11.8 million, down 5% from a $12.
June 28, 1994
The Right Start Inc., a Westlake Village-based mail-order seller of products and apparel for infants and children, reported net income of $362,000 for its fiscal fourth quarter that ended May 25, down 8% from earnings of $392,000 for the same quarter a year ago. Fourth-quarter revenue totaled $15.4 million, which represents a 10% rise over the $14 million in revenue reported in the same quarter in 1993. Net income for fiscal 1994 was $176,000, 82% below earnings of $1.
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.
December 6, 1994
The Right Start Inc., a Westlake Village catalogue marketer of children's products, said it has agreed to sell its Children's Wear Digest business. Terms of the cash transaction were not disclosed. The buyer is a private investor group led by Philip Klaus Jr., president of Children's Wear Digest. The deal is expected to close by Dec. 31. As a result of the sale, The Right Start will post a one-time, pretax charge of about $1.5 million for its fiscal second quarter that ended Nov. 23.
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