Right Start Narrows Its 2nd-Quarter Losses
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Right Start Inc. saw narrowed losses in its second quarter while its revenues increased 4%.
The Westlake Village-based retailer of children’s products posted a net loss of $1.9 million for the quarter that ended Aug. 2, compared with a loss of $2.9 million a year earlier.
Sales in the latest quarter increased to $10 million from $9.6 million a year ago.
For the six months, Right Start posted a net loss of $3.9 million, up 12% from a net loss of $3.5 million a year ago. Revenue for the six months fell 3% to $19.9 million compared to sales of $20.4 million in 1996.
Right Start operates 40 retail stores and a catalog operation, and plans to open three more stores before the end of its fiscal year on Jan. 31, 1998.
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