The Right Start Posts $5.378-Million Loss
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The Right Start Inc. reported a net loss of $5.378 million for a 33-week period ending Feb. 1.
Because of a change in its fiscal year end, the Westlake Village-based company reported results from June 1, 1996. For the calendar year ended June 1, 1996, the company reported a net loss of $3.899 million.
The Right Start, which retails baby products, has opened 15 stores since June, bringing its total number of retail outlets to 38.
The company announced that its board of directors has approved the private placement of $3 million of senior subordinated notes. The private placement is fully subscribed, and issuance of the notes is expected to take place during the first two weeks of May.
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