Lee Pharmaceuticals FY 1995 sales decline 15.9% to $9.1 mil.; net loss reaches $1.3 mil..
This article was originally published in The Rose Sheet
Executive Summary
LEE PHARMACEUTICALS FY 1995 NET SALES DECLINE 15.9% TO $9.1 MIL. for the year ended Sept. 30, the company announced in a Jan. 12 release. The Los Angeles-based firm attributed the decrease to reduced sales volume for its nail extender products due to "lower competitive pricing"; diminishing inventory levels; and retailer consolidation. Lee Pharmaceuticals markets artificial nails under the Lee and Fancy Fingers names.