In Brief: The Cosmetic Center
This article was originally published in The Rose Sheet
Executive Summary
The Cosmetic Center: Reports a 7.1% net sales increase to $132.3 mil. for FY 1995 (ended Sept. 29). The company attributes the increase to sales from the 12 new stores opened in FY 1995 and the 10 store openings in the second half of 1994. Net earnings plummeted 93.4% to $279,000 from $4.2 mil. over the previous year period, due to the "slow build" of the company's hair salon business and slow growth in the Atlanta market, according to The Cosmetic Center...