HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Hydron

This article was originally published in The Rose Sheet

Executive Summary

Planning to focus efforts on "expanding its revenue sources," the personal care products firm said. In 1997, Hydron reported a net sales decrease of 10% to $7.3 mil., and a net loss of $2.6 mil., compared to a loss of $2.8 mil. in 1996. Explaining the decline, Hydron pointed to a decrease in air time on the company's electronic distributor QVC. Hydron has since "revised its show format," hired a full-time spokesperson and in February commenced four hours of air time per month. Catalog sales increased $1.2 mil. over the prior year, offset by a net loss of $1.9 mil. from catalog operations in 1997. Included in the catalog loss was a write-down of $502,000 for the discontinuation of the company's vitamin line. Hydron also incurred $470,000 in legal fees relating to a dispute with shareholders regarding the termination of Harvey Tauman as president and CEO in September ("The Rose Sheet" Oct. 6, 1997, p. 8). The litigation is in the discovery phase. At the time of Tauman's termination, the company's "short-term focus" was the reduction of SG&A expenses, which were cut significantly in the fourth quarter...
Advertisement
Advertisement
UsernamePublicRestriction

Register

RS005332

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel