Beauty Direct confirms loss

By Phil Boeyen, ShareChat Business News Editor

Wednesday 13th June 2001

Online retailer Beauty Direct has confirmed its recent profit warning with a full-year loss of $828,000.

The company last week said it expected the loss to be up to $100,000 worse than previously forecast at between $750,000 and $850,000.

Sales for the year were $586,000.

BDO is pinning its hopes on a new association with Lower Hutt pharmacist Gordon Ritson who is taking at 27% stake in the company.

The relationship is expected to push Beauty Direct into online pharmacy and prescription services as well as increase its product range to full line cosmetics.

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