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For example, Lexington Home Brands has packaged 10 to 12 bedroom pieces from each of three well-known brands in a special LivingStyle package which will be the company's opening price point. Recent decreases in the George Foreman brand and broader reductions of lower margin opening price point products added to the decline coupled with the aforementioned slowdown in orders from customers due to the pending merger and an increase in the provision for returns and allowances. The majority of the remaining reductions in net sales resulted primarily from specific product level decisions involving opening price point items and other lower margin lines. |
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