Physicians Formula Holdings, Inc. posted financial results for the three months and year ended Dec. 31, 2008. Net sales for the fourth quarter of 2008 dropped 2% to $28.2 million. According to the company, as previously announced, since early November 2008, the consumer environment has weakened at a faster pace than anticipated and tight inventory control by retailers reduced the expected pipeline orders for new products during the latter half of the fourth quarter. As a result, shipments to ...