The name change came none too soon. During the next decade, Conair would move way beyond haircare. By the end of the ‘80s, the company would launch a new line of products dreamed up by Lee’s 17-year-old daughter, add new dryers, compact travel appliances and a home wellness collection, and move aggressively into the premium kitchen appliance category. In 1982 Babe Rizzuto pitched a concept to her dad. She had an idea for a line of dryers geared to a younger demographic. Lee finally agreed to take her concept for a compact dryer in four hot new colors to Macy’s – and they bought it! High Energy by Conair hit the shelves in 1984 and immediately became the rage of the younger generation. The line eventually included irons, hot rollers, brushes, makeup mirrors – even telephones – and generated a multi-million dollar return. Between August of 1982 and August of 1983, Conair did something no company had ever done before. Hitting the top of U.S. News & World Report’s “Companies That Scored Big”, Conair shares registered a record-breaking 800.6% in valuation, making Conair the #1 company in all the public markets. Later that year, with sales at $164 million, Conair Corporation began trading on the New York Stock Exchange.
conair high energy hairdryer
Conair tops U.S. News & World Report’s 1983 “Companies That Scored Big” list, with shares registering a record-breaking 800.6% gain!