Decorize Reports Rapid Growth

February 14, 2007  by in UnCategorized   

By Home Furnishings Business in Accessories on February 2007 Fast-growing Decorize, Springfield, Mo., which provides home accents to furniture retailers and department stores, announced that it saw revenues increase 180 percent in its second quarter results, which it filed Wednesday.

The company’s second quarter revenues of $4.5 million resulted in net income of $52,000 compared to an operating loss of $731,000 in the same period last year. In the first half of fiscal 2007, company revenues increased 105 percent to $7.68 million, with an operating profit of $112,000 versus a year-ago loss of $1.04 million.

Founded in 2000, the company serves more than 3,000 retail accounts, including Broyhill Furniture, Bombay Co., Neiman Marcus and Rooms To Go. “We are pleased with our progress in building the leading vertically integrated home accents company,” said CEO Steve Crowder. “The investments we have made over the last two years in our supply chain management are beginning to produce positive financial results... Demand for the company’s products continues to strengthen as evidenced by the triple-digit growth in sales both in the quarter and the first half of this year.”