Decorize Records Profit

November 16, 2008  by in UnCategorized   

By Home Furnishings Business in Case Goods on November 2008 Decorize, an importer of home accents furnishings, said Monday that it recorded a net profit of $8,655 in its first quarter after recording a loss of $371,000 in the same period a year ago.

The Springfield, Mo.-based company, which serves more than 3,000 retail accounts, said revenue in the quarter totaled $3.8 million in what was its second straight profitable quarter, according to a filing with the Securities and Exchange Commission.

“The Decorize team completed two phenomenal quarters by staying profitable in a very challenging economic climate,” said Ron Jones, a Decorize board member, in a press release. “The home furnishings industry has been hit hard by the recent drop in consumer spending. Most companies in this industry have been reporting substantial declines in profitability, not successive profitable quarters.”

Vice President of Operations Vik Karode said the recent opening of the company’s lighting factory in China completes a two-year strategy for Decorize to produce all of its proprietary wall décor, lighting, accessories and accent furniture from company-owned factories.