GuildMaster Doubling Showroom Space at Major Markets
13 Janeiro 2010 - 11:00AM
PR Newswire (US)
SPRINGFIELD, Mo., Jan. 13 /PRNewswire-FirstCall/ -- GuildMaster,
Inc. (Pink Sheets: GLDU), a recognized leader in the home accents
industry is banking on an industry turnaround with a major
investment in extra showroom space in Dallas, Las Vegas and High
Point to highlight its new Quick Ship Catalog program. GuildMaster
CEO Steve Crowder embarked on a much-publicized 15,000 mile journey
across the U.S. last year to meet with over 200 individual dealers.
One of the most significant things he kept hearing was the need for
highly differentiated inventory that could be shipped immediately,
not in weeks or months. In response, his team put together a Quick
Ship Catalog of hundreds of the company's best-selling SKU's in
accent furniture, accessories, lighting and wall art with the
commitment to stocking $2 million worth of on-hand inventory in
their Springfield, MO warehouse that could ship out within 48
hours. Now they are adding to that commitment with dedicated Quick
Ship Showrooms in addition to their current space in Dallas, Las
Vegas and High Point. "Total U.S. retailer inventory levels were
down double digits in 2009 as they tightened up to weather the
storm," says Crowder. "They will be feeling the pinch when business
comes back this year as we know it will, and we're going to be
ready for them, encouraging dealers to use our warehouse as their
own backstock." The new Quick Ship Showrooms will be stocked with
nothing but items from the Quick Ship Catalog that have proven
their selling power and are available immediately. They are located
in close adjacencies to their current spaces. At Dallas Market
Center, they have added showroom 510 to their current space in 504.
At World Market Center Las Vegas, they have added a premium atrium
location on the 2nd Floor of Bldg A at 225 to their current space
in 242. GuildMaster has also taken the center core in the ground
floor of the C & D Building in High Point. In total, the spaces
will approximately double their space at the three markets, all of
them high visibility, high traffic positions. Click on the link to
their video market invitation
http://www.facebook.com/pages/GuildMaster-on-Tour/47980244486#/video/video.php
?v=217822277101&ref=mf "We see no downside," adds Crowder. "Our
sales were up 27% in Q4 2009 and we see no reason for that not to
continue. It's time for everyone to start believing in this
industry again!" GuildMaster is known for highly original, vibrant
patterns and colors produced on over 1,000 items in its
company-owned factories. The company is up for two ART Awards this
year for Accent Furniture and Product Designer. The products are
handcrafted, typically out of solid mahogany with a 2 for 1 tree
replanting program in place to ensure that the operation is
sustainable. The model is based on what the market is asking for
...exclusive products with controllable quality and delivery times
that can get to customers quickly. About GuildMaster GuildMaster,
Inc. specializes in designing, manufacturing and delivering the
finest premium home accents directly from its production facilities
in Indonesia and China to retailers across the U.S. The company has
developed a vertically integrated design, sourcing and logistics
model that reduces costs traditionally channeled into home
furnishings. This model allows the company to remain on the leading
edge of the market by identifying trends and developing product
significantly faster than others Because of its vertical
integration, GuildMaster is able to serve its customers with
shortened delivery times for custom orders. GuildMaster serves more
than 3,000 retail accounts, including national brand names such as
Neiman Marcus, May/Federated Stores, Rooms To Go, Broyhill
Furniture Industries, Dillards, OfficeMax, Home Depot, and
Sears-The Great Indoors. For more information, visit the
GuildMaster web site at http://www.guildmaster.com/ or on Facebook
at http://www.facebook.com/pages/GuildMaster-on-Tour/47980244486
Safe Harbor Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: Statements about the future
performance of GuildMaster, economic trends, and other
forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including and without limitation, continued acceptance of
GuildMaster's products, increased levels of competition for the
company, new products and technological changes, GuildMaster's
dependence on third-party suppliers, and other risks detailed from
time to time in GuildMaster's periodic reports filed with the
Securities and Exchange Commission. GuildMaster provides no
assurance regarding the actual outcome of the events contemplated
by any forward-looking statements included in this release. Contact
GuildMaster, Inc. Steve Crowder, CEO (417) 879-3326 DATASOURCE:
GuildMaster, Inc. CONTACT: Steve Crowder, CEO of GuildMaster, Inc.,
+1-417-879-3326, Web Site: http://www.guildmaster.com/
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