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.
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 www.guildmaster.com or on Facebook at www.facebook.com/pages/GuildMaster-on-Tour/47980244486
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.
Steve Crowder, CEO
SOURCE GuildMaster, Inc.