MDS Announces U.S. Showrooms, Fabric Exchange Program at Showtime
June 14, 2011
ATLANTA, Georgia – MDS Fabrics, a global manufacturer and exporter of home furnishings and fabrics is opening up satellite showrooms across the U.S. over the next six months and will re-launch its fabric exchange program at Showtime.
The company is also expanding from its 5,000 square-foot Atlanta-based warehouse to one in South Carolina that is double in size.
Under this exchange program, clients will be able to return rolls of fabrics after six months if it’s not selling as well as expected. The program was last active in 2007 but Eamani suspended it because of a “few bad apples that abused the program.”
“From a retail perspective, the markets were really hurting in 2009 and 2010,” said Sunil Eamani, president. “We’re bringing back the program now because we are selling on demand based on the displays at retailers. No one is carrying in bulk anymore.”
MDS reported sales of $500,000 in 2010 and initially it projected a 20% increase for 2011 but now, at the close of the second quarter, it is on target to report between one and two million dollars in annual sales by the end of the fiscal year, according to Eamani.
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