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More Showroom Expansion on Tap for Furniture Classics

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Furniture Classics Limited, parent company of both the Furniture Classics and Two Palms Casual brands, has announced expansion of its permanent showrooms in Atlanta and Las Vegas. This increased presence follows the relocation and expansion of the company’s Showplace venue in High Point this past Spring. “High Point Market was extremely gratifying.” asserts Michael Ricks, President, “Our sales were up substantially, well exceeding any other past market and sales per square foot were astronomical. To post a record market in a down economy has given us incentive to push forward.” The Atlanta showroom in AmericasMart Building 1(Space 13-F-11) will more than double in size to over 6000 square feet. Additionally, the Vegas Market Center location, Building B (Space 0801), will also more than double to over 5000 square feet. “This was a perfect opportunity to take advantage of our market momentum and our excellent relationships with AmericasMart and World Market Center.” commented Doug Ricks, Founder and CEO, “We are able to expand our presence and minimize the impact of investments when most competitors are cutting back.” Furniture Classics has seen a strong uptick in its core brand, while the fast growth of the newer Two Palms Casual product has added another dimension to its distribution base. “We feel that it’s a combination of factors fueling our positive trend.” explained Michael Ricks, “A product mix of the proven and fresh that is priced for retail turns and margin and backed by improved delivery time and customer service. We are shipping the majority of our orders within four weeks. Many customers are receiving their goods in one to two weeks. These service levels are not a result of slow or poor business; we simply continue to perfect what we do and have substantially increased our investment in inventory.” Furniture Classics Limited is a Norfolk, Virginia based import marketing company supplying solid wood antique reproductions at middle to upper middle price points. The Two Palms Casual division supplies natural material casual furniture. Both brands broadly distribute through lifestyle specialty stores, full service furniture stores, the interior design trade, mass merchants and casual furniture specialists. The entire product line and contact information is available at www.furnitureclassicsltd.com and http://www.twopalmscasual.com

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