Home / Knowledge / News / Apparel/Garments / My Vintage is set to meet or exceed breakeven goal
My Vintage is set to meet or exceed breakeven goal
19
Feb '10
My Vintage Baby, Inc., a public children's apparel company, announces sales projections for 2010.

My Vintage Baby has just received the spring line and is currently shipping sample lines to 131 Direct Sales Representatives located in 25 states and two in Canada. On December 1, 2009, the Company launched its Direct Sales national program and began selling the fabulous My Vintage Baby spring 2010 line at trunk shows and through the Internet.

The spring 2010 inventory purchased has a retail value of approximately $1.4 million, which is over a 300% increase in gross sales compared to the same period ending June 30, 2009. Not only is the revenue expected to increase, but with the new business model My Vintage Baby is experiencing increased gross margins.

In the early stages of the Company the breakeven point of $2,000,000 in gross sales was identified. With the potential of the spring line and no anticipated slow down for the fall 2010 season, My Vintage Baby is set to meet or exceed the breakeven goal.

With this new business model, sales are more consistent throughout the year, therefore reducing seasonality and improving cash flow. These are two areas of the business Directors and management identified and have been diligently working to resolve. “We are excited to be at this point and start moving shareholder value in a positive direction,” stated Jeff Welsh, CFO.

My Vintage Baby Inc

Must ReadView All

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search