Interviews
News Flash
My Vintage is set to meet or exceed breakeven goal
19 Feb '10
2 min read
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 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
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
