• The goal was to provide the home furnishings
consumer with an efficient, low cost, low hassle and high value retail
experience while providing Mr. Hosking with an efficient, low expense,
low stress and highly profitable business opportunity.
• Ten years later, operating on those same core
principles, PMD has become one of the most compelling success stories
in the furniture industry with over 110 locations nationwide (through
PMD licensed dealerships) generating over $40,000,0000 in wholesale
sales and nearly $70,000,000* in annual retail sales.
• Recently, Furniture Today magazine boasted “Only
14 of the 40 Top 100 companies that posted double-digit gains were
specialists, but they include Design Within Reach and PMD at the top of
the list, as well as No. 15 Crate & Barrel, No. 50 Room &
Board, No. 14 Select Comfort, and No. 23 Restoration Hardware – all
with gains of 19% or better.” - FURNITURE TODAY: May 23, 2005
• “Design Within Reach and PMD were the No. 2 and
No. 3 percentage sales gainers behind Ashley Furniture HomeStores,
growing 44.8% and 43.3%, respectively,” – FURNITURE TODAY: May 23,
2005.
*Retail sales are reported to PMD by the PMD
licensed dealers. Due to this fact, these figures are approximate and
un-audited.
