PRZOOM - /newswire/ -
Chesterfield, VA, United States, 2014/11/12 - Home Cinema Center earned revenues of more than $60 million in 2013, compared with revenues of $45 million a year ago. The company aims for revenues of more than $100 million this year as operations expand into Canada and Mexico.
eMarketer predicts that global business-to-consumer (B2C) e-commerce sales will have increased to $1.471 by end of 2014. Sales are expected in reaching $2.356 trillion in 2018, a 10% growth rate still represents more than $200 billion new dollars that year. The U.S. is the largest e-commerce market worldwide, with growth predicted to continue at 10%-15% annually over the coming years.
Home Cinema Center Financials
Richmond-based Home Cinema Center is a privately held organization that focuses on the online retail market for home furnishings and other goods. Home Cinema Center was founded in 2004 by entrepreneurs Marc Burnetter & Anna Kozlowska. The company, initially known as HCC, was launched to sell electronics. During the first year, it generated revenues of more than $650,000 from its list of just under 2,250 customers. As business grew, Home Cinema Center added more home décor categories such as living room furniture, bedroom sets, theater seating, kitchen and dining to become one of the largest Home Goods Internet retailers today.
Home Cinema Center has a catalog of more than 300 thousand items from more than 1000 brands. Last year more than 250 thousand customers bought goods from its websites. Home Cinema Center earned revenues of more than $60 million in 2013, compared with revenues of $45 million a year ago. The company aims for revenues of more than $100 million this year as operations expand into Canada and Mexico.
Why do shoppers, shop Home Cinema Center. Huge selection, incredible prices, and fast delivery. Most companies, to guarantee selection and on-time delivery, keep inventory in their own warehouses. That increases costs in terms of labor and real estate but is considered a cost of doing business. Although they added three warehouses in 2012, 90 percent of their products are still being shipped directly from their suppliers. It's a staggering feat that is capable of coordinating the order flow and logistics of the more than 1,000 suppliers that ship out an average of 5000 items each week.
The U.S. home goods market is estimated to be worth $500 billion, of which a mere 6% is catered to online. However, the online market segment of $30 billion is growing 12%-15% annually. Home Cinema Center is a leader in the online segment, and it sees the opportunity for growth.
HomeCinemaCenter.com is a leading retail supplier of stylish and elegant home furniture. A user-friendly website combined with a huge selection of high-quality home furnishings, including bedroom furniture and entertainment center furniture, has made HomeCinemaCenter.com a popular choice for consumers for years. Recent PayPal integration makes shopping for furniture online easier than ever.