Profit Management Promotions opens North Carolina office
Company cites growth in projects in Southeast
Furniture Today Staff -- Furniture Today, October 8, 2010
WILMINGTON, N.C. — A rapid increase in the number of projects it is undertaking in the Southeast has prompted national sales promotion firm Profit Management Promotions to open a regional office here, the company announced.
PMP has recently launched a series of projects in Atlanta and south Florida and said it expects to sign on several more clients in the Southeast before year's end.
The firm is hiring project managers to staff current and upcoming assignments for high-impact sales. It is also bringing on additional sales representatives needed to capitalize on new market opportunities the firm sees emerging in the area.
The establishment of its new North Carolina office follows PMP's move to a larger headquarters facility in the Philadelphia area earlier this year.
"Over the last several months, we've experienced a significant uptick in the number of projects throughout the Southeast U.S.," said Michael J. Egan, president and founder of PMP. "Consequently, it was strategically important to increase the number of project managers we have in the region in order to best serve our existing customers, as well as to help grow our business in the months ahead."
PMP also is launching a new service. It is offering business planning services designed to help furniture retailers address changes in the marketplace and new opportunities, in concert with conducting high-impact sales to support growth and other strategic options.
The new service offering ties to the seminar PMP will be presenting at next week's High Point Market show. Themed "Is Your Business Ready for the Next 5 Years," the workshop will focus on the major strategic challenges confronting furniture retailers, and will outline how to develop "survival plans" to help home furnishings sellers address marketplace threats and opportunities.
PMP specializes in conducting high-impact sales for furniture retailers. The firm's projects include traditional going-out-of-business (GOB) sales, but an increasing number of assignments are focused on retail restructurings.
"Today many retailers are rethinking how, when, and why they consider high-impact sales events which, historically, were only used in GOB scenarios," added Ron Cooper, PMP's director of sales and marketing. "The steady increase we're seeing in our business is attributable, in part, to the growing interest furniture retailers are showing in restructurings, which are designed to improve a retailer's strategic growth options or to add marketing muscle to a given outlet's operations."
The hour-long seminar will take place at 8:30 a.m. Wednesday, Oct. 20, in the NHFA Retailer Resource Center on the first floor of Plaza Suites.
More High Point Market October 2010 Coverage
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Educational seminars set for High Point Market
Oct 1, 2010 -
Bruce Ketcham joins PMP as regional sales manager
Apr 14, 2011
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