Design Within Reach reports narrower losses

Despite an exceptionally tough home furnishings market, decor retailer Design Within Reach (DWR) posted narrower second-quarter losses of $575,000, compared with losses of $833,000 last year.

Sales rose 0.2 percent to $49.07 million from $48.96 million in the same period last year.

“We made solid progress during the quarter as we improved our overall financial position and continued to build awareness of the Design Within Reach brand,” said CEO Ray Brunner. “We achieved sales growth on top of a tough comparable period.”

He added, “While we are pleased with this increased level of operating performance, there are many opportunities for improvement. We have a number of initiatives in place, including sourcing alternatives to improve our product margins and an internally developed advertising campaign to further build brand awareness.”

The San Francisco-based company forecasts it will break even by the end of fiscal 2007.

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