twice connect
careers

Stampede Boosts Credit To Dealers

1/25/2012 10:59:14 AM Eastern
Amherst, N.Y. - Stampede Presentations Products is expanding the credit facilities it offers to qualified dealers.

The value-added distributor added that it is investing millions of additional dollars in deepening its product inventory to be in a stronger position to meet dealer demands for faster order shipments.

"Our dealers have made it very clear to us that they see 2012 as a very strong year for them if they can obtain the credit they need and the product they need to complete their customer installations in a timely way," Stampede president/COO Kevin Kelly said in a statement.

"Stampede is in a very strong financial position to meet both of these needs and we intend to do so by expanding the credit we offer to qualified dealers and increasing the inventory we carry on critically important core products, such as displays, projectors, and video conferencing equipment."

During 2011 alone, Stampede extended over $55 million monthly in credit lines to its dealers. This credit lifeline "helped countless customers not only maintain their businesses but expand them in very challenging times. And now that business in general is improving, Stampede is totally committed to increasing its financial support to dealers in the two areas that matter most to them - credit and inventory," the distributor said in a statement.

Stampede is able to step in and provide the support its dealers need because it has a record of sustained year-to-year growth despite the recession. "You have to remember that last year Stampede experienced a 51-percent growth in unit sales in core categories and a 48-percent increase in operating profit, constituting the most successful year in our 15-year history. In fact, Stampede now represents more than 120 different manufacturers, with 35 new lines added just in the last two years, to support our 9,000-plus dealer partners," Kelly emphasized.
Want to read more stories like this?
Get our Free Newsletter Here!

Curated By Logo