HomeClick, an online retailer of luxury home products, has received an investment of $5 million, which the company says it will use to accelerate growth and expansion. The investment was made by Seymour Holtzman, president and CEO of investment company Jewelcor Management Inc. Holtzman is also chairman of the board of Casual Male Retail Group Inc. and of MM Companies Inc., owner of the Chicago-based jewelry chain C.D. Peacock Inc., and co-president, co-CEO and co-chairman of Liquid Audio Inc.
"We are already a profitable company, however, Mr. Holtzman's investment affords us the ability to extend our offering into new markets and compete in new categories," said Michael Golden, president and CEO of HomeClick. "He has a proven track record and vision for identifying companies with solid and sustainable business models."
HomeClick’s 2003 revenue reached nearly $30 million, up from $12.2 million in 2002, the company reports. It projects revenue of over $50 million for 2004. "Unlike several years ago, consumers no longer fear purchasing high-end, big ticket items via the Internet," said Golden.
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