IFurn.com CEO says company going out of business due to Internet competition
03/03/2014 5:00 AM
06/25/2014 5:53 PM
WICHITA — IFurn.com, a company that CEO Tracy Norris last year said was poised for growth, is going out of business.
"iFurn has proudly served customers across the nation for 17 years and delivered quality home and office furniture right to your door," Norris wrote in an e-mailed response to Have You Heard?
In that e-mail and in one he sent to customers on Feb. 27, Norris wrote:
"Regrettably, iFurn.com, Inc. has been forced to cease day-to-day business activity. This has been caused by deteriorating sales activity and increased competition within the internet."
Norris started iFurn.com in 1998 to sell home and office furniture. Last year, he told The Eagle the company had sales of more than $12.5 million in 2012.
Norris also reported sales of about $2.5 million for his other main company, PainReliever.com, which sells a variety of medical products to consumers and businesses.
It's not clear if or how that company may be affected by iFurn's struggles.
A former chiropractor, Norris sold his practice and began devoting his work full time to Internet companies in 2007.
Both of Norris' companies have been named to Inc's 5,000 fastest-growing companies list: iFurn.com in 2008 and Pain Reliever in 2010.
About Carrie Rengers
Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.
A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.
Carrie encourages readers to contact her with tips, questions, behind-the-scenes business news and even funny quotes from business people. Reach her at 316-268-6340 or firstname.lastname@example.org.
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