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Policy Matters
Home Furnishings Association
SlideShare: What’s your cut of the $900B COVID-19 Stimulus Package?

Learn if you qualify for a PPP loan, how to apply for one, and how to increase your existing loan. HFA’s Lobbyist Chris Andresen spoke with HFA CEO Mark Schumacher in a webinar on Jan 14th where retailers learned more about the elements of additional COVID-19 relief and how it will impact them. The SlideShare below highlights what retailers learned as Chris Andresen broke down the new package, including expanded employee tax credits, the new definition of forgivable expenses, and what the “easier” forgiveness requirements are.  To watch the full webinar and discussion on this topic, click here. To

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Biden political priorities
Policy Matters
Chris Andresen
Political Priorities for 2021 will be Ambitious

The events from the week of January 4th, 2021, will significantly impact the political priorities for 2021. By winning two Senate runoffs in Georgia, Democrats are preparing to control a 50-50 Senate now that President Joe Biden has been sworn into office with Vice President Kamala Harris as the tie-breaking vote. The riot and invasion of the US Capitol on January 6th prompt members in both parties to determine what comes next in response to President Trump and his supporters; many will continue to serve in Congress, but any level of trust has been destroyed in the short-term. Democrats are

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2020-2021
HFA Influencers
Mark Schumacher
HFA CEO Mark Schumacher is optimistic about 2021

I love great quotations. They can capsulize thoughts and feelings or inspire. The late English author Douglas Adams said, “I may not have gone where I intended to go, but I think I have ended up where I needed to be.” In light of last year, I could rephrase that to say, “2020 did not take us where we intended to go, but we ended up where we needed to be.” We had to scrap all our plans for HFA’s 100th anniversary last year and alter our course because of COVID.  It would have been easy to subscribe to a

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Congressional Update
Policy Matters
Chris Andresen
Congressional Update: COVID relief, flammability, and Vietnam

Congress ends 2020 with a COVID-19 relief package, a ruling on furniture flammability, and an update on the Section 301 Vietnam investigation. The end of the calendar year is always a busy time in Congress as leaders work to enact priorities before breaking for the holidays. The recent end of the session for the 116th Congress was one of the more productive periods over the two-year term as it passed a massive $1.3 trillion federal government spending bill, joining it with an additional $900 billion COVID-19 relief package. COVID-19 Relief Since the CARES Act enactment in March 2020, the Home

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David Gunn
Membership
David Gunn
Welcome David Gunn – HFA President

I’m David Gunn of Knight Furniture, your HFA president for 2021. I’ve never looked more forward to a new year than this one. Yet as painful as 2020 was on many levels, I did learn a few lessons. I was reminded never to take anything, or anyone, for granted. It turns out an old dog can learn new tricks when it’s necessary to survive. Good things can come from bad experiences. And it’s so much better to have a community support system in your corner when you face adversity. With a new year comes a new President of HFA, and

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Buying power webinar
News
Home Furnishings Association
Top 5 factors to protect your buying power

The financial supply chain bubble is bursting… You’ve been more focused on the lack of physical inventory but probably haven’t realized that you’re teetering on a precarious cliff of losing the buying power you once had and won’t have the credit to continue buying from your existing vendor base. This problem caused a large furniture retailer to lose $59 million in purchasing power overnight. HFA’s CEO, Mark Schumacher, addressed this impact to furniture retailers with Michael Baron, President of Baron & Associates (specialist in credit forecasts & accounts receivable protection), Michael Hudgins, Managing Director of CIT Commercial Services (a top

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Congress and the Trump administration are preparing another Covid-19 relief package. The Home Furnishings Association’s Washington representative, Chris Andresen, and government relations liaison Doug Clark

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Everyone is trying to figure out what the “new normal” will look like when your stores reopen. What will recovery look like to you and

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