Finance

Customer journey concept. Customer behavior analysis, marketing strategy. Social media marketing, content marketing, purchase, storytelling, seo, awareness, advertise, online marketing. Sales funnel.
Katapult
Four Ways Retailers Can Elevate the eCommerce Experience

In today’s crowded online marketplace, consumers are overwhelmed with choices. To stand out, furniture retailers must offer an eCommerce experience that gives consumers the engaging and intuitive journey they have come to expect. This means understanding your customer’s needs and making every step seamless and enjoyable, from discovery to browsing

Red leather sofa wrapped with a white ribbon. Big SALE concept. Isolated on white background. 3d rendered.
Kafene
Lease-to-Own Demystified: A Guide to Boosting Holiday Season Sales

With Black Friday and the holiday rush on the horizon, it’s the ideal time to make sure your financing options are set up to help customers confidently make big purchases. Many customers want to create a cozy, inviting home for family gatherings—whether upgrading to a new dining table or finding

Serious couple studying contract agreement, reading terms and conditions attentively before signing, husband and wife calculating domestic bills, considering mortgage loan offer, health insurance
Katapult
Leveraging LTO Financing for Retail Growth

Attracting and retaining customers is paramount to success in the retail furniture industry. Traditional financing models can be exclusionary; in fact, 30% of shoppers are overlooked by these options, leaving a significant portion of potential customers unable to access the furniture they need. These consumers are eager to spend but

American dollars grow from the ground
Fortiva Retail Credit
Growing Retail Sales with Second Look Financing

Approximately 40% of the U.S. population has less-than-perfect credit1, with credit scores that range from 550-700 amid the broader FICO scale of 300-850. Although these everyday Americans typically have dependable and full-time income, they fail to meet the criteria of prime lenders. When a prime lender declines credit for these

Man blowing money out of his hands
David McMahon
Analyzing Which Expenses Will Maximize Profitability and Cash Flow

Whatever regional economic situation you find yourself in, there is always an opportunity for improvement. It is important to have your finger on the pulse of your business and look for ways to maximize profitability and cash flow. If sales grow faster than in previous periods, cash flow will grow

Stethoscope on charts and graphs spreadsheet paper, Finance, Account, Statistics, Investment, Analytic research data economy and Business company concept.
Home Furnishings User
The Importance of Understanding Your Retail Financial Health

In the dynamic and ever-evolving world of retail, understanding your financial health is not just a recommended practice; it’s a critical necessity for survival and growth. For a furniture retail store, comprehending the intricacies of your financial well-being can make the difference between thriving and fading into obscurity. This blog

An odometer with the different generations. Baby boomer, Gen X, Gen Y, Gen Z
Katapult
Alternative Payment Options Enhance Customer Experience

In today’s digital age, furniture customers expect convenience and flexibility regarding payment options. This blog post will explore the importance of offering alternative payment methods and how they can benefit your business by providing enhanced customer experience and driving increased loyalty. The value and appeal of flexible payment solutions In

7 Tips to Improve Cash Flow_HFA blog
Home Furnishings User
7 Tips to Improve Cash Flow

A fluid cash flow is the lifeblood of any business. Especially as we see an economic downturn approach, it will be more critical to ensure you are continuously improving your cash flow situation. Here are some actions you can take to generate more cash in your home furnishings retail business.

Riskified Fraud prevention HFA blog
Riskified
HFA’s eCommerce Fraud Prevention Solution: Riskified

Riskified, one of HFA’s newest members, empowers businesses to realize the full eCommerce potential by making it safe, accessible, and frictionless. The world’s largest brands trust us to increase revenue, manage risk, maximize fraud prevention, and improve customer interactions. Leading With Customer Centricity in a Digital-First World Customer centricity has

HFA Genesis second look partner
Genesis Credit
What is second-look financing and why do retailers need it?

Despite last year’s global challenges, the furniture industry rebounded in 2020 as people spruced up their spaces and renovated multiple rooms within their homes. Although financing played a significant role in this success, one thing that also increased – primary credit declines. Turning customers away is never the desired outcome,

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