Finance

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,

Mariner Finance
Doug Clark
Mariner Finance helps you increase sales

When it comes to retail financing, Mariner Finance has a simple motto: “Our business is to grow yours.” Mariner Finance’s retail sales manager, Therese Bernardo, says the motto is not just a slogan. “This credo is truly what we live by,” she says. “Not only do we earn our paycheck

Cash
Robert Bell
Cash is critical during a crisis, HFA panelists say

The coronavirus pandemic and the ensuing shutdown of stores will have a direct impact on every furniture retailer’s bottom line this year. It will also affect how they manage their businesses moving into 2021.  At a recent Home Furnishings Association COVID-19 live webinar, HFA members Peter Theran and Bobby Watson

burning cash
Robert Bell
Retailers urged to calculate and manage their stores’ cash-burn rate

It’s not a pretty picture to imagine, but let’s face it: There’s very little pretty about our current economy. So forgive Mitchell Stiles when he explains the best way for furniture retailers to reduce their cash-burn rate during this economic shutdown. “It’s like having 10 people in a lifeboat, and

Tidewater Logo
Doug Clark
Tidewater Finance helps make customers for life

Tidewater Finance Company follows a simple creed: “We believe in giving flexibility to our dealers to do what’s best for their customers and what keeps their customers happy,” said George H. White III, national sales manager. Tidewater is a secondary financing company that offers prime-financing features, such as 12 months

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