“We need robust demand planning” is a phrase I hear from almost every client. Demand planning accurately forecasts customer purchases, essential to any business that buys/builds goods. At a basic level, the definition of demand planning and its crucialness to business are self-explanatory. However, successfully implementing demand planning responsive to
Every business owner would agree that the time to plan your response to a cyberattack is not in the middle of the incident. Research from the University of Georgia shows that a cyberattack occurs every 39 seconds, and 43% of these attacks target small businesses. Despite these data, not even
A growing threat that has been on the rise and cannot be ignored for home furnishings businesses is the threat of a cyberattack. According to CyberSecurity Magazine, 61% of small to medium-sized businesses (SMBs) have reported at least one cyberattack during the previous year, and 43% of all data breaches
Retailers are continuously looking for opportunities to improve their bottom line. This issue seems to be at the top of virtually every convention, buying group, association, furniture market, or performance group gathering. Just look at the topics discussed at any of these events; almost all focus on either increasing sales
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
As a manager, you know that effectively managing your merchandising strategies is essential to driving home furnishings sales and profits. However, without meaningful metrics for measuring performance, it can be difficult to accurately gauge the success of various merchandising promotions or product lines. That’s why it is critical to use
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
What KPIs Can You Measure to Improve Profitability? Customers are facing tough choices these days when it comes to discretionary spending. It’s not necessarily bad news, however. Retailers now have opportunities to build loyalty and grow market share if they can quickly and efficiently adapt their brick-and-mortar and online business
Are you aware of your surroundings? In tune with movements, trends, and fads? Understanding of the dynamic shift of generational mindsets? Giving back in big ways? Sharing your commitment to good? Consumers practically demand brands to share a deep compassion for the community they serve. In a world of increasing
The Home Furnishings retail landscape is evolving at a rapid pace, presenting new and exciting challenges. Successful companies harness the power of their organization’s distinct vision, mission, purpose, and values to fortify their identity, inspire their employees, and deliver on their brand promise to their valued customers. Company Culture emerges
Harnessing the Power of AI and Transforming Your SEO, Marketing Strategies, and Retail Advertising In the rapidly evolving world of
Returns in the furniture industry can be complex, costly, and a major source of customer frustration. Whether it’s a damaged
Whether expanding locations and pursuing a more robust system or seeking to upgrade to a platform with deeper insights that
Shaving cost per asset while maximizing revenue is a top priority for home furnishings retailers today. To help achieve this,
Independent retailers have always faced complexity. From managing vendor relationships to tracking inventory and delivering a consistent customer experience, the
Smarter Media Strategies for Furniture Retailers In today’s crowded advertising landscape, every dollar counts—and standing out has never been harder. Are your media channels truly
Winning in the Age of AI for Retail SEO Retail SEO is evolving fast. With AI-driven search and Answer Engine Optimization (AEO) reshaping how consumers
Retailer-to-Retailer Roundtable: Back-End Operations Exclusive for HFA Members Looking for a place to connect with like-minded retailers, share challenges, and
In today’s crowded advertising landscape, every dollar counts—and standing out has never been harder. Are your media channels truly delivering
