News

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Home Furnishings Association
Q1 2021 HFA/Piper Sandler Furniture Retailer Survey

Sales and optimism are running high for our industry right now, and the latest HFA/Piper Sandler Furniture Retailer Survey bears this out. When 2021 started, most retailers expected this year to end up right around 8%. After the first quarter of this year, those estimates now sit between 10 and

Couple in a mattress store wearing face masks
Mark Schumacher
The Economy: When will furniture demand slow down?

The economy. If ever we needed someone with a crystal ball to tell us where this economy is going, now would be the time to find that person. We’ve been dealing with such confounding elements. Demand for home furnishings is still up even though supply is still down. While that

Doug Clark
HFA supports plan to attract younger truck drivers

A shortage of truck drivers is one of the long-term supply-chain problems impacting the furniture industry. And it’s why the Home Furnishings Association supports a proposed pilot program aimed at bringing younger drivers into the profession. The Federal Motor Carriers Safety Administration recently announced plans to study the feasibility of

Image shows a man and woman in a furniture store
Doug Clark
Hoot Judkins’ loan journey: Four weeks to success

Bobby Watson, co-owner Hoot Judkins Furniture in Redwood City, Calif., wants to share his loan application experience with other Home Furnishings Association members. Since March 17, the business has been open only for “contactless shopping by appointment. Contactless pickup and delivery available.” On that day, Watson also launched his effort

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Doug Clark
HFA thanks lawmakers for critical tax fix

The Home Furnishings Association and industry allies have written to key lawmakers in Washington, D.C., to thank them for their work in enacting an important tax break. Furniture retailers can utilize the new provision to help them upgrade interior portions of their stores and warehouses. “On behalf of the undersigned

Robert Bell
La-Z-Boy spells out best practices for reopening stores

Even when some states allowed the company to remain open, HFA member La-Z-Boy Incorporated dutifully closed all of its stores nationwide last month as the coronavirus spread and COVID-19 cases began to spike. La-Z-Boy Vice President and General Counsel Steve Krull said his company’s decision was a no-brainer: “We wanted

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Doug Clark
Loan program urgently needs fixes, HFA tells leaders

The Home Furnishings Association is asking leaders in Washington to implement the Paycheck Protection Program lending initiative as Congress intended. While Congress wrote the $2.2 trillion CARES Act, an emergency economic relief bill signed into law by President Donald Trump on March 27, implementation was assigned to the U.S. Department

Ken Smith
Doug Clark
Take a personal approach when you can’t pay bills, Smith advises

With little money coming in, many furniture retailers have no means to pay their suppliers. And the funds from most Small Business Administration loans can only be used for payroll, mortgage interest or rent and utilities – not for the cost of products just sitting in the warehouse. Retailers need

image shows a building with columns
Doug Clark
Retailers get tax help in CARES Act

The Coronavirus Aid, Relief and Economic Security Act delivers strong tax benefits to furniture retail businesses. [HFA webinar: What the $2.2 trillion relief bill means to your business] Employee Retention Tax Credit One benefit is the Employee Retention Tax Credit. This is a credit against applicable employment taxes (Social Security,

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