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
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
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
HFA members should use the recent rioting and looting across the country to take a second look at their property insurance coverage, says a consultant for Solution Partner Arthur J Gallagher. Nik Levin says retailers sometimes underestimate the value on their property — either unknowingly or to save money on
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
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,
Hundreds of lenders — from national institutions to small-town banks — are preparing for a deluge from small businesses this month seeking financial help from the coronavirus economic fallout. The $2 trillion CARES Act signed into law last month by President Trump includes $349 billion for a federal small business
“The Home Furnishings Association and its 1,400 retail members across the country welcome the $2 trillion relief package from Washington,” President Jesús Capó and CEO Sharron Bradley said in a statement. “The small and larger businesses in our association want to protect their employees, serve their customers and support their
When California Gov. Gavin Newsom ordered most businesses in the state to close, Kevin and Jennifer Large didn’t take that as the last word. After all, Beautiwood Unfinished Furniture in Fresno had customers waiting. “We are still working for you!” Jennifer wrote on the business Facebook page. “We are lucky
Locked doors. Silent phones. Near-empty streets. With every passing day, HFA members are shuttering their showrooms as states increasingly are ordering all non-essential businesses to close in an attempt to slow the spread of COVID-19. But this is not a story of HFA members throwing up their hands and surrendering.
In modern commerce, where convenience and customer satisfaction reign supreme, the concept of delivery has evolved beyond getting your purchase
“We need robust demand planning” is a phrase I hear from almost every client. Demand planning accurately forecasts customer purchases,
As business owners and managers, we understand the importance of consistently driving excellence within our organizations. After all, our success
How To Turn Your Quiet Quitters Into Actively Engaged Team Members If you are in the retail Furniture Industry, it’s
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Evaluating the Cost of Delivery Join leading industry experts who will share insights on key cost drivers, efficiency measures, technology usage, and outsourcing options for
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