Millennials – Americans 22 to 37 years old – are increasing their share of consumer spending. They aren’t neglecting furniture and bedding, according to the U.S. Bureau of Labor Statistics. BLS reports in its newest Consumer Expenditure Survey that from 2014 to 2017, Millennials increased their share of overall furniture
Despite the growth of online sales, there’s still a great demand for traditional, brick-and-mortar stores. A Rutgers University study showed that competitive advantages such as easy return processes, a pleasant and engaging store environment, and amazing customer service combine to create in-store experiences that drive sales and increase repeat customers.
That’s because it won’t be yours anymore. Successfully transitioning your furniture store from one generation to the next requires a leader who’s willing to let go. Perhaps no other retail sector has as many family businesses running through it than the furniture business. Odds are good you’re probably running or
I’ve run into so many nice family business leaders in my line of work that it got me thinking about a chicken-or-egg question. Most family business leaders I know are some of the nicest people you could ever meet. Always engaging, always willing to help. That got me thinking: Are
Michael Parrish has five children to feed back home. That’s why he stays so busy at work. Michael Parrish has a theory about furniture retailers he wants to share, but first he has a story to tell. Once upon a time—April to be exact—Parrish was heading home from another High
It’s not about the hours you put in. Top performers accept fewer tasks and then obsess over getting them right. I remember my first job out of college working at a bank. I was processing loans along with two or three other people. Unlike those people, though, when five o’clock
Tips for keeping your family business humming along for generations You’ve probably read the statistics: Barely three out of 10 family businesses survive to the second generation, according to Forbes. By the time third-generation family members show up for work that number is down to one. As bleak as that
At Daw’s Home Furnishings, the apples never fall far from the tree For the record, it was never a given any of Yazbik Daw’s eight children would end up selling furniture. There was no fatherly edict that they would follow in their dad’s footsteps at Daw’s Home Furnishings, the store
The biggest elements of retail success are inventory and selling. Traveling around the world consulting with retailers, I’ve seen my share of retail furniture operations in action. These operations come in all shapes and sizes, but there are typically three types of retailers. First, there are those who recognize and
…has your estate plan changed with it? We recently celebrated Dr. Martin Luther King Jr.’s birthday. King’s name is synonymous with grace under pressure, a wish for a peaceful resolution of differences and strength of character. But two years ago, King’s birthday was marred by ugly headlines surrounding his family’s
Shopping for furniture is a universal experience, yet the way different generations approach this process varies significantly. From Gen Z
A recent California jury verdict has sent a clear message to employers: when it comes to workplace concerns and adverse
CITY Furniture has built its business on three clear values: style, value, and customer experience. The Florida-based company got its
Data was supposed to make decisions easier. So why do your dashboards seem to show you more ways to stay
Every retail furniture store has that one sales associate—charismatic, confident, and consistently at the top of the leaderboard. Their closing
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
In today’s crowded advertising landscape, every dollar counts—and standing out has never been harder. Are your media channels truly delivering
Retail SEO is evolving fast. With AI-driven search and Answer Engine Optimization (AEO) reshaping how consumers discover products, retailers must
