Finance

increased profits in a graph over time
Ronny Bensimon
Improve Retailer Cash Flow with In-House Financing

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

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

Image shows Genesis Credit logo
Doug Clark
Genesis Credit offers proven success in second-look financing

Not every customer qualifies for prime financing. But those who are close to qualifying still can afford to make significant purchases if given the chance. Furniture retailers shouldn’t let them leave the store disappointed. “Genesis Credit offers second-look financing for furniture purchases by providing near-prime customers with prime-like financing customer

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