At the recent International Council of Shopping Centers (ICSC) conference in Las Vegas, approximately 25,000 retail experts converged to share their perspectives on the retail industry’s current state and future direction. Brimming with ideas, insights, and innovations, this dynamic event provided a comprehensive look at how the sector is evolving.
Attracting and retaining customers is paramount to success in the retail furniture industry. Traditional financing models can be exclusionary; in fact, 30% of shoppers are overlooked by these options, leaving a significant portion of potential customers unable to access the furniture they need. These consumers are eager to spend but
Running a successful business involves more than just making sales; it requires effectively managing your retail cash flow. This blog post will explore key strategies to increase your retail cash flow and improve your business’s profitability. You will learn practical tips and actionable advice to optimize your retail cash flow.
An effective strategic plan provides step-by-step instructions for launching, growing, or redirecting an organization. The strategic planning process involves: Defining the organization’s vision. Conducting a situational assessment (including validating the forecast/outlook). Setting goals, objectives, and priorities (while understanding that different constituents may have different desired outcomes). Developing a tactical process
In every industry, more and more of the customer journey is taking place online. The same is true for the furniture shopping experience. Whether that journey starts on a mobile device, browsing a website and asking questions about current inventory, or a Google search for customer reviews to find out
Global supply chains bring daily challenges Typical challenges faced by companies with global supply chains include a lack of transparency into their value chain, leading to uncertainty and delays in decision-making. Additionally, the reliance on manual communication through email and Excel spreadsheets contributes to an increased workload, potential for errors,
In the ever-evolving landscape of home furnishings, 2023 presented a unique set of challenges that tested retailers’ resilience and ingenuity. Furniture Today’s Top 100 report sheds light on how the leading furniture retailers tackled these challenges head-on, showcasing their strategic foresight, determination, and the adoption of retail innovation to thrive
BUILD IT AND THEY WILL COME: Retail Experiences, Connection, and Inspiration Currently, 1 in 3 Americans is eyeing furniture or
Are you a rotating door business? Let’s face it: It’s human nature to take the easier path, one with the
Social media platforms have become pivotal for retailers to reach their target audience and drive engagement. Among these platforms, Pinterest
In an era where the convenience of eCommerce is ever-rising, brick-and-mortar stores face the ongoing challenge of attracting customers through
The American Home Furnishings Hall of Fame Foundation, Inc., has announced the prestigious 2024 Paul Broyhill Future Leaders Award recipients.
Maintaining Financial Strength: PART 2 Maximizing Revenue Streams and Strategic Growth In the second part of our webinar series on maintaining financial strength, we dive
Maintaining Financial Strength: PART 1 Achieving Financial Stability and Cash Flow In this first part of our webinar series on maintaining financial strength, join industry
