After a stellar 2023 Holiday Season, most consumer analysts have been cheering the strong retail sales data spurred by manageable inflation and high employment levels. However, home furnishings and building materials saw weaker sales than other sectors, driven by slowing housing growth and stagnant home resale rates. According to the
In the competitive landscape of home furnishings retail, every advantage counts. From staying on top of trends to managing inventory effectively, retailers constantly seek ways to optimize their operations and boost profitability. One often-overlooked but highly effective strategy is joining a buying group, also known as a group purchasing organization
As operations managers in the furniture industry, we recognize that maintaining an efficient supply chain requires navigating a complex network of interlocking processes. From sourcing to fulfillment and everything in between, every aspect of our business needs to be managed precisely to stay competitive. In this blog post, we will
Demand planning and forecasting has always been tricky. But now, with evolving consumer demands, a new generation of competitors, and global macroeconomic pressures, it’s even more difficult. With disruptive events like the pandemic, shifts in consumer demand, behavior, and preferences, and inaccurate data are plaguing our ability to forecast demand,
For a successful furniture retail business, inventory management is crucial. It is a delicate balance between having enough inventory to meet customer demand and not having so much that it ties up capital and leads to unnecessary markdowns. This blog post shares insights and strategies to effectively manage your inventory
Inventory management is at the top of every retailer’s mind. It is the foundation of your business and a dynamically moving target, especially in today’s world. Yet, inventory control can become your competitive advantage when your business has inventory fundamentals in place. Tracking inventory across your supply chain and providing
Congratulations! You have managed through a period of economic upheaval not seen in generations. Over the last two years, the global economy has experienced unprecedented supply and demand disruptions. Unfortunately, the global supply chain’s existing risks will persist in the near term. For the first time in their living memory,
Has your social media presence become stale? Are you looking for new ways to engage your audience? Social media platforms
In today’s fast-paced digital landscape, the success of a retail furniture business hinges on a well-structured and effective digital marketing
We here at Mosswood bring decades of expertise in business operations, recruitment, and HR, serving as providers and insiders to
In today’s retail landscape, where demands are constantly increasing and productivity is key, the role of a manager has become
The home furnishings industry is known for its diverse product range, intricate supply chains, and fluctuating consumer demands. Due to
Drive Traffic with Data Insights There is untapped potential for driving traffic to your store by using the data you collect. Industry experts will share
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
