Inventory management is the key to your cash flow and your store’s success. You spend more money on inventory than anything else, and while it’s the most important asset you have, it’s also the place where you can bleed money if you don’t monitor that asset very carefully. When buyers
You already know this feeling: sales are strong, customers are walking in, and yet somehow your bank account tells a different story. You’re not imagining it. But what most people don’t realize is that cash flow problems in the home goods industry aren’t usually revenue problems—they’re inventory problems. Inventory is
If you thought of the title of this article as a question, your first answer might be “Products that sold with the least amount of markdowns.” You could be right, but that’s only a small part of the answer. It’s not just about selling products with low markdowns. There is
Inventory is your biggest asset, but also your biggest expense. Manicuring and curating your inventory assortment is the most important job you have. It’s very easy to get distracted by other things in your business. Still, your inventory is the best place to invest your time, and in doing so,
HFA Monitoring Impact and Gathering Intel Details are beginning to be released of the recent White House announcements of planned new tariffs on imported upholstered seating. Effective October 14, 2025, these tariffs will begin at 25% and increase to 30% on January 1, 2026. HFA is working closely with our
There’s nothing like finding something new that adds a touch of style and comfort to your home, especially when you know you won’t find it in every other house on the block. That’s why so many home furnishings retailers turn to Faire to source unique products for their customers and
When it comes to supply chain management and organizing the flow of goods – including purchasing, inventory, transportation, warehousing, forecasting, and delivery – there are many moving parts and plenty of room for error. In fact, mistakes in supply chain management can have a significant impact on a business’s bottom
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
Most furniture store owners spend decades building their businesses, cultivating vendor relationships, earning lenders’ trust, and developing a loyal customer
Successful retail businesses understand a powerful, enduring truth: people are the heart of long-term growth. Preparing tomorrow’s leaders isn’t just
The furniture industry has had a brutal few years. COVID-19 froze factories, snarled ports, and exposed the fragility of single-source
Home furnishings retailers are facing a rapidly changing trade and customs environment, with several recent federal actions that could increase
I’ve spent years around retail furniture companies, and I’ve watched a quiet problem sink otherwise healthy businesses: aging inventory. Aging
Succession planning is critical to protecting the future of a home furnishings retail business, yet many owners wait too long to start. Whether the transition
Leveling the Playing Field: Tariff Enforcement and the Fight for Fair Competition Join Home Furnishings Association CEO Peter Theran for a discussion with Keith Koenig,
MEMBER-ONLY DISCUSSION: Driving Traffic Connect with fellow HFA member retailers to exchange insights, challenges, and successes in using technology and
