The formula is fairly easy when considering strategies to increase sales in the retail furniture store environment. Sales = Customer Visits x Close Ratio x Average Sale. Increase your close ratio and average sales, and overall sales naturally increase. The easiest way to increase close ratio and average sales is
Experiential selling involves serving as opposed to selling to customers. It creates a shopping experience that reflects the incomes and lifestyles of target customers; learning what their wants and needs are, in turn, can create a unique shopping experience that provides a strong and lasting competitive edge. Many factors go
Access to credit plays a crucial role in the home furnishings retail industry, empowering millions of American families to make
As the furniture industry evolves and competition increases, we must ensure our sales associates and managers are consistently trained to
Inventory management is the key to your cash flow and your store’s success. You spend more money on inventory than
When service contracts are presented alongside customer furniture selection, they feel natural and valuable. When they are saved for the
You already know this feeling: sales are strong, customers are walking in, and yet somehow your bank account tells a
Join Peter Theran and Steve Fodor, LCB, MCS, Founder and CEO of Customs Services & Solutions, for a practical discussion on IEEPA tariffs, refund developments,
Chasing volume is no longer enough in retail today. Sustainable profitability comes from disciplined, high-impact decisions about assortment, floor space, inventory, and capital allocation.
