A Conversation with Industry Icons

2022 06 October
12:00 pm Pacific / 3:00 pm Eastern

A Conversation with Industry Icons

Todd Wanek, CEO of Ashley Furniture Industries, and Irv Bumkin, Chairman of NFM and HFA’s Trailblazer of the Year, are two of the most influential leaders in the home furnishings industry. They’ve both seen success and faced challenges, so their insights will be invaluable to you as they discuss today’s environment and their thoughts on the future. You won’t want to miss this webinar – it could mean the difference maker for your business. Register now and make sure you get a seat!

Irv Bumkin Owner, Nebraska Furniture Mart (NFM)
Irv Bumkin is the Chairman of Top 10 of Home Furnishings retailer Nebraska Furniture Mart (NFM) and the recipient of the HFA 2022 Trailblazer award.

Todd Wanek CEO, Ashley Furniture Industries
Todd Wanek is the leader of the world’s largest furniture manufacturing and logistics company Ashley Furniture Industries.


Key Takeaways:

  • Profitability is an output, not an input. Focus on your input in various areas (eliminate waste, capitalize productive people and opportunities, etc.) and the output will be profitable.
  • Innovation of your technology and training needs to be ongoing to stay successful business in your marketplace. It’s worth the investment!
  • Develop people within your organization that will contribute greatly to your success. They are the future leaders of your business.
  • The key to keeping the entrepreneurial spirit alive in your business is to let your team feel they have the authority to take chances and learn from their mistakes.
  • Keep an open mind to receive criticism and use it as a chance to improve practices or processes.
  • Be transparent with your entire organization.
  • Metrics to follow are sales and margins on written business, and customer feedback. Paying attention to customer needs and concerns is one of the keys to success.

Watch the full video to hear our guests’ thoughts on the current economy and insights into the future of our industry.