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September 25, 2022

Furniture Makers

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PFP Offers Free Tool to Help Retailers Evaluate Cash Flow

http://www.furninfo.com/Furniture-Industry-News/12440/

Planned Furniture Promotions (PFP) announced that it is offering a free tool to evaluate the health of their cash flow and prevent catastrophic business losses, hoping to meet the urgent needs of retailers against today’s supply and demand challenges.     

Tom Liddell, PFP senior vice president, explained the supply and demand problem in the furniture industry that is putting retailers at serious financial risk.

“It is taking too long for customers to get their purchases, if at all. They are purchasing more than ever and paying their down payments but not receiving their merchandise on a timely basis.  This may eventually turn into cancellations which will require refunds. And even worse, many are using the customer deposits as cash flow to run their business. This may lead to a ‘cash flow storm’ the likes of which the furniture industry has never seen before,” he said.

PFP’s solution to help retailers is a cash flow calculator in the form of an Excel spreadsheet. Retailers have the assurance of a certified-safe download at no cost to them: https://pfpnow.com/free-backlog-cash-flow-calculator/

“We’ve already seen clients that were shocked by the results when using this tool”, said Liddell. “Many are enjoying record-setting business, however, that comes with a very steep price when it comes to fulfilling those orders.”

For more information, visit www.PFPnow.com.



About Planned Furniture Promotions: Planned Furniture
Promotions, Inc. (PFP)
is the foremost furniture industry specialist in conducting high impact
promotional sales. Since 1962, PFP has specialized in creatively
planning and successfully implementing thousands of sale promotions for
national, regional and local retailers of all sizes that are interested
in quitting business, retiring, raising cash, and achieving other urgent
goals. PFP applies its unparalleled expertise and offers a broad range
of services to help retailers maximize value including purchasing
inventory using its substantial buying power, management, sales
staffing, advertising, financing, and other critical areas. For more information, visit www.PFPnow.com.