NAHFA Partners with PROFITsystems to Bring Back the Retail Performance Report

Furniture World News Desk on 12/8/2014

The North American Home Furnishings Association (NAHFA) announced that the organization will be working with PROFITsystems’ consultants Wayne McMahon and David McMahon to re-launch the popular annual Retail Performance Report. The upcoming edition of the report will be compiled from 2014 data and released at the 2015 NAHFA Home Furnishings Networking Conference, May 17-19 in Orlando.

Last compiled seven years ago, the Retail Performance Report has been regarded as the “bible of benchmarking” for the home furnishings industry. Performance Data is compiled on an annual basis from retailers across North America. The result is a report that businesses can use to compare themselves against their peers in the industry.

“We are extremely excited to be working with PROFITsystems experts Wayne McMahon and David McMahon to bring back the Retail Performance Report. It will be great to once again provide this invaluable benchmarking tool to our members and to the industry,” said Kaprice Crawford, NAHFA Membership Director.

PROFITsystems’ Wayne McMahon, CPA, CMA and David McMahon, CMA, EA are long time industry consultants and performance group directors. They are certified accountants and provide financial and operational improvement advice to home furnishings retailers.

“We have found through our performance groups and consulting clients that those retailers who watch their key performance indicators and compare themselves against their peers are the most successful. They’re in touch with their business,” said David McMahon of PROFITsystems.

Leveraging the latest professional web survey technology, the NAHFA and PROFITsystems aim to compile data that can help determine industry averages and help home furnishings retailers understand how they measure up against their peers and competition. In addition, both organizations will offer retailers the opportunity to have their data confidentially compared against the industry norm and receive individual feedback and recommendations.

Education on the value of benchmarking and invitations to participate in the new 2015 NAHFA Retail Performance Report will be made available in January.

About the NAHFA: The North American Home Furnishings Association (NAHFA) was founded in 2013 with the merger of the three largest home furnishings retailer associations in the U.S. The NAHFA is North America’s largest organization devoted specifically to the needs and interests of home furnishings retailers, with more than 1,800 members representing more than 7,000 storefronts across all 50 states and several countries. Association offices in the East, West, and Central United States provide members with programs, resources, services, and a unified voice in government relations by partnering with home furnishings industry suppliers, vendors, affiliates, and other organizations.

About PROFITsystems: PROFITsystems is a complete solution for the modern home goods retailer. Key components of their solutions for retailers include enterprise software, consulting, performance groups, advanced education, group-buying freight programs, eCommerce and business intelligence. PROFITsystems features real-time inventory management, customer relations management, point-of-sale, and accounting systems. For additional information on PROFITsystems, visit their website at: www.profitsystems.com.