ENFIELD, Conn. — Planned Furniture Promotions is meeting the needs of retailers against today’s supply and demand challenges by offering a free tool to evaluate the health of their cash flow and prevent catastrophic business losses.
PFP’s solution to help retailers is a cash flow calculator in the form of an Excel spreadsheet.
“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,” said Tom Liddell, PFP senior vice president. “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.”
Retailers may download the calculator, certified-safe and at no cost to them.
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