business


Monday, April 29th, 2013

Well-Known North Carolina High-End retailer, Baker Furniture Co. entrusts PFP with their last and biggest sale event!

Author: Planned Furniture Promotions

Baker Furniture in Cramerton (standing L-R) owners Jim and Sandra VanPelt and (sitting L-R) their children who help run the business Greg VanPelt and Holly Hite

As covered by the Gaston Gazette, April 2013   (Cramerton is a close suburb of Charlotte, NC)

A 60-year-old Gaston County tradition is coming to an end.

Baker Furniture Co. in Cramerton plans to close by the end of July, having furnished local homes for three generations.

Owners Jim and Sandra Van Pelt say the time is right to stop working 12-hour days and start spending that time with their four grandchildren.

Customers have come to expect the VIP treatment from the business. Sandra Van Pelt often travels to customers’ homes to measure spaces before placing orders.

Baker’s has built a reputation of carrying high-end brands.

It’s come a long way since Sandra Van Pelt’s father, Floyd “Red” Baker, opened the store in 1949 in his garage.

He sold discount furniture to people still recovering from the Great Depression.

Sandra Van Pelt recounts how the business was born. Her parents drove to Hickory to buy a mahogany bedroom suite from a manufacturer. Baker, hunting a bargain, asked if he could get a good deal.

The salesman agreed, but on the condition that Baker buy six bedroom suites instead of one.

The couple made the deal. They put one set of furniture in their home and the other five on the lawn for sale. Customers soon arrived, and “Red” Baker watched the business continuously expand until his death in 1985.

That’s when Jim and Sandra Van Pelt became owners. Their grown children, Greg Van Pelt and Holly Hite, also work at the store.

Less attention to quality

For the last five years, annual sales at the furniture store have totaled $5 million, said Jim Van Pelt. He and his wife take pride in serving discerning clients from Charleston, S.C., to Atlanta.

But the Charlotte region provides loyal customers who, Sandra Van Pelt says, wouldn’t go anywhere else to buy furniture.

“In a small business like this, your customers become your family,” Jim Van Pelt said. “So that’s the bittersweet part.”

Styles and customer habits have changed dramatically over the decades.

Two decades ago, clients wanted everything in a living room to match. From the draperies to the armchairs to the sofa, the “matchy-matchy” style was the rage.

But these days, eclectic styles are in fashion and anything goes.

The Van Pelts have filled fewer custom furniture orders in recent years. Some customers lost interest in picking out solid wood frames, flipping through sample books and selecting ornate fabrics.

They want to walk in a furniture showroom, scout out items they think will look good and leave with the purchases in tow, Sandra Van Pelt said.

Many customers are also paying less attention to quality and are more focused on the price tag.

“Most people have become a lot more conscious of price because of the economy,” she said. “Even people that have money, they’re not throwing it away. They’re still careful with how they spend it.”

‘Personalized attention’

Beverly Cole of Gastonia has moved several times over the past five decades. And the staff at Baker Furniture Co. has been there to help her redecorate each home.

“They wanted to please you so much. I really do think that’s the thing that Gastonia is going to miss so much,” she said. “You knew when you went over there, if you couldn’t find it, they were going to order it for you. That personalized attention is going to be hard to come by now.”

She can’t recall exactly how many furniture pieces she’s bought from the Van Pelts. Since 1960, they’ve helped her select beds, living room furnishings, dining room tables and framed pictures.

After recently moving into an apartment, she found herself once again calling on the services of the Van Pelts. They helped find a headboard for a bed that matches her night stand.

Then Sandra Van Pelt arrived to help her place furniture in different rooms.

“I’m going to miss them terribly,” Cole said. “It’s been a wonderful relationship with needing furniture and having some wonderful people to buy it from.”

Closing out

The store is still fully stocked. The Van Pelts replenish the showroom with items from an on-site warehouse. They hope to have all furniture and rugs liquidated by the end of July.

Jim Van Pelt said the property and 40,000-square-foot brick building are for sale.

The business has always been on Market Street. Additions and renovations have been made over the years to accommodate more showroom space.

Sandra Van Pelt said longtime customers hear about the store closing and stop by to greet her. Then they cry together and remember the friendships made.

It’s emotional because she’s been involved in the business all her life.

“We have always strived to sell people good furniture and give them choices,” she said.

As covered by the Gaston Gazette, April 2013

Wednesday, February 20th, 2013

Can’t decide if reinvention is the answer?

Author: Planned Furniture Promotions

Many retailers that we work with are struggling, looking for new sources of cash flow and concerned about what their future may hold.  In many (if not most) cases, they wait too long.  The thought is often that business will return, it will be just like the good old days.  Two of our clients found the answers that they were looking for in books.   We’ll pass those recommendations along to you here….

Whether you’re trying to decide whether to close, reinvent or improve your business, these books are both full of great ideas.  Enjoy…

Necessary Endings by Dr Henry Cloud

Leadership and Self Deception by the Arbinger Institute

Sunday, February 17th, 2013

Be Careful Whom You Trust With Advice

Author: Planned Furniture Promotions

It’s important to see why someone would push you to use one company over another.

You have to ask….  What is their motivation?

Most retailers have long and mutually profitable relationships with the professional sales reps that call on them.  Over the years, they usually develop strong friendships, founded on trust and

Sales pros that recommend PFP do it for the right reason

honesty.  The hundreds of sales professionals, that recommend PFP, do so because they feel that we are the best company to assist their customers.  They know that by using PFP, they have the best chance for recovery, whether it’s to save a struggling business, or to use the PFP copyrighted “What If?” program.  A “What If” promotion allows a store to completely reinvent their business model with a relevant and profitable new structure.  Bottom line, if a sales representative recommends PFP, they’re doing it because they believe we can help, not for their own remuneration.  The most they can hope for from PFP is orders to support a sale, but even then, we only buy lines that are “right” for an event and that provide outstanding value.

As an example, we see a lot of correspondence going to sales reps like the following letter sent by a promoter.  Unfortunately, these “lead fee” programs are very common.  The point is, it’s important to understand the motivation of the person that may be pushing one promoter over another.

The following is a letter that was emailed to hundreds of sales reps nationwide.  This is only one example, we’ve seen many….

PROMOTER LETTER (NOT FROM PFP):

When you give us a referral, here is what you can expect from (Company Name Removed):

The majority of you have been in your respective territories for many years and the retail relationships that you have developed and nurtured, in many cases, have also become close friendships.  Relationships that your retailer/friend has come to depend on for: product knowledge, market/competitive advice, sales/product presentations for their staff in addition to a number of other various “business caps” you wear for which they solicit your input.  That puts you in a unique situation to also make recommendations when their daily sales and margins are falling, they are over-inventoried, floor samples need freshening and the resources to do so are lacking, they have a backlog of sold/undelivered orders that are on credit hold among numerous other signs of distress.  NOW, you can make a recommendation to those same retailers/friends when you recognize the signs of distress, or they simply reach out asking for your help.

AND…we’ve strengthened our rep referral program. We will pay you a guaranteed $4,000 for every referral made to us that we convert to a sale (emphasis added). Here is how it works…if you provide me with a retailers name and contact info and that retailer is expecting my call, when we sign that sale, you will be paid a guaranteed $4,000 or .5%, whichever is greater.  For example…if the sale does $500,000, you will receive $4,000 and if that same sale does $1,500,000, you will be paid $7,500….if it does $3,000,000, you will earn $15,000, etc.  Payments are sent to you on a weekly basis during the term of the event.  AND….we’ll buy from you the lines you’re representing to use in the sale; so, you’ll generate a revenue stream from both sides of the event.

AGAIN, the above is a PROMOTER LETTER (NOT FROM PFP):

Thursday, October 4th, 2012

PFP named to handle prestigious “Leo Burke Furniture” Closing Event

Author: Planned Furniture Promotions

Reprinted from the Richmond-Times-Dispatch, Richmond, VA

Leo Burke Furniture store closing after 54 years

Jack Burke has taken lots of risks over the years with his family-owned furniture store business.

Now, he’s taking the biggest gamble ever: shutting down the Leo Burke Furniture store in Carytown that his father started in 1958 with a bankruptcy furniture sale.

“It just makes more sense to go out now while we are on top rather than keep pressing on,” Burke said Wednesday.

“There was no big epiphany. We have run a good business for 54 years,” said Burke, the company’s president. “This is a business decision like any other we would have to make. We are always looking at the trends and decided that it made sense to do it now.”

Leo Burke Furniture, which has operated a single location at 3108 W. Cary St., will close this summer. A bankruptcy furniture sale of its entire inventory, including rugs, has begun.

Burke blamed the slowing economy and changing consumer habits as reasons for closing the store.

“I hate to see it, but we have seen a lot of our premier furniture stores close up nationally,” said Wallace E. Epperson Jr., a longtime furniture-industry analyst with Richmond-based Mann, Armistead & Epperson Ltd.

Jack Burke of Leo Burke Furniture assisting a consumer in the store

High-end furniture retailers have suffered in recent years as manufacturers have closed or greatly reduced their offerings, Epperson said.

Most industry analysts would not have expected high-end furniture retailers and manufacturers to be hard hit during the recession, Epperson said, because their core customers — more affluent shoppers — are spending money and are not credit risky.

But those shoppers also are buying better-looking yet cheaper-priced imports that have flooded the market, he said.

“The imports look so good. If you want a leather sofa you can buy one for $2,000 that looks like a $6,000 one,” Epperson said. “As a consumer, it is just difficult to pay that kind of multiple price. As a retailer, how do you compete with that?”

Burke said many of his store’s vendors have gone out of business. “These were ones that were important to us, lines that our customers had became accustomed to buying from us,” Burke said.

In 2007, Burke reduced the size of the store to about 9,000 square feet from 19,000 square feet. That took the store’s size back to what it had been in 1992 when a fire damaged it.

While reducing the store size, Burke said the sales per square foot remained about the same as before.

The company is private and does not release financial figures. Burke declined to provide any guidance of how the store has performed in recent years.

Leo Burke Furniture’s closing comes as another longtime Carytown retailer also is closing. Pirouzan Oriental Rugs is shutting down after 27 years, citing changing consumer tastes coupled with the downturn in the economy.

The announcement of Leo Burke Furniture’s closing, and it’s impending bankruptcy furniture sale — a notice was sent to some longtime customers in the past week — has given Burke time to reminisce about the store with shoppers who have come in and told him what they bought over the years.

“I think this is all happy emotions,” Burke said.

The closing is not a time to shed tears, but a period to celebrate, he said.

“We have had a great business and a great run and I’ve been doing this for 33 years,” Burke said. “I think it is time for celebration. I am excited about it. I see this as a celebration than any other emotion.”

Saturday, September 15th, 2012

Planned Furniture Promotions hired to handle Bob’s Furniture Gallery’s Liquidation event

Author: Planned Furniture Promotions

Bob’s Furniture Gallery Announces Going-Out-Of-Business Sale

Fourth-generation retailer grew with Joplin since shortly after WWII

JOPLIN, MO—Bob’s Furniture Gallery, which has grown with Joplin to fill over half a city block, is closing its downtown store at 1736 South Main Street with a going-out-of-business sale to liquidate inventory.

Bob's Furniture Gallery, Joplin, MO

Bob’s Furniture Gallery was originally opened in 1947 as Church Furniture Company by Raymond Church, the current owner’s great-grandfather. When Raymond Church retired in 1958, the business was purchased by his son, Floyd, and daughter, Mildred Vobbe. Bob Parrish acquired the store in 1962 and then decided to change the store’s name to Bob’s Discount in 1969.

Family members point out that Bob’s Discount was always a bit of a misleading name, because, with the name change, Bob Parrish began adding more and more high-quality furniture—which gave the store a reputation as the place in Joplin where customers could get better quality for less. That tradition has continued since Mark Parrish, the store’s current owner, joined the operation in 1981 and took over with his father’s unexpected death in 2009.

“The final sale truly is a celebration of the four generations of my family who have been privileged to have the patronage of so many in the Joplin area over so many years, as Bob’s Furniture Gallery grew into the largest furniture store in Southwest Missouri,” said Parrish, who has worked in the store since 1981. “We look forward to seeing many old friends during the sale.”

Everything in the historic 10-building store that has been growing in the same location since 1947 will be sold prior to the closing. Bob’s prominently features furniture products from well-known furniture brands such as Thomasville and Flexsteel, and from other recognized names like Lexington, Pulaski and Howard Miller, as well as Sealy and Tempur-Pedic mattresses.

“Over the years, Bob’s Furniture Gallery has thrived by offering quality furniture at a discount price,” Mark Parrish said. “What we’re celebrating are the customers who’ve made us successful by embracing us and our desire to serve all of our customers with honesty, integrity, and dependability, because that’s always been our motto.”

Tuesday, April 27th, 2010

Christopher Michael’s Furniture

Author: Planned Furniture Promotions

Take the money and run? Not these people. They promised a broom-cleaned store and that’s what they delivered. They stayed until all inventory was gone, and even helped remove all business records. Even now they are open to questions, solving customer inquiries, and assisting with anything that arises.

I cannot end my comments without mention of the auction conducted after the sale under the supervision of PFP by Kurt Earlywine and his associates. What a well-tuned machine they bring to the table. I watched in amazement as Kurt worked and entertained the crowd. Everyone had fun. Clients were happy with their purchases, and, incredibly, we had made money.

Christopher Michael’s Furniture
Dublin, GA
Jack Cammack, President

Tuesday, April 27th, 2010

AA Mooney Company

Author: Planned Furniture Promotions

It was extremely important to me that my staff who had worked very hard for me for many years he included and taken care of during this sale. This was done very effectively and my people became part of the PFP team. This was probably the most gratifying part of the sale and as important to me as the success of the sale.

AA Mooney Company
Bedford, NH
Mark E. Reingold, President

Tuesday, April 27th, 2010

Furniture 1900

Author: Planned Furniture Promotions

Planned Furniture Promotions Inc. has earned my sincerest respect. Should you need a reference, don’t hesitate to give my phone number to a prospective store owner. Be assured that I will enthusiastically endorse your company. If I had known how positive an experience working with PFP was, I would have gone out of business years ago.

Furniture 1900
Spokane, Washington
William Morkill

Tuesday, April 27th, 2010

Kline’s Furniture

Author: Planned Furniture Promotions

I, Leonard Baer, President of Kline’s Furniture, would fully recommend them. In the four months of this closing sale there were never any misunderstandings. They are a professional group of people and would be a great asset to any business. They were truly like having more family members in our family owned business.

Kline’s Furniture
Portsmouth, NH
Leonard Baer, President

Saturday, April 17th, 2010

What If You Could Start Over?

Author: Planned Furniture Promotions

“What If”

What if you could start with a clean slate?

What would you do?

Depending on your unique situation, PFP can usually offer our dealers a “broom clean” store, giving you the opportunity to effectively start over.

Inventory that’s fresh instead of faded. Employees with money in their pocket and a smile on their face. Pitfalls become profits as we help you pull back from the brink and get a new grip on your business.

We invite you to explore our site and listen to other dealers share their “What if” stories in their own words. Please contact us if you’re ready to start over in your own store.