According to a report from Furniture Today at High Point, furniture orders from factories are up 7% in January and February as compared to this same time period last year. The cold weather this winter did have an impact on orders, however, it wasn't as bad as it could have been. According to the survey, 70% of manufacturers reported increases in January sales over the same month the previous year, while only 59% of manufacturers reported increases in February over the same month last year.
This is good news considering that in January and February of 2014 orders were down 2% from 2013. That means that orders are up 5% in 2015 over 2013. While that may not seem like a lot, it is still better than what was expected.
If your business is experiencing higher sale volumes and needs help with cash flow, factoring may be a good option for you. While banks are still very tight with their checkbooks, factoring or accounts receivable financing can give you the money you need to keep on shipping out new orders. At DSA Factors we have a lot of experience in the furniture industry and are familiar with most furniture stores nationwide. We can get you approvals quickly and pay you for your invoices the day they ship.
Give DSA Factors a call at 773-248-9000 and let us handle your receivables so that you can focus on your sales.