Furniture First has reduced its quarterly dues for all members from $1000 to $750. Recent membership growth and increased efficiencies in the administrative office enabled the reduction.
The reduction was announced by Interim CEO Steve Kloss at the national buying group’s Las Vegas membership meeting Monday morning. “Our membership has grown in recent years. In fact, we continued to grow through the worst of the economic downturn,” Kloss commented. “Our members have weathered the storm and business is picking up in several regions of the country. And now we have reached a membership level that allows us to make it an even better value.”
Kloss explained that it is rare for Furniture First members to issue a check for their dues. Typically they are deducted from the quarterly rebates that Furniture First pays members, based on their participation in the buying group’s programs. Kloss followed up by saying “Everyone has to win in our programs. Retailers are motivated by rebates to use Furniture First programs. Our vendors know that Furniture First members look at our programs first when shopping for new products and services. Often they increase their purchases with Furniture First vendors to maximize their return.”