In sports, no team can win without a strong bench – the quality of its substitute players. No business can perpetuate itself either without a strong bench, i.e., competent employees ready to fill vacant leadership and other positions.
This year’s recipient of the World Floor Covering Association’s Gold Standard Award for excellence in retailing, Cincinnati-based The Rug Gallery, “stood out from the crowd” of entries, according to D. Christopher Davis, the WFCA’s president and ceo.
As I began to prepare this column, I knew I wanted to continue focusing on the efficacy of using the 2010 WFCA Financial Report for identifying areas in a floor covering business to improve.
When hurricanes are threatening, every meteorologist seems to use the phrase hunker down. I think that is what many retailers have done and are doing in this current economic time.