Rebates & Discounts
First and foremost, Furniture First negotiates the best pricing possible for our Members even if we have to give up rebate points to do so. Rebates are the cornerstone of Furniture First. Merchandising staff, with volunteer Member committees, negotiate rebates in good faith with our Supplier Partners for a percentage of Member purchases made with that specific supplier. We collect these rebates for our Members on a quarterly basis, improving their margins and their bottom lines.
Members receive a rebate check every quarter, deducting their quarterly dues as well a small allocation to fund the operations of Furniture First. The more our Members use Furniture First Supplier Partners for their merchandise, the more money they get back each quarter. Based on the most recent data available, almost 50% of Members’ purchases are with Furniture First Supplier Partners. This is easy for them to do with the wide variety of quality suppliers in our arsenal of programs.
An average Member may pay $3.2 million for their merchandise. If 50% of the merchandise is with Furniture First Supplier Partners, then $1.6 million of their merchandise costs would qualify for a rebate, typically 2%. This means they receive a yearly rebate of $32,000. After dues ($4,000 annually; $1,000 per quarter) and the 20% allocation, Furniture First will return $21,600 back to their bottom line.
|$3.2 Million||Cost of Goods|
|x 50%||Furniture First Suppliers|
|$1.6 Million||Eligible for Rebate|