With Young, Next-Generation Leaders Like Kelly Cassady, the Industry's Future Looks Bright

Passing the Torch: How Three North Shore Entrepreneurs are Preparing the Next Generation to Carry on Their Legacy

The children of Sal Lupoli, Joe Faro, and Ginny Eramo are all stepping into ready-made businesses. But in a way, the odds are stacked against them: According to a widely circulated stat, only around 30 percent of family businesses survive through the second generation. Lupoli, Faro, and Eramo—and their children—are all working to buck that trend. From practicing how to humanely fire employees, to studying other business transitions, to quietly h…

With young, next-generation leaders like Kelly Cassady, the industry's future looks bright

Aside from the impact from tariffs, broken supply chains, supply shortages and price increases, our industry often loses sleep worrying over where the next generation of leaders will come from. Yet many of our leading retailers, including Nebraska Furniture Mart, American Furniture Warehouse, City Furniture, Raymour & Flanigan, Gardner White and others all have bright kids poised to take the wheel and keep those businesses in the passing lane of…