Winter 2014 Las Vegas Market starts strong
Home Accents Today Staff -- Home Accents Today, January 28, 2014
Show organizers say the winter 2014 Las Vegas Market is poised to be one of the most successful in its eight-year history thanks to an influx of new exhibitors, record high pre-registrations among buyers and an improving economy. The show kicked off Jan. 26 and runs through Jan. 30.
The market has added 1.1 million square feet of new and expanded showrooms in the past two years across furniture, home décor and gift categories. More than 2,224 total exhibitors and lines now fill more than 5 million square feet of space in three buildings. Seventy of those exhibitors are hosting ribbon cutting ceremonies this week.
"The operative words are new and evolved. The sheer growth of new exhibiting companies over the last two years has dramatically changed the landscape of Las Vegas Market," said Robert Maricich, CEO of International Market Centers. "We have reached a critical mass of exhibitors, strategically focusing on complementary product categories and organizing like-minded companies together. This evolution -buoyed by a healthier economy - has created a renewed confidence in Las Vegas Market.
"And, we see a new kind of demand forming among buyers, especially those who may have visited Las Vegas Market in the past and who are eager to experience its transformation. This demand is evidenced with an unprecedented increase in pre-registered buyers and designers; it is likely we will have our largest market ever."
In its first official weekend opening day, the winter 2014 Las Vegas Market ushered in nearly 300 new furniture and home décor brands and 900 new gift lines.
Within the furniture category, 600,000 square feet of permanent space has been leased to furniture manufacturers over the past two years, resulting in a 96.4% occupancy on the 21 floors that carry furniture and mattress lines. Seven new bedding-related sources joined Las Vegas Market this week.
Organizers report that temporary exhibits are experiencing record increases, with 340 temporary gift and home décor exhibits showcasing in Building C, a 10% increase over last year. The 35,000-sq.-ft. temporary exhibit area on B2 is also completely sold out, with 80 home furnishings lines showing.
Exhibitors said they were enthusiastic about day one of Las Vegas Market and have strong expectations for the week.
"The showroom has been busy all day," said Patty Price, executive vice president of sales and marketing for Arteriors. "Today we hosted our Barry Dixon Brunch featuring his new collection and we had a really positive response from press, bloggers and buyers. We are looking forward to what the rest of the week holds."
"Traffic has been steady and we're pleased with our sales so far," said Josh Jarboe, national sales director for Global Views and Studio A. "Typically we see a lot diversity of buyers coming to this market - and that's on track today with a strong Canadian presence all the way down to buyers from the tip of Florida. And of course the West Coast is well represented here."
"The first day of market has been very productive," said Christie Connick, senior account executive of Michael Aram. "We've seen existing customers as well as new customers from the West Coast. Buyers have responded well to the new opening day, traffic has been strong and we're looking forward to the rest of the week."
Critically acclaimed interior designer and author Barbara Barry will be honored today as the 2014 Design Icon. Barry's portfolio ranges from elegant interiors to an extensive selection of home furnishings.
The remainder of the show will also feature complimentary breakfasts, nightly courtyard receptions, cocktail parties, showroom events, ribbon cuttings, lectures and book signings with top design personalities.