Vegas dates a challenge
Exhibitors face back-to-back markets
By Heath E. Combs -- Furniture Today, November 16, 2008
LAS VEGAS — The Las Vegas Market's decision to move its second show in 2009 from July to September is raising questions and concerns among exhibitors who show in both Vegas and High Point.
While market organizers say the later date will be more convenient and comfortable, and should draw more buyers, some exhibitors worry that retailers won't go to two major markets so close together. The new Las Vegas dates are Sept. 14-17 and next fall's High Point Market is slated for Oct. 17-22.
In interviews with Furniture/Today, several exhibitors who show at both markets said they believed the move would reduce the number of key buying opportunities for retailers from four a year to three.
Some also said the new dates would pose a logistical challenge, especially if product samples have to be moved from Las Vegas to High Point in just a few weeks.
Several said they received little notice of the change before Las Vegas announced it. Some also said they felt they were being forced to choose between High Point and Las Vegas.
Bob Maricich, president and CEO of World Market Center, has a response to such comments: Give us a chance.
“We have not had a market in September. We're a year away,” he said. “It increases my resolve and our team's resolve to have just an absolutely exceptional market and extraordinary experience for everyone who attends.”
Moving the dates will make the market more convenient for buyers and the weather will be cooler, he said. Market officials also said they expect more buyers to attend a September show than would come to a July one.
Maricich said a majority of the WMC's board of advisors — made up of exhibitors — supports the move. He said some exhibitors who oppose the move may simply be averse to change.
One exhibitor with a big presence in both High Point and Las Vegas is Lexington Home Brands. Phil Haney, president and CEO, said the company did well at this year's July market in Vegas, drawing 7% more traffic than it did in January.
“We had a huge January market and an even better July market,” he said. “We came back in July in a new space when we knew the economy was difficult and we were extremely pleased.”
But Haney said the planned move to September would not be in the industry's best interest, calling it “one more challenge we don't need.” East Coast dealers represent the largest segment of the home furnishings business and won't travel to Las Vegas and then High Point a month later, he maintained.
Lee Fautsch, vice president of sales, home furnishings at Flexsteel, which shows at both markets, called the date change “terribly problematic.”
“This will not be good until one (market) or the other delivers a knockout punch,” said Fautsch. “One thing we do like about these market dates is that we are hoping that this will end the stalemate and that this will force a decision to be made by manufacturers and by customers to more clearly define the importance of these markets.”
Brian Edwards, president of California-based Fairmont Designs, said it's likely his company will have to make two sets of product samples, one for each market. It will have no time to make changes for High Point based on the reaction it gets in Vegas, he said, adding, “This decision puts a crunch on everybody.”
Crystal Nguyen, vice president of products and marketing for Seattle-based dining and bedroom supplier A-America, said her company — a longtime Las Vegas exhibitor — will continue to have new product at each market in 2009.
But officials at several companies showing at both markets indicated they'll focus their fall intros in High Point next year because most have larger showrooms there.
Vaughan-Bassett shows at both venues and also is a sponsor of the High Point premarket, at which dozens of exhibitors show prototypes of new product to dealers about a month before each market. Next September, High Point's premarket could overlap the new Vegas dates.
Virginia-based Vaughan-Bassett won't introduce product in Vegas next year, said Doug Bassett, chief operating officer. Instead, it plans instead to show High Point intros at the following Las Vegas Market as available for immediate shipment.
“Our showroom in High Point is four times the size of our showroom in Las Vegas, so we'll introduce our new product in High Point. The other factor is we see 99 of our top 100 accounts in High Point, so it's the natural place to introduce new product,” Bassett said.
George Revington, president and CEO of Home Meridian International, parent of High Point-based SLF and Pulaski Furniture, said the new dates could mean less opportunity to be in front of his customers.
“In effect, we had four chances to visit with our customers. Now that is reduced to three, but the costs are the same,” he said.
Revington also said that his company will continue to support premarket in High Point and will introduce most of its new goods in High Point.
That sentiment was echoed by Ultimate Accents President Ray Steele. “Nobody has a big enough showroom to show all their introductions and product in Las Vegas,” he said.
Steele said the date change also could make it harder to take advantage of the incentive that High Point's International Home Furnishings Center offers to encourage companies to bring product into showrooms early. Goods can be brought in 30 days prior to premarket for no cost, but after that, a per-piece charge is added.
Retailers who shopped A.R.T. Furniture at last month's High Point Market don't like the Las Vegas date change, said Ed Grund, CEO. He said the move from July to September means that retailers will no longer be able to order new product in Las Vegas and have it available to sell in the fourth quarter.
Randy Chrisley, president and CEO of case goods source Universal Furniture, informally polled retailers in High Point and found that they aren't likely to go to both markets if they are just 30 days apart.
“It will put us in a really difficult situation,” he said. “We will have to go where the dealers are, but I think that very few will go to back-to-back markets.”
Ron Wanek, chairman of Ashley Furniture, said he thinks most buyers will now choose one market or the other — September in Las Vegas or October in High Point.
“I really don't care. It's whatever the dealer wants is what I care about,” Wanek said, adding that Ashley will support any markets that its dealers attend.
Larry Rinaldi, president of California-based AICO, said several retailers told him the date change created schedule conflicts, including some involving overseas shows. A round of markets in China will take place from late August to mid-September next year.
AICO will juggle the logistics but still plans to have fresh, compelling product in both Las Vegas and High Point, he said.
“The bottom line is that each retailer will have to make his or her own decision regarding which shows they will attend,” Rinaldi said.
Editor-in-Chief Ray Allegrezza, Senior Retail Editor Clint Engel and Associate Editor Thomas Russell contributed to this story.
Congratulations to Las Vegas Market (Part 2)
08/17/2009Vendors juggle shows
09/06/2009Las Vegas Market dates pose a challenge
11/18/2008The Tale of Two Markets
09/16/2009
