Winter Las Vegas Market 2013 exceeded expectations as the best attended market in four consecutive years, driven by an influx of both new retailers and exhibiting lines—all against the backdrop of a number of strategic initiatives aimed at enriching the marketplace. Officials with International Market Centers (IMC), who own and operate Las Vegas Market, reported impactful attendance gains amongst retailers across all categories, as well as an increase among international buyers.
"This past Winter Market set new company records for an overwhelming number of manufacturers and contributed to a renewed, positive outlook for the entire industry. I can truly say it was the best Las Vegas Market in my tenure of five years," said Robert Maricich, CEO of International Market Centers. Maricich was thrilled by the optimism he witnessed time and again throughout the week, in particular, the tens of thousands of new products, the high attendance numbers and the widespread order writing. Maricich attributed the optimism to the improving economy and referred to the upbeat attitude as a "force multiplier."
"We're getting a multiplication of better business, people playing to win and better buyer attendance," Maricich said. "With the strength of this Las Vegas Market, recently released positive national housing reports, and clear industry momentum, we feel this bodes very well for a strong Spring Market. What we saw at Market is an encouraging indicator of what's to come in 2013.
U.S. retail attendance was up six percent over a year ago, building on the strongest Las Vegas Market in recent years—with thousands of buyers attending the Winter 2013 show for the first time. International buyer attendance rose five percent year over year, most notably with a 15 percent increase among buyers from Latin America and Pacific Rim, respectively, as well as an eight percent gain in Canadian buyers over a year ago.
Las Vegas Market lived up to its name as ‘Today’s Total Marketplace’ and led retailers into the first major industry event of the year for product introductions and buying in the western United States—attracting retailers from 74 countries and all 50 states. Market officials reported that several key and complementary categories performed exceptionally well at the recent show. The categories of mattress retailers and contract hospitality buyers each increased by 11 percent from a year ago.
Randi Wilson, director of sales for California-based Gotcha Covered, said, “This has been the best of all the markets we have had here. We saw several people from Mexico, Russia, New Zealand that we are going to contact after market. Buyers are more serious and optimistic. Definitely more traffic due to creating a floor of all mattress suppliers.”
In addition to packed showrooms, Las Vegas Market was bursting with energizing events and activities to stimulate buyers and designers. Focused speakers, trend-setting exhibits and networking events helped educate and prepare attendees for a year of optimism and growth.
As thousands of buyers arrived in Building C, they were greeted with a dazzling Emerald City right here in Las Vegas. Emerald was recently named Pantone’s 2013 Color of the Year, and Las Vegas Market’s “Road to Emerald” exhibit, co-presented with Pantone and Houzz, featured products from 40 current and future Las Vegas Market tenants. These three vignettes drove 3,129 page views, 530 users tagged images to ideabooks and hundreds of comments on Houzz.com, in additional to a great deal of social media buzz and showroom traffic. Also, a local Artist Showcase on C3 –first-of-its-kind partnership between IMC and “18b,” a non-profit association representing the Las Vegas Arts District community of artists, designers, and makers—was showcased alongside a dynamic collection of home décor suppliers on C3. Las Vegas is well-known for gaming and other attractions, but the city also has a vibrant community of artists and designers.
More photos are available on the market's online photo gallery.
For more information, visit www.lasvegasmarket.com.
About Las Vegas Market and International Market Centers, L.P.: Las Vegas Market is an international furnishings showcase that combines style, inspiration and productivity in a world-class destination. Situated on World Market Center Las Vegas’ state-of-the-art campus, Las Vegas Market features a comprehensive array of new product from thousands of leading manufacturers and lines in furniture, mattress, lighting, decorative accessories, floor coverings, home textiles and more. Retailers and designers can shop product offerings from trend-setters in all home furnishings categories as well as benefit from complimentary educational, networking and hospitality events. With two markets each year, Las Vegas Market is the only major home furnishings market in the western U.S. offering a cross-section of suppliers and buyers spanning the home furnishings, décor and gift industries.