January 31, 2022
Las Vegas Market reports strong performance
Las Vegas Market returned to its customary January timing with strong performance reported across furniture, bedding, home décor and gift and a full roster of thought-leadership programming and industry events at the Winter 2022 edition, Jan. 23-27, 2022, at World Market Center Las Vegas.
“Las Vegas Market is back!” said Bob Maricich, CEO for International Market Centers (IMC). “The buying power, activity and enthusiasm was at a level we have not seen in two years. Outstanding product presentations, engaging programming and the opportunity to come together again made for an unmatched market experience.”
Las Vegas Market grew by 50% over its Winter (April) 2021 presentation. Significant gains were recorded in international attendance, as well as in buyers from the Midwest and Northeast. West coast traffic continued to be strong with heavy attendance from California retailers and designers. Overall, all 50 states and 50 countries were represented at the winter market.
New & Expanded Showrooms
Nearly 40 new and expanded showrooms in addition to thousands of returning lines offered a wealth of resources for buyers and created new opportunities for brands, especially with the design community.
In gift, new showrooms increased discovery opportunities for buyers
“Opening the showroom at Las Vegas Market has been fantastic,” said Karen Alweil, founder and CEO of Karen Alweil Studio, representing 38 gift and lifestyle brands. “We are seeing customers who don’t travel to other markets that we haven’t seen in a long time plus meeting new customers who don’t currently work with sales agencies. I am feeling good about the opportunities that will come from my participation in Las Vegas Market.”
Established exhibitors reported strong shows.
“Tag posted historical and record-breaking numbers at Las Vegas Market and we, along with our respected sales agencies, have momentum as we take our brand on the road for future bookings,” said Chuck Fraelich, president of the gift, home décor and seasonal brand. “The resiliency of the independent specialty customer base is remarkable, and through their efforts in 2021, most are coming off strong fiscal years and they came to market looking for inventory as demand remains strong for 2022.”
Exhibitors in Las Vegas Market’s 400+ temporary booths presented in the Expo and B2 also reported record shows and new accounts.
“The Winter 2022 Las Vegas Market was the best we’ve had in a couple years. We’re happy that everyone’s back and shopping again,” said Dustin Rowser of home décor brand Uber Chic Home, who reported working with “big buyers wanting quantity.”
“About 90% of the orders on our first day were brand new customers that we have never met,” said Candice Cancade, CFO of Lynn & Liana Serveware.
Buying groups and associations had a strong presence at Las Vegas Market including American Society of Interior Designers (ASID), GC (Gourmet Catalog) Buying Group, Museum Store Association (MSA), Zoo Aquarium & Garden (ZAG), The Rental Buying Group (TRIB), Real Deals, PLATIN Latin American Alliance, Fair Trade Federation and Furniture Marketing Group (FMG), which hosted more than 200 buyers for pre-market seminars and at-market buying.
Programming & Events
Buyers enjoyed nearly 30 events with only-in-Las-Vegas programming including an exclusive Juniper-hosted concert by American pop band OneRepublic plus signature programming with the Design Icon Kathryn Ireland as well as cooking demonstrations, designer panels, trend forecasts and more. Notably, Blackstone economist Senior Managing Director and Chief Investment Strategist, Private Wealth Solutions Joe Zidle shared his perspective on the global supply chain, employment/wages and other top-of-mind topics with a gathering of selected industry CEOs.
The newly launched B2B e-commerce platform JuniperMarket had a big presence at Las Vegas Market with a new Experience Center in the heart of the World Market Center courtyard plus an all-new JuniperCommerce showroom and pop-up experiences throughout three World Market Center Las Vegas buildings.
“The excitement of the Winter 2022 Las Vegas Market does not stop here,” added Maricich “It signals the beginning of an exciting season of trade events IMC is hosting in the Expo at World Market Center Las Vegas, beginning with our own Las Vegas Apparel in February and followed by ToyFest West.”
The next Las Vegas Market is July 24-28, 2022, at World Market Center Las Vegas. For more information, visit LasVegasMarket.com.