By: Emily Farris
The city of High
Point, N.C. hosted yet another Furniture Market from April 5-10. Buyers from all over the world showed up to experience the latest
trends in home furnishings.
Demographics
The High Point Spring Furniture Market is known as the
largest furniture industry tradeshow in the world, and this market has proven to
be no different.
Due to the severe
winter weather up and down the east coast, spring market was two weeks earlier
than usual. This caused the High Point Market Authority to be concerned about
attendance, which is the key to financial success.
However, over 75,000 people attended spring furniture market spanning across 100 different countries. According to Tom
Conley, president of the High Point Market Authority, the number of buying companies attending this market was the second
highest since 2007.
“We had our
telemarketing service make over 80,000 phone calls to over 30,000 buyers. That
effort led to a 12.19 percent increase in the number of buying companies that came to
this market, compared to last October,” says Conley.
Spanning across 180
buildings and 11.5 million square feet of show space, this market was able to
debut tens of thousands of new products.
Projected
Economic Impact of the Spring High Point Furniture Market 2014
|
|
Number of job opportunities
|
37,600
|
Furniture Sales Activity
|
$4.2 billion
|
Total Fiscal Impact
|
$538 million
|
Tax revenue for North Carolina
|
$123 million
|
Information
from Duke
University’s Center on Globalization, Governance & Competitiveness study
|
|
An Exhibitor’s Experience
Of the 2,000
exhibitors at spring furniture market, Lee Industries Inc. is one that stands
apart from the rest. The company has been attending market in High Point, N.C. for over 30 years.
The president of Lee Industries Inc., Norman
Coley, explains the company’s recipe for success.
| Lee Industries Inc. Showroom |
“During the
off-season, we make sure we service the customers, build quality products, and
keep them happy so they’ll come back,” Coley states.
As a company
offering sustainable products, it is important that Lee Industries Inc. supports
the local businesses it services in the Triad. Therefore, a campaign supporting
this ideal has come into existence.
“You know, we’ve
got a campaign for 'Lee Loves Local', promoting local businesses and donating to local
economies,” says Coley.
This year the
selections at Lee Industries Inc. appeal to a wide range of generations.
By offering
traditional items, as well as modern pieces, Lee Industries Inc. is expected to
have yet another successful furniture market.
A Buyer’s Experience
The furniture market would be nothing without the thousands of
buyers who attend. The market authority works tirelessly to ensure that buyer’s
will have the best experience possible.
Lisa Mykleby, an
interior designer and business-owner, knows this firsthand. She has been
attending the market in High Point on-and-off for six years.
“There’s nothing
like seeing the products in person. A lot of people don’t think that they
really need to attend markets anymore because everything is available on the
Web, but there’s nothing like seeing it and talking to the people who are
designing it to really get a feel for the ultimate end product,” Mykleby
declares.
Each
year, the market ensures a new and fascinating experience for attendees.
Mykleby was impressed with how technology and home furnishings have come
together to create a new frontier for home décor.
She even went as
far as to say, “I think it’s amazing how they have used technology to create
some fabrics that don’t appear to be waterproof, that actually are…I just think
that’s pretty remarkable.”
It’s
safe to say that the spring market in High Point lived up to buyer’s
expectations.
As the High Point Market Authority states on their website, “If you can’t find it in High Point…it probably doesn’t exist!”
Tour of a Showroom