Monthly Archives: August 2022
Despite significant headwinds due to bloated wholesale and retail inventories, high gas prices and fears of a recession, last week’s Las Vegas Market was an upbeat event that included – to the surprise of many observers – a decent amount of order-writing.
Granted, most exhibitors (especially furniture showrooms) described showroom traffic as light to moderate, but we were told that those who did show up were primed to buy.
“Demand is not the problem. Inventory is the problem,” one exhibitor said bluntly. “Dealers still need new product to sell.”
Attendance appeared to be strong from retailers west of the Rockies – many of whom don’t shop the High Point Market – and several exhibitors noted that quite a few major retailers from the Midwest and Eastern U.S. returned to th