City officially springs into market Saturday
Home furnishings businessmen Bill Korenich and Jeff Ozyurt come from diverse parts of the United States and serve different clientele, but they shared the same sense of hope about the High Point Market on Friday.
Korenich, who runs an upper-end design studio based in Pittsburgh, and Ozyurt, who owns a wholesale art and accessories business based in Charleston, S.C., separately shared their positive outlooks about the spring furniture market that officially begins Saturday.
Korenich, who runs Ardagh Design, said he already was noting more investment in new designs and products as he toured exhibitor showrooms the day before the formal start of the trade show.
“Things have been so slow for so long. It’s nice to see people remodeling their showrooms and showing something different,” he told The High Point Enterprise.
Korenich said that he hopes the activity that he noted Friday on his first full day at market is a sign that the country continues to move forward from the impact of the Great Recession.
For Ozyurt, who operates a wholesale distributor company called Red Label, his business has begun to receive orders more like the level before the recession.
“It’s not quite there yet, but it’s getting closer,” Ozyurt said in his showroom in the Market Square complex.
Ozyurt, whose business specializes in original art and accessories from Mexico, said he’s optimistic about the potential for orders at the spring market. Many of his customers and business cohorts are noticing a general pickup in the economy.
“The orders to my office are telling me people are buying,” he said.
Though the spring High Point Market begins Saturday and officially concludes Thursday afternoon, trade show commerce already has been taking place in the days leading up to the official start of the trade show.
The national economic picture brightened heading into the spring market with Friday’s release on the state of U.S. labor market.
The Labor Department reported that nonfarm payrolls increased by 192,000 new jobs in March after rising 197,000 in February. The national unemployment rate remained at 6.7 percent in March.
The Labor Department also announced that job creation numbers for January and February were revised to show 37,000 more jobs were created during the first two months of the year than previously indicated.
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The High Point Market, the world’s largest home furnishings trade show, takes place each spring and fall and is the single-largest economic event in North Carolina each year, with an estimated economic impact of $5.4 billion statewide.
The market covers 11.5 million square feet of showroom space and draws approximately 75,000 marketgoers to the city for each trade show. More than 2,000 home furnishings industry exhibitors display products. Upward of 100 countries send representatives to the trade show, which isn’t open to the general public.
Source: High Point Market Authority