New York International Gift Fair’s Recent Show Grows Past Recession

August 29, 2012

George Little Management’s New York International Gift Fair has beat the recessionary retail blues and posted strong numbers for not only the size of its showfloor, but also saw a boost in the pace of its sales activity.  

 

The show, held Aug. 18-22 at New York City’s Jacob K. Javits Convention Center of New York and Passenger Ship Terminal’s Piers 92 & 94, was the largest one since 2009, according to show officials, with 545,000 net square feet of exhibit space across the three venues.

 

Total overall NYIGF attendance of 33,000 represented retailers from all 50 states and 85 countries, with the largest numbers of international visitors hailing from Canada, Japan, Mexico, Brazil, Columbia, Australia and the United Kingdom.

 

“Expectations for the summer market not only have been met, but also have been exceeded,” said Christian Falkenberg, NYIGF director and GLM vice president.

 

He added, “Exhibitors are reporting solid and consistent order writing through the entire show.”

 

Exhibitors’ concerns about slow sales during the summer season were assuaged once the show opened.

 

“This was a great show for us on many levels. Traffic was up, and it’s apparent the market is coming back,” said exhibitor Sion Benchimol of Prestige Identity.

 

Benchimol added, “The quality of buyers was also great. They come, they look, they order ... they know what they’re doing.”

 

The recent NYIGF also featured the second annual return of the Gourmet Housewares Show, which was sold out with 175 companies.

 

Another NYIGF highlight was the launch of the new Emerging Designer Maker Platform in NYIGF’s Handmade Designer Maker division.

 

This “incubator” showcase introduced four new American artisans, presenting a range of multimedia products, including home décor accessories, kitchen tools and personal accessories, to the New York market.

 

GLM also launched the Artisan Resource, a trade show for connecting U.S.-based volume importers with overseas artisanal producers and production resources.

 

The event, which was held concurrently with NYIGF at Passenger Ship Terminal’s Pier 92, featured some 40 exhibitors and attracted more than 4,300 attendees during its three-day run.

 

Besides the showfloor, there also were more than 50 other activities for attendees and exhibitors to take part in, including educational sessions, industry social events, product awards and feature displays.

 

Educational seminars, sponsored by industry publications and associations, addressed design and color trends, importing and fair trade, sustainability, social media, digital marketing and retail strategies.

 

Industry events included the 61st Annual Retailer Excellence Awards and the NYIGF’s sold-out “Night on Broadway” featuring EVITA.

 

The biannual NYIGF will return Jan. 26-30 in New York.

 

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.