News About Furniture and Home Accessories
Mixed signals have emerged from a new survey on the furniture industry. Although net new orders in the first seven months of 2022 are down 39% from last year, the decline has slowed considerably since the summer. The survey was conducted by Smith Leonard, an accounting and consulting firm.
The International Furniture and Home Accessories Fair are returning in 2022 for its sixth edition. It will take place from August 31 to September 3 at the Saigon Exhibition & Convention Center at 799 Nguyen Van Linh Parkway in District 7 City. It will feature over 1,000 booths, 15,000 square meters of exhibition space, and 170 Vietnamese enterprises. The next edition of the VIFA EXPO will be held in 2023, as well as in 2024 and 2025.
The VIFA EXPO first opened in 2008 with 500 booths. Since then, it has grown to nearly 2,400 booths. According to the HAWA Corporation, the fair has welcomed almost 2,000 international visitors. Of those, about 79 percent of the visitors are foreign nationals. Khanh Xuong Company's production manager Tran Van Quang has attended the fair seven times since 2013. He has signed several new export orders at the fair and is looking forward to the fair in 2023.
The VIFA EXPO is one of the most important trade fairs, featuring products from both domestic and international furniture and home accessories manufacturers. The event is also a great place to network with local furniture industry members and learn about the latest trends and products. This trade fair has been a success since its inception and has grown to be the largest furniture event in the country.
The VIFA EXPO was scheduled to take place from March 9 to March 12. However, it has been rescheduled for the summer. While international flights to Vietnam have resumed, quarantine time is still a big concern. Visitors have to undergo quarantine for three to seven days in order to gain entry.
Ashley Furniture Industries has announced that it will close a distribution center as of November 15. The company has stated that it plans to consolidate operations with its other manufacturing plant in Advance and will give affected employees opportunities to work at the new location. The company also owns 32 retail stores, including seven in the Charlotte area.
The plant will produce a variety of products for the retail and commercial markets. The company has stated that it plans to create a new business model by expanding its offerings, targeting a younger and renter market. Additionally, the company plans to improve its packaging system and make delivery times quicker.
The company is also looking to hire 100 new employees for the Advance facility in 2020. The company said that the company was working quickly to fill these positions. The facility currently produces more than 500 SKUs and produces over $50 million per year in sales. It also planned to expand its product line at the Advance plant.IFA-EXPO 2019 was held from 6-9 March 2019 and welcomed over five hundred and twenty international exhibitors from 21 countries. In total, the event attracted more than 123,000 visitors from 104 countries and territories. The next VIFA EXPO will be held for four days from 08. March to March 11, 2023, at the SECC.
VIFA-EXPO has grown significantly since its first edition in 2008. In 2018, over 2,000 visitors registered for the fair. Of these, 79 percent were international visitors. This year, the event has expanded to cover over 15,000 square meters. At the end of the fair, more than 1,400 exhibitors are expected to participate, including many new international companies.
Mixed signals have emerged from a new survey on the furniture industry. Although net new orders in the first seven months of 2022 are down 39% from last year, the decline has slowed considerably since the summer. The survey was conducted by Smith Leonard, an accounting and consulting firm. The International Furniture and Home Accessories…