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A billion dollar boon: 100 years of high point furniture market

Saturday, April 25, 2009
(Updated 6:17 am)

HIGH POINT - Over the past century, the furniture market has put this city on the map.

The semiannual event, which marks its 100th  anniversary today, has turned High Point into an international destination, dominated its downtown with acres of showrooms and pumped billions of dollars into the local economy.

In the process, what is now called the High Point Market  has evolved into the largest furniture industry show in the world and become what some consider the state’s most lucrative event ever.

“All I know is that it’s damn big,” said Andrew Brod , director of the Center for Business and Economic Research at UNCG . “It is hard to think of another event that has had the economic impact over the past 100 years.”

Every April  and October , more than 2,000  makers of living and dining room furniture, upholstered pieces, accessories, lighting, rugs and bedding introduce new merchandise here.

And home furnishings dealers, architects and interior designers come to town to see and buy the products at wholesale. The market is not open to the public.

The scene plays out in 12 million  square feet of showrooms scattered in 188  buildings.

As many as 85,000  people take part, although attendance will probably be down this spring because of the recession.

In the past, according to Brod’s analysis, the market has boosted North Carolina’s  economy by $1.15 billion  a year, producing nearly 12,800  jobs in the process.

All in what former Mayor Roy Culler Jr.  once called “a hick town.”

That’s why Atlanta and Dallas have tried to lure the market away. And why Las Vegas  wants to do so now.

“Over the years, people have thought ... how can a market be any good when it is in such a small town,” Brod said. “That in many ways has been a blessing and a challenge for the town.”

The furniture market came to High Point because the furniture industry began migrating to the area in the early 1900s  and because local manufacturers wanted their own exposition space.

In less than 50  years, the market moved from New York  to Grand Rapids, Mich. , to Chicago  and then to High Point.

“There’s a very logical reason (why) the furniture market is in High Point,” said Richard Hargrove , an associate professor of business at High Point University . “It’s the center of the furniture industry.”

The market had come to the right place.

“It was in several right places,” Roy Briggs , unofficial historian for the American Furniture Hall of Fame , said of the market. “We just eventually became righter than anyone else.”

The market’s history hasn’t been smooth.

It survived a slow start, a Depression  and several recessions; two  world wars; shifts in styles and tastes; name changes; foreign imports; a decline in local manufacturing; traffic congestion; insufficient parking; a shortage of hotel rooms; showroom sprawl; price gouging by restaurants, hotels and rental car agencies; inflated attendance numbers; and, for a time, a lack of appreciation by its host city.

But even as furniture leaders wrestled with these and other issues, the market grew into a spectacle, attracting hundreds of media representatives, celebrity designers and wide-eyed visitors.

Harold Hart  of Hart Furniture Co.  in Siler City  remembers his first trip to the market back in the mid-1960s .

“I was just wowed,” Hart recalled. “I was just overcome by the magnitude and all the furniture.

“It’s still impressive now. Anybody that has any significant impact on the furniture industry is there. The High Point market is a world market.”

And furniture leaders and city officials want to keep it that way. That’s why they’re so concerned with the threat from Las Vegas.

But Brian Casey , president and CEO  of the High Point Market Authority , lists a different worry.

“The economy is the biggest threat,” said Casey, whose organization oversees the market’s operation. “It is an issue that many businesses are facing right now.”

Over the past 15  months, the recession has hit the industry hard. During that time, 17  furniture plants in North Carolina have closed and another nine  have experienced layoffs.

Those closures include nearly 800  jobs lost in March  at Broyhill Furniture Industries  plants in Taylorsville  and Lenoir , 350  at Stanley Furniture Co.  in Lexington last September  and 300  at Furniture Brands International  in Greensboro  last August .

In addition, 66  furniture and home furnishings stores closed across the state.

But others say the economy will eventually recover. And regarding the threat from Las Vegas, most believe High Point will continue to host the furniture market well into a second century.

The reason, market observers say, is the local presence of so many furniture company headquarters, industry associations, trade publications, photo and design studios and material suppliers.

“High Point is the intellectual capital of the furniture industry,” Brod said. “In a sense, the brains of the industry are here.”

Richard Bennington  chairman of High Point University’s home furnishings and design department , goes even further. “As long as the market is important to the sale (of furniture,” Bennington said, “I don’t see anyone who can dethrone (High Point) as the largest.”
 

Contact Donald W. Patterson at 373-7027 or don.patterson@news-record.com
 

Accompanying Photos

H. Scott Hoffmann (News & Record)

Photo Caption: The furniture market in High Point marks its 100th year.

WANT TO KNOW MORE?

To read a time line of the furniture market’s milestones, visit www.high pointmarket.org and click on High Point Market: A Historical Perspective.

Comments

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Lakeshia

April 25, 2009 - 6:55 am EDT

If it's such a big success and so wonderful why do they have to use some of my tax money to fund it ??? I'll be glad when it dries up and blows away! I've been to High Point and I've been to Las Vegas and I'm hard pressed to understand why when given the choice of a week in High Point or a week in Vegas any sane person would choose High Point. Viva Las Vegas !!!

superwoman

April 25, 2009 - 10:55 am EDT

Lakeisha,

i have seen you respond to many articles and to sum it up it seems you are anti-High Point and anti many other issues that benefit so many of us High Pointers but it makes me wonder...do you benefit from the DSS benefits that are provided, food stamps, housing, WIC, medicaid, etc ...just curious....

atticusfinch

April 27, 2009 - 9:33 am EDT

The Market uses your tax dollars for the same reason that your tax dollars are used to promote tourism in the mountains and at the North Carolina beaches. The Market creates jobs in the hospitality industry and in the furniture industry and produces far more tax revenues for the State of North Carolina and for Guilford County than are spent by the State. If the Furniture Market were to move to Las Vegas, the loss would be felt throughout the Triad, not just in High Point because marketgoers frequent restaurants and stay in hotels in Greensboro, Winston-Salem and as far away as Raleigh. Exhibitors use the services of local businesses such as painters, carpenters, carpet layers and others, and they employ numerous day laborers to set up and take down exhibits. Do you really want to lose those tens of millions of dollars in employment taxes, sales taxes and hotel taxes to Las Vegas? North Carolina has already lost the furniture manufacturing to China and the results are evident in the double digit unemployment figures in the traditional furniture manufacturing counties such as Davidson. Without the Market, High Point would be a ghost town, and residents of Greensboro would be forced to make up the loss of property tax revenues as property values in High Point plummet. The only other thing that the State of North Carolina really needs to do promte the Market is to legalize gambling in High Point.

danleehill

April 25, 2009 - 9:42 am EDT

Well Lakeshia, If you hate high point so much, why don't you move to Vegas. We don't need people like you here no-way!

justaguy46

April 25, 2009 - 11:58 am EDT

If the product a company is producing requires a credit-card or bank-loan, bankruptcy is sure to come knocking at their door. The Big-3 Automakers and Fancy Furniture may as well accept the fact they are headed for the history section of wikipedia. It would be a good idea to take lots of pictures this year, it will most-likely be the last.

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