Retail Observer

April 2024

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

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RETAILOBSERVER.COM APRIL 2024 6 Moe Lastfogel moe@retailobserver.com Moe's Musings Views Happy Retailing, We proudly support the following trade associations and buying groups throughout North America whose news and information greatly contribute to the quality of The Retail Observer and the education of our readers. www.asid.org www.cedia.net www.dpha.net www.feigroup.net www.htsa.com www.cta.tech www.cantrex.com www.unitedservicers.com www.NKBA.org www.necoalliance.com www.psaworld.org www.prosourceinfo.com THE RETAIL www.nahb.org www.natmcorp.com Follow us on: Join us at: Become a Fan: www.NARI.org nationwidegroup.org www.aham.org www.rtohq.org www.joinbrandsource.com I n February we celebrated KBIS's 60th Anniversary. Wow, what an event. Combined again with IBS for the 10th Design & Construction Week, the show was over the top. Over 117,000 attendees and 260 new vendors made it difficult to see everything, but I got my steps in for sure. The booths were amazing, as everyone tried to outdo themselves from the previous year and I was impressed with some of the new products that were launched. You will see these new products featured over the next few months in our Industry News section. As I write this, I am still recovering from the event, and you can read the full recap of the event on page 8 of this issue. March was the time for Buying Group Shows, and the events were awesome! Nationwide kicked off first in Las Vegas, followed by BrandSource also in Las Vegas. During NMG's show, the tempo was upbeat, and buying was at a frenzied pace. Many manufacturers introduced new products. In general, every vendor and dealer I spoke with was very excited to see what the rest of the year has to offer. During the PrimeTime Expo, the Palooza was held, a 90-minute buying frenzy where dealers can secure some of the best deals of the year at hard-to-beat pricing. During the event, Palooza also presented hours of valuable education and training, and insightful panels and industry updates that provided opportunities for independent retailer members to work on their businesses. As usual, the BrandSource event was also extremely busy. Outdoor Source has grown tremendously as well as their home integration and electronics division. The Summit agenda was a gangbuster cluster of product trainings, region meetings, and education sessions, including dedicated tracks for the group's AVB Marketing, ServiceSource, Furniture Technology Source, and HRSource arms. Other highlights included Town Halls for servicing members and home furnishings dealers; a first-time service manager certification program at Summit; and the much-anticipated show-special Stampede and new product EXPO. Events coming this month are High Point Market, Eurocucina/Salone del Mobile, Coverings, and the HD Expo. We will have recaps of these events over the next few months. As always, you can visit our events page at www.retailobserver.com/2024-year-at-a-glance.html to see what is coming up. tribgroup.com KBIS 60TH ANNIVERSARY & BUYING SHOWS BRING OPTIMISM FOR A BRIGHT FUTURE

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