Whom You Know: #ChezPeachy #GorgeousGiftsforMrandMsImpossibletoShopFor Special Announcement from IHA President & CEO #DerekMiller #President&CEO #InternationalHousewaresAssociation

Wednesday, October 9, 2024

#ChezPeachy #GorgeousGiftsforMrandMsImpossibletoShopFor Special Announcement from IHA President & CEO #DerekMiller #President&CEO #InternationalHousewaresAssociation

As told to Whom You Know:

With The Inspired Home Show scheduled to open five months from now, I wanted to share a mid-year report detailing what’s happening at IHA and within the industry:

New Board of Directors

Each fall, new members are selected to serve on the IHA Board, and this year we have an exceptionally strong lineup with the additions of Alex Gransbury from Dreamfarm, Lauren Greenwood from YouCopia, Henry Liu from Cangshan Cutlery, Pamela Stafford from Hestan and Kelly Walsh from KitchenSupply. In addition, two current board members have moved onto IHA’s Executive Committee – Kim Cole from Gleener and Mike Hayes from Newell Brands. The IHA Board steers the direction of IHA and the Show with the ultimate goal of strengthening the industry. The entire list of IHA board members can be found on IHA’s website.

Exhibitors

By the time the Show opens in March, well more than 1,000 companies will exhibit bringing thousands of brands and products including new brands and products not seen last year. A few notable names making a return to the Show or debuting for the first time include Corelle, Corning Ware and Chicago Cutlery, all found within the Anchor Hocking booth; others include Bodum, iDesign, Bormioli Luigi, Regal Ware, Vacane Home Concepts, Azzure Home, US Merchants, Anova Culinary, Dualit and Arovo.

New Categories

We’re also excited to be developing new categories at the Show to create distinct destinations for buyers. In partnership with the National Candle Association, the Show will feature a Candle Pavilion including both large and small suppliers. Located nearby in the South Hall, in partnership with the American Pet Products Association, a Pet Products Pavilion is being developed with a strong focus on higher-end and giftable products.

The new Travel Gear + Luggage Expo will bring together a curated collection of leading travel goods suppliers anchored by notable brands including Bugatti, Dejuno, Olympia Luggage, Travelon and Traveler’s Club Luggage.

Although held in years past, the 2025 Show will see an expanded “Debut” section, which is dedicated to new and emerging companies with newly released products. Twenty-four companies will now have the opportunity to showcase their brands and products to the industry.

Economic and Sales Outlook

We just completed the annual CHESS conference where the industry comes together for networking and executive education. A highlight each year is a presentation by Circana, and Lora Morsovillo and Joe Derochowski provided a detailed review of and an encouraging outlook for our industry. U.S. kitchen electrics grew a modest 0.7% while housewares declined 2.8% through July compared to last year, which is likely not surprising to many IHA members given your own sales experiences. What’s important though is the longer-term outlook that predicts an overall even 2024 and 2025 followed by growth in 2026 and beyond.

Digging deeper into the data, the industry experienced incredible growth in 2020 and 2021 as the country sheltered at home, and as Joe once said, “You spend your money where you spend your time.” He described these years as a “pull forward” stage when consumers purchased products earlier than the normal buying pattern would dictate. This was followed by 2022 and 2023 when the industry saw related decreases with slower than normal sales and the challenges of over inventory. 2024 and 2025 are recovery periods when the industry is beginning to recover and make a comeback as we hit the replacement phase for many products, which begins about four years after initial purchases. What’s exciting is the growth projected for 2026, as we continue with replacement in addition to lower interest rates, which lead to increased home sales & kitchen remodels and growth in the number of people hitting key life moments, which are a catalyst to sales.

The 2025 Show in March is positioned at the end of the first quarter of the year and is used by buyers to find products that will hit shelves later in the year and into 2026 – the Show’s timing is well placed as it sits toward the end of the recovery period and at the beginning of a period of growth.

125th Show

IHA’s predecessor, the House Furnishings Manufacturers Association of America (HFMAA), held its first Show in 1939 at the Palmer House hotel in Chicago. Until 1992, there were two Shows a year with one held annually in Chicago and the second rotating among Philadelphia, Atlantic City and Atlanta.

The Inspired Home Show 2025 will be the 125th Show that the Association has operated, which is quite an accomplishment! Over the past 80+ years, IHA through the Show has helped launch and grow brands from infancy to legacy. We’ll celebrate these milestones at the Show and will share additional interesting stories about our rich history in the months to come!

For those of you already planning to participate at the Show next March, thank you. And for those considering attending, please know that you’re welcome to make IHA and the Show your home – we’d love to work with you to help you succeed within our dynamic marketplace. Those interested in exhibiting should contact Nancy Michael, and those interested in attending should contact Sean Daly, both of whom would be happy to answer any questions that you may have. To receive an entrance badge to attend the Show, attendee registration is open on the Show’s website.

We’re looking forward to seeing you in Chicago next March!

Derek Miller

President & CEO

International Housewares Association

Recent Testimonials by Brand Ambassadors on their Experience with Whom You Know

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