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Hot Trends and Trade Shows
Trends change, but the keys to success do not.
by Mike Hartnett (January 17, 2005)
(Note: While performing my annual end of the year computer
cleanup, I came across an article that was written for the ACCI
website just before the 2003 show. While re-reading it, I realized
that with only minor updates, what I wrote then is relevant for the
upcoming 2005 CHA show.)
The 2005 CHA winter show is almost upon us. It will be my 26th,
and I predict I will hear two major complaints. I’m predicting
this because I’ve been hearing versions of these two complaints at
every show I’ve ever attended.
"It’s become a scrapbook show." Well, no doubt there
will be a lot of scrapbooking, stamping, and related paper crafts at
the show for one good reason: memory is hot.
Back in 1980, the version of that complaint was, "It’s
become a macrame show." That was followed by, "It’s
become a cross stitch show," and then "It’s become a
wearables show."
These complaints are and were made by folks not involved with
scrapbooking, macrame, cross stitch and wearables. Of course, if you
stay in business long enough, sooner or later you will be out of the
hot-trend loop, but that shouldn’t matter. Regardless of what the
biggest trend is, there will be hundreds of buyers at the CHA show
looking for products to boost the other categories in their
store.
Would they like to find some hot new scrapbook items? Of course,
but what they really want most are new items for hard crafts, kids,
decorative painting, needlework, florals, and so on.
And the best new product of them all would be something that not
only sells, but boosts the sales of products the buyers already have
in their store.
Years ago I walked an ACCI show with an excellent independent
retailer. He told me what he was really looking for was products to
help sell his existing inventory. "I don’t have room for some
enormous new category. I want items to help what I already
carry."
Which brings me to complaint #2: "There’s nothing
new." Well, there may not be the next scrapbooking at the show,
but I can almost guarantee buyers will find lots of new items,
lines, and line extensions.
I always hear the "nothing-new" complaint. But I never
hear that from really successful retailers. For example, for years
now I have tried to get together halfway through the last day of the
show with Jim Bremer, head of The Tall Mouse. We meet for coffee or
lunch and I just sit there, listen, and take notes as Jim and his
staff go on and on about all the wonderful new items they’ve seen.
Successful retailers find the great new items; that’s one
reason why they’re successful. If you walk the show and conclude
there’s nothing new, then you haven’t looked carefully enough.
Scrapbook retailers should also be wary: If they think all they
need to do is visit the scrapbook and new exhibitor sections, they
will miss lots of products with real profit potential for their
stores. They need to walk the entire show for two reasons: 1.
Many vendors who are in the other sections – craft, painting,
needlework, etc. – are offering products for scrapbooks. 2.
The embellishment trend in scrapbooking has now turned many
traditional craft and sewing products into potential scrapbook
products. So "craft" products that two years ago would not
have been relevant for a scrapbook store now are very relevant.
In other words, don’t listen to the complainers. There will be
lots of potentially profitable new products for everyone. And lots
of buyers for every vendor.
And always, wear comfortable shoes.
(Note: To read previous "Benny" columns, click
on the titles in the right-hand column. To comment on trade show
issues – or any industry issues, email Mike at mike@clnonline.com.)
xxx