To serve as the center of commerce for the furniture, gift and home décor industries, bringing buyers and sellers from the global marketplace together in the most effective, efficient and compelling venues. Our company provides exhibitors with unrivalled access to buyers and buyers with unparalleled access to resources. Through experience and exceptional service, the IMC team delivers Markets that create value and growth opportunities for our partners.
In May 2011, an event unprecedented in the home furnishings, gift and home décor industries occurred when a new company, International Market Centers, L.P., was formed to create the world’s largest network of premium showroom and exhibition space in these industries. IMC announced an investment of more than $1 billion to unite iconic showroom assets in High Point, N.C. and Las Vegas and create an effective, efficient and compelling world-class business-to-business platform for both buyers and sellers.
International Market Centers has successfully integrated four companies into one organization with best-in-class talent, elevated the service standard for market experiences on both coasts, and added a significant number of new industry leaders as tenants to its properties—creating the most coveted venues in the marketplace. IMC remains focused on its mission to build and operate an innovative, sustainable, profitable and scalable platform where the home furnishings, gift and home décor industries will thrive.
IMC is committed to offering manufacturers significant cross-category business opportunities, which includes attracting additional traffic from international buyers, enhancing marketing efforts and creating new distribution and sales channels. By bringing together premier properties on both coasts, IMC is the ultimate business marketing stage for furniture, home décor, and gift commerce. The integrated platform offers access to the most attractive buyer base from across the country and world, in compelling market experiences that IMC’s dedicated team delivers by working in close partnership with exhibitors.
In early 2013, IMC underwent a multi-million dollar capital plan for building improvements and infrastructure to enhance the market experience across the 6 million square feet of showroom space IMC owns and operates in High Point. This multi-million dollar initiative brings IMC’s buildings to the highest operational efficiency and enables IMC to deliver premium service to its valued customers and guests. Among the investments is a $1 million investment in enhanced WiFi service in IMC lobbies and exhibit areas for this market. In addition, the company has invested in a unified marketing strategy for the High Point properties—“The Center of Market. The Heart of Your Business.”—which showcases IMC properties, highlighting the diversity of products and demonstrating the benefits of leasing and visiting IMC properties during market. For more information, visit www.imchighpointmarket.com.
In Las Vegas, IMC is executing a strategic evolution designed to firmly position Las Vegas Market as the most comprehensive buying platform in the western United States. The three-phase plan will afford buyers and sellers new opportunities in the furnishings, gift and home décor channels across the 5 million square-foot World Market Center Las Vegas campus. Buyers and exhibitors alike will benefit from a re-merchandised, reinvigorated marketplace that will deliver a greater concentration of complementary resources in each building—ultimately providing a more effective, efficient experience for market participants.
World Market Center’s Buildings A and B, along with the top floors of Building C, will present Las Vegas Market’s furniture, mattress, interior design and hospitality design resources. Las Vegas is equipped to be responsive and relevant for today’s cross-category lifestyle buyers and suppliers—delivering Today’s Total Marketplace—with thoughtfully-designed buildings and opportunities to facilitate cross-over commerce. For more information, visit www.lasvegasmarket.com.
Over the last year, the leasing momentum on both coasts has been remarkable with occupancy growth among leading manufacturers and trend-setters. IMC expects to attract more leading brands to IMC properties as a result of the strong value proposition on both coasts. In High Point, home furnishings companies can benefit from being positioned in THE heart of the High Point Market with unrivaled marketing support to drive buyer traffic; and in Las Vegas, manufacturers will see unique buyers and drive incremental business in an increasingly vibrant market experience.
IMC’s portfolio encompasses more than 11.5 million gross square feet and includes the World Market Center Las Vegas campus, as well as the International Home Furnishings Center (IHFC), Showplace, Showplace West, the Market Square and Suites complex, including the National Furniture Mart, Furniture Plaza, Plaza Suites and 200/320/330 North Hamilton, among others, in High Point. In addition, IMC operates the Las Vegas Design Center, a year-round resource open to both the design trade and consumers that is comprised of more than 40 showrooms and hundreds of designer brands.
IMC is majority owned by funds managed by Bain Capital Partners and a subsidiary of certain investment funds managed by Oaktree Capital Management, L.P. Related Companies, Bassett Furniture Industries (NASDAQ: BSET) and affiliates of Network World Market Center are also investors in the company.