15% of the vendors pulling out? That’s a huge percentage.
I wonder if they had to pay a fee and will now lose their money.
Yes, and a small exhibitor is losing $7,000 he had to pay.
Yes, and a small exhibitor is losing $7,000 he had to pay.
yes they lost their reservation deposit
Typical for shows like this, your deposit was in almost a year ago.
Typically, if you pull out this close to the opening, it will be forfeit. But I think these vendors are willing to bank that if they don’t make a stand now, other show organizers will pull the same crpola. (Reason being organizers think they have to cow tow to the local yocals for their show permits.)
Think of it as an “investment.” Vendors are telling organizers “you can’t make a decision like this without risk.”
In Cabella’s case, I’m just guessing here because of course I don’t know, but I think its: “don’t assume you got us by the short hairs just because of a deposit.”
The friction between vendors and organizers can run deep, that I do know for sure.
The article says 175. The last list I saw was 200, and the list is growing.
I read something about Reed Exhibitions making a statement today or tomorrow, but I have not seen it.
>>I wonder if they had to pay a fee and will now lose their money.
I would think that by changing the rules at the last minute that the organizer would be at risk for lawsuits to force them to refund everything.
The should get back their fee, or the amount they would have been calculated to profit on sales at the show, whichever is greater. The promoter changed the product to one of less value to the buyer after the deal was done, so he owes it to them to make them whole. Hopefully it bankrupts them (the organizer).