Business strong at Montreal NAFFEM

SANDY PARKER REPORT, VOL. 30, ISSUE 17, JUNE 12, 2006
The following extract is reproduced with permission from Sandy Parker Reports, Weekly International Fur News. Sandy Parker has been covering the fur industry for more than four decades. For most of that time he has published a weekly newsletter, detailing results of international pelt auctions, wholesale price trends, business developments and movements in the trade, as well as economic and political activities that may impact on it.
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International Fur News
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Business strong at Montreal NAFFEM
A FINAL TALLY OF THE RESULTS AT THE RECENT NORTH AMERICAN FUR & FASHION EXPOSITION IN MONTREAL showed that 73% of the exhibitors met or exceeded last year’s business. This, despite their concerns that intensifying overseas competition and last season’s abnormally warm weather had reduced retailers’ open-to-buy. According to the producer’s official report, some 29% of the exhibitors said they matched last year’s figures and 44% exceeded them. Only 27% reported that their orders were down. Especially important, said the Canada Fur Trade Development Institute, producer of the fair, is that 84% of exhibitors reported that they had opened new accounts at the show. Of these, 69% were U.S. accounts, 25% Canadian and 6% international.
FUR MARKET TIME OPENS THIS WEEK IN NEW YORK, but the annual event that once attracted retailers from around the world has virtually shifted to an entirely different function: a photo op for the fashion press. No longer do fur stores and departments flock to see what New York’s producers are showing for the coming season – they are being replaced by magazine and newspaper editors and photographers with fall features in mind. The shifting pattern that finds more retailers doing their shopping overseas has caused the New York trade to move into a promotional mode aimed at stirring up consumer interest when the retail season approaches, in hopes that the stores will be driven to the market in the fall.
According to the Fur Information Council of America, which has orchestrated the showings this week, attendance by the press will be excellent, reflecting fur’s continued importance as a material of fashion. But, according to a spot check of the market last week, the number of retailers who have made appointments to view the collections appears to be running behind a year ago and continuing the downtrend of recent years.
IN THIS ISSUE:
N.Y. Market Set to Open
Event More Press than Buyers
Stores in No Rush to Order
Eyes on Scandinavian Auctions
Tax Still Building Retail Empire
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.
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