Early fur retail orders slow in New York

SANDY PARKER REPORT, VOL. 32, ISSUE 17, JUNE 9, 2008
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
with Sandy Parker
Early fur retail orders slow in New York
INITIAL ORDERS FROM AMERICAN RETAILERS ARE DEVELOPING VERY SLOWLY, according to New York vendors, and they don’t blame it on business lost to Hong Kong or other fairs elsewhere. Although this is only the beginning of June and still too early for many independent retailers to make commitments, those who traditionally have placed at least some opening orders with New York suppliers by this time appear to be holding back.
The signals that manufacturers are getting from their accounts indicate that opening orders not only will be later than usual, but are also likely to be scaled back from last year’s. Were the American economy a little healthier and consumers less concerned about their finances, vendors believe retailers would find enough encouragement from fur’s continued prominence in the fashion picture to prepare for a normal season. Under the present circumstances, however – and with stores’ inventories still top-heavy with last year’s merchandise – they feel forced to lower their expectations.
YVES SAINT LAURENT, WHO DIED LAST WEEK IN PARIS AT THE AGE OF 71, not only was a leading creator of fashion for 45 years, but also wielded a major influence on fur design. His involvement with fur traces back to Societe Internationale de Fourrure in Paris about 40 years ago, his first fur licensee, which he subsequently tried to acquire, but only succeeded in buying back his label. In the U.S., from his first alliance with Alixandre Furs, his designs virtually catapulted fur into the fashion limelight. His influence is still seen in the collections of many other leading designers including Marc Jacobs, Michel Kors, Marni, Versaci, Bill Blass, Oscar de la Renta, Calvin Klein, Claude Montana and Prada. Saint Laurent’s influence is still evident in today’s fur collections and is considered likely to continue so for years to come.
IN THIS ISSUE:
Early Orders Slow in N.Y.
Vendors See Tough Season Ahead
Credit to Be Tightened Further
New Auction Dates Rile Dealers
Bluefox Prices Still Soft
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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