International fur fairs seen holding up

SANDY PARKER REPORT, VOL. 31, ISSUE 5, MAR. 19, 2007
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
International fur fairs seen holding up
THE FUR FAIR SEASON, WHICH GOT OFF TO AN UNCERTAIN START IN HONG KONG because of carryover inventories, apparently is regaining some of its footing as the series of events proceeds around the world. The recent Greek fair in Kastoria drew an even larger attendance than a year ago and MIFUR, which got under way in Milan just before we went to press, also was expected to produce good business. The increased inclusion of full-fur and fur-trimmed garments in the new fall ready-to-wear collections in New York, London, Paris and Milan and the downward correction in skin prices are bolstering retailers’ confidence to the extent that they feel they have to at least freshen their inventories with a few new fashions.
The burden of those inventories impacted on both the attendance and orders placed at the Hong Kong fair but the vendors with fashion and better goods fared relatively well. But Hong Kong’s factories, particularly those of the commercial houses, are geared for orders in great depth and the attendant economies that further cut their costs. They were reported to have been hurt the most at this fair. The fashion and better producers, on the other hand, are accustomed to orders in less depth.
The Milan fair, on the other hand, is noted for fashion and innovation – not a place for classic goods or buying in bulk. For this reason alone, MIFUR was expected to do relatively better than Hong Kong.
GLOBAL RETAIL FUR SALES IN 2006 ROSE FOR THE EIGHTH CONSECUTIVE YEAR, reaching $13.5 billion, according to data compiled by the International Fur Trade Federation. The latest figures, covering retail sales of full-fur garments, trimmings and accessories, represent a 5.6% increase over the previous year. They are based on reports from 38 member organizations in 31 countries.
IN THIS ISSUE:
Intl. Fairs Seen Holding Up
Greek Event Called Success
Russian Buyers Play Big Part
Also Spur Sales at MIFUR
January U.S. Imports Plunge
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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