January Fur Sales Holding Up Well

SANDY PARKER REPORT, VOL. 34, ISSUE 46, JANUARY 31, 2011
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
January Fur Sales Holding Up Well
AMERICAN RETAILERS HAVE BEEN COMING UP WITH MIXED REPORTS FOR JANUARY: most saying they’re running ahead of last year’s month, but some just meeting those figures.
There appears to be a consensus that, considering the sustained favorable temperatures, business should have been even better. From a fashion standpoint, the popularity of furs has been widely broadcast through media photos depicting how the public has been dealing with the weather. Economic conditions, however, were still cited as holding back some consumers.
But many retailers are also looking at another bright side of this season’s harsh weather conditions, namely the increased service business they can look forward to. Increased wearing of their furs usually increases their need for special care, not only cleaning but also repairs. This aspect of their business not only keeps them busy in the normally quiet spring and summer months, but also accounts for as much as 30% or 35% of their annual revenue.
IN THIS ISSUE
Cold Due to Global Warming?
Long-Range Benefits Possible
January Sales Holding Up Well
Consumer Confidence Rises
Terry Thornton Dies at 60
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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