New York collections set to open

SANDY PARKER REPORT, VOL. 30, ISSUE 16, JUNE 5, 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
with Sandy Parker
New York collections set to open
NORTH AMERICAN FUR RETAILERS PLANNING TO VISIT THEIR NEW YORK SOURCES in the next few weeks will be coming with reduced open-to-buy positions, but with minds open and alert to fresh fashion. Having come through a less-than-spectacular winter season and sitting with more inventory than normal, they plan to go through the motions and view the collections, but with a more critical eye. Basically, they look toward the coming fall-winter season with optimism but, between the merchandise they are carrying over and the orders many have already placed in Hong Kong and elsewhere, they believe they will have enough to allow them to get through at least the early part of the fall.
But the New York market is no longer the center of the fur universe that it once was; while there still are a number of important resources – including some top fashion houses – its role as a main marketplace has been greatly diminished by the rapid growth of Hong Kong/China as key supplier to the world. A spot check of retailers in key areas last week indicated only a relatively small number are planning to visit during Fur Fashion Week, which this year is scheduled to begin June 12.
The majority of fur store principals said they would be looking for new ideas from the designer houses. In particular, fresh styling to broaden the scope of their existing inventory, which they consider to be quite salable. They will also be on the lookout for attractive items, including novelties, that they haven’t already seen in Hong Kong, Montreal or at any of the other fairs this spring. In general, they are in no rush to buy long mink coats because of what they already have, but are willing to bet on what they consider to be exciting.
IN THIS ISSUE:
N.Y. Collections Set to Open…
…but Retailers Not Rushing in
Cite Heavy Carryover Stocks
…and Orders Placed in Hong Kong
U.S. Consumer Confidence Dips
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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