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The following extract is reproduced with permission from Sandy Parker Reports, Weekly International Fur News. Sandy Parker has been covering the fur industry for over 43 years. For the last 33 years he has published a weekly newsletter, detailing results of all the major international pelt auctions, wholesale price trends, business developments and movements within the trade, as well as economic and political activities that may impact on it.
To receive these reports either in print or electronically, subscribe to Sandy Parker Reports, 21219 Lago Circle, Boca Raton, FL 33433; Tel: (561) 477-3764; Fax: (561) 862-7052; SParker@SandyParker.com; www.sandyparker.com
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IN THIS ISSUE October Sales Cheer Retailers |
with Sandy Parker
Fur sales good in China, Korea
THE RETAIL FUR SEASON HAS OPENED UP ACROSS NORTHERN CHINA AND IN KOREA, where the weather has been cooperative. According to reports, the early business has been good in Beijing and other major northern cities, heralding another banner season may be in the offing. The Chinese economy, which also was staggered last year, has been recovering much more rapidly than in the West. Korea, too, has been snapping back and cool weather for this time of the year is said to be spurring fur sales.
The big Chinese factories, meanwhile, have not yet moved into high gear and timely deliveries are reported to be still available. That they have not been operating at capacity may be described as serendipitous in view of shortages that have developed in factory labor. That situation is said to be traceable to the one-child-per-family policy that was adopted by the country more than 20 years ago.
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.