Fur Retailers Viewing Strong Finish

SANDY PARKER REPORT, VOL. 34, ISSUE 48, FEBRUARY 14, 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
Fur Retailers Viewing Strong Finish
CONTINUED COLD WEATHER AROUND THE GLOBE – AND FORECASTS OF MORE TO COME – are keeping fur retailers busy.
February is traditionally a clearance month when stores try to clear out as much of their inventory to make room for fresh merchandise for the next season. Reports from the Far East and Russia are that retail activity is still strong. Although the Chinese New Year celebrations – which include lengthy visits to distant families – may have put a temporary dent in retail traffic, holiday-related buying before the event was described as excellent. And this being the Year of the Rabbit, sales of those furs received an additional boost.
A spot check of American retailers indicates that the momentum built up in December and January is carrying through. Their inventories are down, but they are not filling in holes as they might have done earlier in the season. Instead, they are modifying items from stock to meet customers’ specifications.
IN THIS ISSUE
Retailers Viewing Strong Finish
Weather, Fashion Beat Economy
Low Stocks to Benefit Fairs
Mink Prices Seen Advancing
N.A. Ranchers to Boost Herds
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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