US Fur Apparel Imports Continue to Rise

SANDY PARKER REPORT, VOL. 34, ISSUE 32, OCTOBER 18, 2010
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
US Fur Apparel Imports Continue to Rise
IMPORTS OF FUR APPAREL INTO THE U.S. rose sharply in August, continuing this year’s solid uptrend following more than two years of monthly decreases.
The latest gain confirmed the trade’s need to restock in greater depth as a result of last season’s strong windup. But the dollar increase also reflected this year’s much higher price structure.
From a unit standpoint – that data not available for comparable items, such as coats this year vs coats last year – the increase was thought to be slight. Significantly, most of the increase was in furs other than mink, an indication that retailers were stocking up on lower-priced items.
Imports from all sources in August jumped 43% to $16.3 million, according to the latest Commerce Dept. data. Interestingly, the mink portion dipped slightly to $5.4 million, while other furs soared 84% to $10.9 million, a rare development. This brought the eight-month total to $60.9 million, an increase of 29% over last year’s period.
IN THIS ISSUE
Stores Eyeing Clues to Prospects
Back-to-School Sales Good Omen
Outlook for Holidays Brightens
China Seen Unmoving on Yuan
U.S. Imports Continue to Rise
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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