US fur apparel imports edge up in January

SANDY PARKER REPORT, VOL. 34, ISSUE 7, MARCH 29, 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 edge up in January

IMPORTS OF FUR APPAREL INTO THE U.S. edged up slightly in January, following the big upturn in December. The increases in both months were believed to reflect retailers’ immediate needs as a result of strong weather-related sales. Based on the past season’s largely satisfactory results – and clean inventories – indications are that the months ahead should also bring gains as retailers replenish their stocks. According to the latest Commerce Dept. data, January imports from all sources amounted to $4.9 million, a gain of 2% over last year’s month. This consisted of $2.7 million in mink, down 8%, and $2.2 million in other furs, up 17%.

Shipments from Hong Kong/China rose 60% to just over $2 million for the month. Mink constituted the bulk of those shipments at $1.6 million, an increase of 63%, while other furs rose 51% to $467,000. Imports from Canada amounted to $1.3 million, a gain of 5%.

IN THIS ISSUE
Russian Trade Back in Action
Auction Competition Heats Up
Mink Rises at Finnish Sale
Foxes also Move Higher
U.S. Imports Edge Up in January

For extracts from back issues of Sandy Parker Reports see News Archive. Subscribers can access an archive of complete issues at www.sandyparker.com.