US Fur Retail Sales Rose 3.1% in 2010

SANDY PARKER REPORT, VOL. 35, ISSUE 3, MARCH 7, 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
US Fur Retail Sales Rose 3.1% in 2010
RETAIL FUR SALES IN 2010 IN THE U.S. SHOWED AN INCREASE OF 3.1% OVER THE PREVIOUS YEAR, according to the Fur Information Council of America.
Based on the results of a survey in which retailers were asked how much their gross sales increased or decreased from the previous year, FICA determined the fur business in the U.S. amounted to $1.3 billion last year. That consisted of fur items and services, the items including fur apparel, shearlings, accessories and any other product containing some amount of real fur.
“Customers this year,” said FICA chairman Andre Ferber, “seemed to be looking for shorter, more fashion-oriented pieces.” The president of Jacques Ferber Furs, Philadelphia, noted “we saw customers buying several pieces and we saw a greater range of customers coming through our doors. Of course, this meant higher unit sales volume.”
According to the survey, mink remains the most popular fur representing about 70% of all fur sold at retail.
IN THIS ISSUE
Hong Kong Fair a Powerhouse
Attendance Rises Sharply
Sales Nearly Double Last Year
Higher Prices No Obstacle
U.S. Sales Rose 3.1% in 2010
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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