US Retail Fur Sales Declined 7% in 2009

SANDY PARKER REPORT, VOL. 34, ISSUE 38, NOVEMBER 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 Retail Fur Sales Declined 7% in 2009
TOTAL U.S. RETAIL FUR SALES IN 2009 declined about 7% from the previous year, according to the Fur Information Council of America.
Sales amounted to $1.26 billion, including furs, fur-trimmed garments, accessories and services.
But, notes FICA, the decline must be considered in the context of the continued economic downtrend which resulted in average sales declines ranging from 15% to 30% for luxury apparel, coats and jewelry. As fashion trends and consumer preferences have shifted to smaller fashion garments (versus the classic full-length coat), the organization points out, the decrease in average price per unit along with increases in store traffic suggest that unit sales volume remained strong.
Worldwide fur sales for the 2008-09 selling season, as reported by the International Fur Trade Federation, were $13 billion, slightly above the previous year despite the global recession.
IN THIS ISSUE
Nov. Spotty as Temps Moderate
Black Friday No Fur Event…
…but Furriers Watch Websites
Holiday Sales Outlook Brightens
Greece Adds Another Fair
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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