Sales Remain Stable During 2008/2009 Recession
Fur is the dominant trend for the Autumn/Winter 2010 fashion season but sales also remained stable during the worst of the global recession in 2008/2009.
Figures announced by the International Fur Trade Federation (IFTF) show that global fur sales during the past year (including fur garments and accessories) stayed at just over $13 billion worldwide, in fact increasing slightly on 2007/2008’s figures,” says Andy Lenhart, chairman of the IFTF.
“Whilst fur sales in Europe have hovered at just over $4 billion for the two years between 2007-2009, demand from the Asian markets has seen an increase. We are very pleased that during the worst of the recession our product remained in demand.
“Looking to the future, there was more fur than ever on the recent catwalk shows for Autumn/Winter 2010/11. Fashion-conscious consumers will be able to choose from a wide range of fur garments and accessories to stay on trend, building an expectation for an even better sales result next year.”
For further information contact International Public Affairs Director, IFTF. Tel + 44 (0)1932 850020; Fax + 44 (0)1932 850033.