Fur Sales Hit $14 Billion
Global retail sales of fur show an increase of 5.4% in 2010 compared to 2009, bringing the total figure to over $14 billion, according to the leading authority on fur, the International Fur Trade Federation (IFTF). *1
This increase reflects the continued rise in popularity of fur garments amongst fashion conscious consumers, particularly in the Far East. Despite the economic slow-down, fur sales in the West remained stable, buoyed by the cold winter.
“Fur is the big fashion story of the Autumn Winter 2011 collections” comments Andy Lenhart, Chairman of the International Fur Trade Federation. “Wholesale prices at the 2010/11 winter auctions reached all-time highs, so we expect an even greater increase in global sales turnover for the current financial year.”