It is common knowledge that fashion is, among many other things, big business. But there are also a few things you probably do not know about the fashion world, and will be surprised to find out. Fashion is not just what people buy from the shelves, it’s also about the people who market the clothes, those who sell them and those who reuse them.
We have put together a list of facts taken from different statistics about the fashion industry and we are sure that you do not know some of them.
Incomes & Spending
The menswear industry worldwide is expected to exceed $402 billion in 2014.
By 2015. the world bridalwear market is expected to reach the value of almost $57 billion.
By 2014, the global childrenswear market is expected to reach more than$186 billion. This will mark a 15% increase in five years
In the USA, the people living in Manhattan are the people who spend most money on clothes: $362/month
In the US, the people who spend the least on clothes are from Tucson, Arizona ($131/month)
Each year, Americans spend $250,000,000,000 on fashion
In the US, there are 19,300 people who have “fashion designer” as their job description
Globally, the revenue of the fashion industry reaches $1,200,000,000,000 each year (try counting those zeros)
The top fashion brands according to revenue are: LVMH Moët Hennessy – Louis Vuitton S.A ($37,140,000,000); H&M ($18,820,000,000); Kering (Previously Pinault-Printemps-Redoute) ($15,650,000,000); The Gap ($15,650,000,000); Christian Dior ($11,910,000,000)
The footwear’s annual revenue rises up to $48 Billion/year
In the US, there are 29,360 shoe stores, so Americans really don’t need to go far to find one
it is estimated that in UK households lie $46.7 billion in worth of unworn clothes
China’s textile industry processed 41.3 million tons of fiber in the year 2010,and was accountable for 52-54 % of the world’s total production.
In the US, the employment in the apparel manufacturing industry has shrunk down by more than 80% (from around 900,000 to 150,000 jobs) over the last 2 decades
With all this, 1987 to 2010, labor productivity in the U.S. manufacturing sector has grown to more of it’s double
Each year, the Chinese textile industry produces about 3 billion tons of soot
The best payed workers in the clothing production industry are the Germans, while the lowest payed workers are in the Philippines.
During fashion week in New York, the city’s economy grows with $20 Million
Each year, NYFW is attended by 232,000 people
Ruth Finley is a woman who has been putting the New York Fashion Week calendar together for 65 years, mediating designers and brands to make everyone happy with their spot
Runway models walk differently depending on the place they are in. In New York, models usually walk in a quick, staccato style, while in Paris Fashion Week models generally move smoothly and slowly
It’s surprising yet true that designers pay for their own shows
That’s a lot of zeros everywhere and can be quite a lot to take in at once, but don’t worry, you can read the article twice.
Fraquoh and Franchomme
P.S. What are your thoughts? Did these facts surprise you, are were they in your range of thoughts? Share your comments below!