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

Production

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.

Fashion Week

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!