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May 31, 2023 · New York City serves as an important hub of the fashion industry with over 900 fashion businesses and 6,000 showrooms and offices, offering ample opportunity for businesses to thrive within this sector. Texas is the leading US cotton producer, producing significant volumes of wool, silk, and synthetic fibers as well.
Backed by six years of research and data, Texas now has a strong advocating organization for the fashion arts. Founded in 2018 and launched in January of 2019, The Texas Fashion Industry Initiative 501c3 is the state’s official non-profit dedicated to the positive growth of the Texas fashion industry through fashion career development or support for fashion entrepreneurs.
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The Business of Fashion, Robb Young oversees content from Asia-Pacific, the Middle East, Latin America, Africa, the CIS and Eastern Europe. He is an expert on emerging and frontier markets, whose career as a fashion editor, business journalist, author and strategic consultant has seen him lead industry projects around the world.
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Industry Products and Services. Fashion clothing design. Footwear design. Jewelry and accessory design. Other design services. Textile design. Industry Activities. IBISWorld Texas Industry Reports enable you to: Discover key local industry trends.
- Inflation and Geopolitical Tensions Loom
- Ten Themes For 2023
- Looking Ahead
Inflation is at the top of executives’ minds for the coming year, according to results from the annual Business of Fashion and McKinsey State of Fashion Survey. They expect that inflation will undercut consumer demand, pushing shoppers to curtail fashion spending or trade down for less expensive products as their energy and grocery bills spike. Fas...
This year’s report presents a difficult outlook ahead, as fashion companies face challenges and revise forecasts downward after an exceptionally strong 2021, per McKinsey analysis of global data in the fashion industry. Inflation and geopolitical concerns dominate the agenda for 2023, negatively affecting both consumer demand and brands’ operating ...
Bereft by global risks and uncertainties, leaders in the fashion industry will need to pay careful attention to macroeconomic and political issues in the regions where they produce and sell their products in the year ahead. They will need to develop risk mitigation strategies that can be implemented quickly as conflicts, fiscal policies, and govern...
Dec 2, 2020 · The fifth annual State of Fashion report by The Business of Fashion and McKinsey & Company forecasts the continuation of tough trading conditions next year, forcing companies to find their ‘silver linings strategies.’ Download the full report to understand the 10 themes that will define the global fashion industry in 2021 and how to navigate the currents they create.
Nov 29, 2023 · As a whole, the fashion industry is predicted to achieve year-on-year retail sales growth of between 2 percent and 4 percent in 2024. Aside from economic challenges, one pressure point that cannot be ignored in the year ahead is the climate crisis. After numerous extreme weather events in 2023, leading companies are likely to bolster their ...
