5 things you probably didn’t know about the fashion industry Mark Twain once wrote, “Clothes make the man. Naked people have little or no influence on society.” Whether we’re one of the millions of people employed by the sector or just someone who likes to shop on Fifth Avenue or in second-hand stores, we are all touched by the fashion industry. Before the early autumn ushers in fashion weeks around the world, here are five things about the global fashion industry you probably didn’t know: The fashion industry generates up to $2.5 trillion in revenue a year The fashion industry is huge and continues to grow rapidly – according to current growth projections, it will double in the next 10 years, generating up to $5 trillion annually. It’s not just big in terms of revenue – it also employs 60 million people around the world. Clothing accounts for 88% of Haiti’s exports Only 25% of board members of publicly-traded fashion companies are women But while the shop floor is one story, the boardroom is another. 24 April is Fashion Revolution Day Share
Bespoke clothes take over as the real fashion luxury | Fashion As the month-long circus of designer catwalk shows drew to an end last week, and the world's boutique buyers closed their order books with the big fashion houses of New York, London, Milan and Paris, a quiet revolution has been taking place among the style cognoscenti, who have been placing their own advance orders for their wardrobes. The smart money is being placed on a more discerning way of buying clothes, with bespoke garments rapidly becoming the most coveted pieces. "We see so many women who have access to premium merchandise, but clients are getting more demanding and want a personal connection with their purchases," says Judd Crane, director of womenswear at Selfridges. In fact, those savvy shoppers who are spending their money on unique, made-to-measure pieces are part of what is being coined "the new luxury". "There is so much on offer in the world of high fashion, you can feel inundated," explains McGibbon, fresh from her first consultation with Rose last week.
Global fashion industry statistics - International apparel Total trade of clothing and textiles: 726 billion dollars The most traded apparel and textile products are non-knit women’s suits, knit sweaters, knit T-shirts and non-knit men’s suits. Non-knit women’s suits: 54.6 billion dollars, 7.5 percent Knit sweaters: 52.8 billion dollars, 7.3 percent Non-knit men’s suits: 43.4 billion dollars, 6 percent Knit T-shirts: 36.9 billion dollars, 5.1 percent Knit Women’s suits: Knit women’s suits: 28.2 billion dollars, 3.9 percent Light rubberized knitted fabric: 23.9 billion dollars, 3.3 percent Synthetic filament yarn woven fabric: 20.9 billion dollars, 2.9 percent Raw cotton: 18.9 billion dollars, 2.6 percent Non-retail synthetic yarn: 18.8 billion dollars, 2.6 percent China is the largest exporter of apparel in the world, it has exported for 265 billion dollars in 2014. India is the second largest exporter with 38.7 billion dollars of clothing exports. Total trade of footwear and headwear: 139 billion dollar
Luxury goods Market characteristics[edit] Luxury goods are said to have high income elasticity of demand: as people become wealthier, they will buy more and more of the luxury good. This also means, however, that should there be a decline in income its demand will drop. Income elasticity of demand is not constant with respect to income, and may change sign at different levels of income. Some luxury products have been claimed to be examples of Veblen goods, with a positive price elasticity of demand: for example, making a perfume more expensive can increase its perceived value as a luxury good to such an extent that sales can go up, rather than down. Although the technical term luxury good is independent of the goods' quality, they are generally considered to be goods at the highest end of the market in terms of quality and price. Luxuries may be services. Market trends[edit] Market size[edit] Art history[edit] Scope of the term[edit] Socioeconomic significance[edit] Luxury brands[edit] See also[edit]
Michelle Obama, Jackie Kennedy, and the Best Fashion Moments in American Political History At the Democratic National Convention on Monday night, First Lady Michelle Obama took the stage to deliver a rousing argument for uniting the party and casting a vote for Hillary Clinton. Her wardrobe choice—a sapphire blue cap-sleeved dress by American designer Christian Siriano—delivered a clear message, too. She picked the party’s color, matched perfectly to the Convention backdrop, as if to say: This isn’t about me. Consider Jackie Kennedy as the beginning of this fascination with Washingtonian dressing. The designers Kennedy picked were, of course, telling: She relied heavily on Oleg Cassini for many of her key looks as well as Hubert de Givenchy (worn strategically on a state visit to France) and Christian Dior. Like Obama and Kennedy, presumptive Democratic presidential nominee Hillary Clinton understands you can make a meaningful statement with fashion: that every choice of designer or color—every thread, waistline, and hem—may be viewed under a microscopic lens. Read Caption
Fashion and Politics | Fashion Institute of Technology Gallery FIT July 7 – November 7, 2009Online Exhibition Fashion & Politics was a chronological exploration of over 200 years of politics as expressed through fashion. The term politics not only refers to the maneuverings of government, but also encompasses cultural change, sexual codes, and social progress. Throughout history, fashion has been a medium for conveying political ideologies and related social values. Fashion has addressed such important themes as nationalism, feminism and ethnic identity, as well as significant events and subcultural movements. "American Flag" costume, printed cotton, c.1889, USA, gift of Stephen de Pietri, 88.125.1 Vivienne Tam, suit, black and white polyester in checkerboard pattern of "Mao" portraits, 1995, USA, gift of Vivienne Tam, 95.82.5 Mainbocher for United States Navy, W.A.V.E.S. uniform, navy blue wool, 1942, USA, 84.2013.1 Dress, white cotton with red "IKE" print, circa 1956, USA. This exhibition was organized by Jennifer Farley and Melissa Marra.
Faux Fur is More Than a Faux Pas, it's Poison One of the arguments most beloved of the anti-fur lobby is that fake fur is actually better for the environment than the real thing. That argument, however, is as fake as the apparel it supports. And some new research has thrown the whole issue around man-made fibres more generally into the limelight. Specifically, researchers at the University of California at Santa Barbara have found that, on average, synthetic fleece jackets release 1.7 grams of microfibers each wash. and that this is having a devastating effect on our rivers, oceans and marine life. What are these microfibres? But this new study is only part of the story. What the activists have notably left out, however, are the gaping flaws in that research, not least the fact it was commissioned by three European anti-fur groups. On the one hand, we can prove this figure is vastly over-inflated. This last point is perhaps the crux of the matter.
Culture - Designers think big at Paris Fashion Week FTC Cracks Down on Influencer Posts | News & Analysis | BoF Fashion blogger Cara Loren Van Brocklin with PCA Skin sunscreen | Source: Cara Loren Van Brocklin WASHINGTON DC, United States — Snapchat star DJ Khaled raves about Ciroc vodka. Fashion lifestyle blogger Cara Loren Van Brocklin posts a selfie with PCA Skin sunscreen. This uptick in celebrities peddling brand messages on their personal accounts, light on explicit disclosure, has not gone unnoticed by the US government. “We’ve been interested in deceptive endorsements for decades and this is a new way in which they are appearing,” he said. This means more cases like the one against Warner Bros. Companies have been pouring marketing dollars into social media endorsements, paying everyone from a Hollywood celebrity to a mom who regularly Instagrams her baby snuggling with a puppy. Personal endorsements are as old as advertising itself, and there has always been abuse. It's up to the FTC to be more clear and consistent about their policies and enforcement, she said. The FTC disagrees.
Brand Ellen: Can Happiness Sell Clothes? | People | BoF LOS ANGELES, United States — For the uninitiated, attending The Ellen Degeneres Show is like entering an alternate reality. In stark contrast to the divisive American election campaign, pitting poor against rich, black against white, straight against gay and left against right, Ellen’s set is one where everyone can sit comfortably together, singing and smiling — and dancing. Welcome to the world of Ellen Degeneres, a uniting force for good and one of the most followed and connected celebrities on the planet. Back at the show, the audience is predominantly female, but diverse in every other way. “I just wanted it to be happy, I just pictured Ellen dancing and making everyone happy,” said Pink, when first introducing the theme song for Season 13 to Ellen’s viewers last September. Hillary Clinton attends the Ellen Show Season 13 Premiere | Source: Getty “People support Ellen on a personal level, and that’s the difference I would say. Everything at ED begins and ends with Degeneres.
Luxury Daily Media group Condé Nast is connecting the dots between readers’ content consumption and purchase behavior through the launch of a new data product. Condé Nast Spire leverages proprietary insights from 1010data, looking to better target campaigns for advertisers. With today’s fragmented media landscape, it can be difficult for marketers to follow the purchase path back to the original point of inspiration, but by merging first party and third party data, Condé Nast is looking to pinpoint the right message to deliver to the right person at the right time. Purchase pathCondé Nast Spire goes beyond the one trillion and more data points created each month across the media group’s titles. These insights will be used to develop custom content that will resonate with this segment of the population. Spire gleans information across unrelated product categories, giving a full view of the consumer profile. Condé Nast headquarters at One World Trade