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The fashion business

The fashion business
Image copyright AFP We know that clothing is big business, but it may be surprising just how big. The fashion industry's contribution to the British economy is an estimated £26bn - that's twice the size of the car industry's and nearly as big as the contribution from housing, according to the British Fashion Council. It is not just dresses and handbags, but also design and manufacturing that make the sector the largest part of the so-called creative industries, which include marketing, etc. It's an important part of the services sector that makes up around four-fifths of the economy. And services has powered the economic recovery, which I have written about before. I wrote then that it was a tougher sector to picture than say manufacturing cars which is tangible. But a couple of times a year during London Fashion Week, it is visible as models wear dresses that embody design as they sashay down the catwalk. It's also an industry that has taken to social media to reach that market.

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Don't hire a financial advisor until you do this Many advisors and financial institutions would love to manage your 401(k) account after you terminate employment. Of course, they'll charge you for this service, so you need to ask yourself if you'll be receiving good value for the fees you'll be paying. Many advisors charge a percentage of your assets under management, with 1 percent per year being typical. Women's Clothing Industry Market Research & Statistics Global Women’s Clothing Industry The global women’s clothing industry is expected to exceed $621 billion in 2014, marking a 12% increase in five years, reports MarketLine. Clothing retailers account for the largest share of the market at almost 65% in terms of value. The EU represents more than 35% of the global market, which encompasses formalwear, essentials, active wear, outerwear and casual wear. Major drivers of the world womenswear market include fashion, with shoppers eager to keep up with the latest trends, consumer confidence and rising income levels.

Is American Apparel A Dead Brand Walking? “We believe that we may not have sufficient liquidity necessary to sustain operations for the next twelve months,” read a release from American Apparel, connected to a regulatory filing triggered by its inability to meet a scheduled debt payment to one of its major creditors Monday. “These factors, among others, raise substantial doubt that we may be able to continue as a going concern.” Translation: American Apparel may have just months to live. Now, this is far from the first time the once-inescapable hipster basics brand has missed a payment, declared serious losses, or indicated how close it is to complete insolvency—but it is the worst economic report Dov Charney’s Lycra-infused brainchild has ever given. And with good reason. The company has lost 87% of its stock value in 2015 alone and, as a report from Fortune suggests, it lacks both the cash and the borrowing power to make its next credit payment scheduled for October.

Get product to market via the ASOS Marketplace Letitia Allman is Seller Development Manager of the ASOS Marketplace which connects young fashion brands with the millions of customers visiting ASOS each year. Ahead of speaking at The Fashion Exchange, Letitia answers some questions on how the Marketplace works in favour of small business. Q: When did the ASOS Marketplace launch? ASOS Marketplace launched in November 2010 with 20 Boutiques and a handful of wardrobe recyclers Q: How many small businesses are now trading on Marketplace? Global Recession Impacts on Fashion Industry: Strategies for Survival The whole world is facing global recession. The economy is slowing, the business environment is unpredictable and the consumers are getting increasingly diverse, informed, technologically strong and demanding. The global meltdown has, in no way, spared the fashion industry. This industry, along with other textile products industry, is also feeling the pinch of financial adversity. The Fashion Industry

How Stüssy Became a $50 Million Global Streetwear Brand Without Selling Out NEW YORK, United States — In 1980, California-bred Shawn Stüssy began creating surfboards that combined innovative performance shapes with a graphic style combining elements from reggae, punk and new wave music, leaving his literal mark on each board with a broad-tipped black marker. His signature paid homage both to graffiti handstyles and his uncle, abstract painter Jan Frederick Stüssy. Stüssy porkpie hat | Source: Courtesy In 1984, Shawn Stüssy went into partnership with accountant Frank Sinatra Jr. (no relation to the singer) on an apparel line using Stüssy’s name. The label was the first to make caps marked with signifiers for fashion brands, not sports teams.

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