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Global Recession Impacts on Fashion Industry: Strategies for Survival

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 The fashion industry can be termed as complicated with no standard for defining fashion companies. Impacts of Recession on Global Fashion Industry The trends all over the world is that of rising unemployment, credit squeeze and plummeting home budgets. Many big names in the fashion industry are facing financial problems, many of whom have even declared their negative condition. Consumer spending has got lower resulting in pressure on retailers' margins.

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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. Compared with the lows of the economic recession, employment rates and per capital disposable income levels are rising, which leads to greater consumer confidence, allowing consumers to part with their cash more easily.

The impact of the fashion industry on the UK economy The impact of the fashion industry on the UK economy November 27, 2012Fashion2 Comment Tuesday 27th November sees the return of British Fashion Awards, held at the Savoy Theatre London. As the LadyM Presents Team will be in attendance we thought this weeks topic for BBC Radio Kent’s fashion slot was rather timely. The impact of the British fashion industry on the UK economy.

Forget fashion shops: how designers embraced art exhibitions In October 2000 the Guggenheim Museum in New York opened a major retrospective of the work of Giorgio Armani. The previous year Armani had become a benefactor of the museum, with an amount rumoured to be $15m. The museum denied that the exhibition of about 400 Armani garments was a result of the designer’s generous “gift”, but the exhibition, which went on tour to the Guggenheim in Bilbao as well as the Royal Academy in London, sparked some cynicism. Fifteen years later, single-brand exhibitions have become commonplace. Alexander McQueen: Savage Beauty, which was created with the cooperation of the fashion house itself, in partnership with Swarovski and supported by American Express, was the V&A’s blockbuster hit this year, with more than 493,000 visitors.

The Powerful Message Behind the 'Bad Blood' Music Video  Taylor Swift launched her "Bad Blood" music video as an opener for the Billboard Music Awards last weekend. We were all gearing up for this video as Taylor heightened our excitement by tweeting, Instagram-ing and Tumblr-ing myriads of posters of each one of the of characters that would guest star. However, we weren't emotionally prepared when she actually released it because not only did the video slay in every way, it taught a bigger lesson to the world than we were expecting.

How Global Warming Is Already Changing The Fashion Industry While some politicians continue to deny climate change, fashion retailers are already feeling the burn of a warming winter climate. Talking to Co.Design, a Patagonia spokesperson called climate change "a serious crisis" for its business. And while retailers like J.Crew, H&M, and Nordstrom decline to comment, the numbers speak for themselves. Uniqlo, H&M, and Gap all announced major seasonal shortfalls this year, and Macy’s is actually cutting more than 4,500 jobs following slumpish holiday sales, blaming 80% of its revenue shortcomings on cold-weather goods like jackets, hats, and scarves that just didn’t sell. "People don’t want to talk about anything that’s a problem," says Valerie Steele, director and chief curator of The Museum at the Fashion Institute of Technology, "because it indicates maybe they’re not doing as great as they think they should be." Clothing That's Ordered Late, And Shipped Even Later

How Premium Fashion Brands Are Maximizing Their Social Media ROI Social media and digital technology have forever changed the retail industry. In 2011, brands and retailers have reached a tipping point, digital innovations have decentralized commerce, and real-time consumer demand for designer merchandise has forever changed retail production cycles. Many fashion brands, mocked for their inability to move with the web because of a fear of accessibility, are no longer fighting the flow. Through their embrace of social media and social commerce, fashion brands are now innovating and profiting from their online marketing strategies. How Does the Global Economic Crisis Affect Textile, Apparel Sourcing? As the world's biggest textile and apparel market, the United States generates a great deal of interest amongst global textiles and apparel suppliers, many of whom say that they catch a cold when the U.S. sneezes. Not surprising, suppliers around the globe, still not fully recovered from the downturn in the U.S. following the 2008 recession, are closely watching the state of the American economy. Many suppliers at Frankfurt's Heimtextil show earlier this year were encouraged by the "good start" in the year for U.S. apparel and textile retailers, many of whom reported better-than-expected sales in January, buoyed by the bullish stock market mood and a continuing decline in unemployment. "U.S. retailers such as Macy's, Columbia Sportswear, American Apparel, Nordstrom, Gap, Ralph Lauren, Ann Inc. [and others] performed better and reported stronger sales in the third quarter of 2012," a representative of Mumbai-based Star Trading Co. A.

Balmain Taps Power Sisters for Fall 2015 Campaign Balmain's army has officially turned into a family affair. After casting Kendall Jenner in several runway shows, the top model finally stars in an ad campaign, lensed by Mario Sorrenti, and takes sister Kylie Jenner under her wing—for the littlest Jenner's first high-fashion moment. Supermodel Joan Smalls also returns as the face of the French brand, this time with her sister Erika Smalls—proving good genes run in the family. Lonely Lingerie Brand Profile Interview 28 September 2015 Divya Bala Feminism and lingerie have not always been the best of bedfellows, but one label is seeking to let love bloom between women and their intimates, discovers Divya Bala. New Zealand's Lonely Lingerie label was born when designer Helene Morris and her contemporaries were unable to find modern lingerie suited to their fashion-forward sensibilities. "There was no lingerie label that spoke to us and our customer," said Morris, who co-founded the label's parent ready-to-wear line, Lonely, with her partner Steve Ferguson.

Making Climate Change Fashionable - The Garment Industry Takes On Global Warming As the COP21 climate change talks are underway in Paris this week, it’s nice to see real progress on fronts rarely discussed. Lots of industries other than energy production are important sources of greenhouse gas emissions – agriculture, iron and metal smelting, cement production, waste treatment and…the fashion industry. The apparel industry accounts for 10% of global carbon emissions and remains the second largest industrial polluter, second only to oil. This shouldn’t be surprising since it’s a $3 trillion global industry. The apparel market in the United States tops the world, contributing close to a third of the global total. London Fashion Week 2015: From catwalk to High Street 24 February 2015Last updated at 19:03 ET By Harriet Hall BBC News Inside London Fashion Week Twice a year, London's grand neoclassical Somerset House, welcomes a tumult of fashion designers and their models dressed in their finest gladrags. The courtyard becomes the centre of London Fashion Week - a far cry from the building's sober past as home to the Inland Revenue. This year sees the event's 61st year, during which more than 250 designers will showcase their collections for autumn and winter to a global audience.

Why is China's stock market falling and how might it affect the global economy? What has happened in China? China’s stock market has fallen sharply over recent weeks despite measures by officials in Beijing aimed at calming investors’ jitters and shoring up global confidence in the country’s slowing economy. Shares in China had soared 150% in the 12 months to mid-June as individual investors piled into the rising market, often borrowing heavily to do so. But chiming with warnings that shares were overvalued and the signs of an economic slowdown, the momentum came to a shuddering halt when shares hit a seven-year peak. Following another plunge on what was dubbed “Black Monday”, China’s stock markets have now given up all their gains for the year.

$1 Million Worth of Fake Gucci and Louis Vuitton Bags Seized in Miami — The Fashion Law Thousands of counterfeit handbags were seized by federal officers at Miami’s seaport earlier this month in a shipment from China. The 2,300 counterfeit Gucci and Louis Vuitton bags, which have an estimated value in excess of $1 million, were found in 20 cartons that were not declared in a shipment of 825 cartons of clothes, shoes, trousers and handbags. This marks one of the largest seizures this year at the Miami Seaport. Customs and Border Protection officials say a recent review confirmed there were 1,200 fake Gucci handbags and 1,195 Louis Vuitton handbags in the container. Investigators began examining cartons containing the handbags after noting that they were not declared on any import documents. The shipment included 825 other cartons of clothes, shoes and other apparel.

COS 2016 Spring / Summer Women's Lookbook COS has unveiled a look at its spring-summer 2016 collection full of minimal looks with a modern edge. Skirts are mid-length and long, moving away from the body while tops are more form-fitted with oversized coats and jackets. A color palette of neutrals is juxtaposed with blue denim and crisp whites.