Saturday, October 26, 2024

Fashion

 

Fashion (clothing, apparel & footwear) industry is amongst top 10 economies in the world; according to the sources, before Covid-19 pandemic the global fashion industry revenue was estimated between US$1.7 trillion to US$2.5 trillion, post Covid-19, the industry is growing. China is the largest producers of fashionable items (textiles and clothing) and EU and US are the largest consumers. Womenswear is highest revenue generator in global fashion retail (almost 53%) as comparing to Menswear (almost 31%) and Childrenswear (almost 16%). We can bifurcate fashion into two categories – 1) Luxury Fashion and 2) Mass Fashion. The luxury fashion is made with elite and fine raw materials, limited quantity, expensive products, adopted by celebrities or page # 3 audience, fashion and party lovers, available at very few selected stores, very much customized, time taking production processes, combination of different fine materials.

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