The Business Of Fashion: 7 Surprising Facts About The Fashion Industry [The business of fashion is changing! Today we have our contributor talk about fashion and how the digital world has changed it!] Fashion. Love it or loathe it, it’s something you just can’t ignore. Whether you are flicking through the channels on your TV, strolling down the high street, or standing in line at the bus stop, you’ll likely be facing a constant visual bombardment of ads for the latest designer trends, from brands that you may or may not have an interest in. And it’s no surprise that all those brands are fighting for your attention: fashion is big business. Here are 7 surprising facts about the economics of the fashion industry, that you may not have known. 1. This really puts into perspective just how much the fashion industry is worth. In 2013, the GDP (Gross Domestic Product) of the entire UK was 2.678 trillion (World Bank). In 2011, the total value of the global textiles, apparel and luxury goods market (i.e. the fashion industry) was 3.049 trillion ($3,049 billion). 2. 3. 4.
t h e (c h l o e) c o n s p i r a c y New York fashion week in numbers | Fashion • $20 million: the estimated amount pumped into the local economy during fashion week. • $6 million: the amount spent on hotels during New York fashion week. • $7 million: the money spent in shops (along with $9m in restaurants) during fashion week. • 232,000: the approximate number of people attending fashion week per year (116,000 each fashion week). • 1943: the year New York fashion week was launched – though it was originally called "press week". • 2,000: the number of nail varnish bottles celebrity manicurist Deborah Lippmann and her team goes through during NYFW • 300: shows in eight days. • 250+: designers who showed at NYFW. • 30+: different countries whose press were in attendance. • 32: the number of hairspray cans TIGI head stylist Nick Irwin went through at the Chris Benz show (or so he told me). • 1: the number of fashion designers-cum-dictators' daughters stopped from having a runway show at the Lincoln Centre (left).
jillgg's good life (for less) | a style blog 10 awesome innovations changing the future of fashion Suzanne Lee's kombucha fabric/Video screen capture Textile production is dirty dirty dirty -- one of the dirtiest industries in the world in fact. Why? Partly because of the damage that cotton crops and synthetic fiber production inflicts on the environment, and partly because of seriously outdated manufacturing methods used to dye and finish fabric. According to the United States Energy Administration, the textile industry in the U.S. is the 5th largest contributor to CO2 emissions in the country. But enough of the depressing facts: As consumers are becoming increasingly aware and clothing manufacturers are stepping up to more environmental accountability, technology is taking off -- and there have been huge advances. From fabric out of food, beer bottles and more to dying with air, and web sites that know your exact measurements, these 10 awesome technologies are changing fashion as we know it. 1. YouTube/Video screen capture Check out this video for more: 2. 3. 4. 5. © Jay Lee 6. 7. 8. 9.
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