Industry Analysis & Industry Trends
Weak downstream demand from manufacturers, retailers and consumers severely hurt the industry over the five-year period. Moreover, although the recession ravaged the Fashion Designers industry in 2009, operators have found new avenues to pursue in light of decreased consumer spending. For example, fashion designers have discovered innovative ways to market and sell their creations. Collaborations with mass merchants like Target and H&M have been at the forefront of the market's expansion. Consequently, the increasing visibility and accessibility of fashion will bode well for industry participants, as consumers' budgetary constraints diminish, growing industry revenue... purchase to read more
Industry Report - Industry Analysis Chapter
When it comes to fashion, today's consumer has grown more demanding and the desire to differentiate is a crucial driver of spending habits. As a result, the designers behind high-end fashion clothes, accessories and jewelry have reaped the benefits. Shoppers looking to associate themselves with luxury labels have flocked to brands like Louis Vuitton, Prada, Versace and Chanel. Moreover, these brands have become increasingly available for consumers to purchase.
The demand for high-end clothing, accessories and jewelry has significantly benefited the Fashion Designers industry. The industry, while threatened by the recession, remained resilient and carved out new product segments to secure its relevance after the economic downturn... purchase to read more