Industry Analysis & Industry Trends
Although the recession ravaged the Fashion Designers industry in 2009, operators found new avenues to pursue that revolutionized the industry. 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. In the coming years, the industry is poised for growth. As broad economic factors, such as per capita disposable income and consumer confidence, as well as demand for downstream apparel-manufacturing industries, continue to brighten, the... purchase to read more
Industry Report - Industry Investment Chapter
The Fashion Designers industry is highly labor intensive. The principal services offered by this industry are based on creativity and understanding styles, design principles, manufacturing practices and fashion trends. Designers are expected to have a strong sense of aesthetics and must be knowledgeable in materials and textiles.
Labor costs account for about 76.2% of industry revenue. The average annual salary per employee is expected to be $31,482 in 2014, up slightly from $31,012 in 2009. Still, these high labor payments indicate the value placed on human capital. By contrast, the average employer only spends about $0.02 of their revenue on capital investments... purchase to read more