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 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 72.5% of industry revenue. The average annual salary per employee is expected to be nearly $44,600 in 2013, down from $54,800 in 2008. 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