Industry Analysis & Industry Trends
Over the past five years, the Fashion Designers industry has trended toward growth. Designers and retailers have started closing the gap between style and value in order to appeal to massive amounts of consumers. As a result, demand for fashion and other specialized design services increased during the period. Moreover, the industry is poised for growth over the next five years. Industry revenue will benefit from rising per capita disposable income and increased consumer confidence; it will also be aided by downstream apparel-manufacturing industries. As consumers demand trendier yet reasonably priced items, department stores will continue collaborating with designers to create product lines with mass appeal... 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 53.1% of industry revenue. The average annual salary per employee is expected to be $36,164 in 2015, down slightly from $37,421 in 2010 due to the increased proportion of nonemployers. Still, these high labor payments indicate the value placed on human capital. By contrast, the average employer only spends about $0.03 of their revenue on capital investments... purchase to read more