WHAT YOU DIDN'T KNOW IN FASHION INDUSTRY..!!!


WHAT  YOU DIDN'T KNOW IN FASHION INDUSTRY...!

1..The fashion industry generates up to $2.5 trillion in revenue a year

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  The fashion industry is huge and continues to grow rapidly – according to current growth projections, it will double in the next 10 years, generating up to $5 trillion annually.  How many other industries can look forward to such levels of growth?
It’s not just big in terms of revenue – it also employs 60 million people around the world. In the US, 4 million people work in the fashion industry. That’s more than other major sectors, including the auto, fast-food and video-game industries.

 2..Only 25% of board members of publicly-traded fashion companies are women
Fashion is a female-dominated industry – women make up 68% of the workforce, with that figure going as high as 90% in places such as Bangladesh. On top of that, they also account for 85% of the customer base for fashion companies.
But while the shop floor is one story, the boardroom is another.  Only seven of the 50 major fashion brands are run by women.  And only a quarter of board members of publicly-traded fashion and luxury companies are women. While this is higher than the 10% of women who serve as board members of publicly-traded companies in the US, this number is still abysmally low for an industry so highly dependent on women.

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