With women being the largest consumer-group, fashion and style has become a huge industry. However, as people get more educated on how to dress, organizations are trying to figure out how to change their business models so that they can stay relevant.
The USA is the leading market for fashion retailing with sales worth $1.7 trillion in 2015 alone – an increase of 12% over 2014. In terms of annual retail sales, womenswear revenues contributed around $620 billion in this country in 2015 – the most recent study from Euromonitor International showed.
Women have always had a great power in fashion and style but now more than ever before with their increasing self-awareness about topics like body image and sexual harassment in the workplace, they have become conscious about it’s impact on their.
The fashion industry is one of the most important industries in the United States. The USA is also one of the most wealthy countries in the world, so it’s not surprising that this industry is highly profitable. With over $400 billion dollars in revenue, fashion companies are also some of the most valuable ones on earth.
In 2019, women are increasingly becoming more and more interested in fashion. This has led to an hype around the industry with a number of new stores Make up and beauty brands emerging just recently.
The fashion culture has always been dominated by women, which means that it has always been a predominantly female-dominated industry despite having male customers as well.