Paper 3 Flashcards
What is the size of the clothing market in UK?
£58.5bn (2022)
What is the size of the clothing market globally?
$2005bn (2022) estimated $1.79 in 2024
What are the global importers/ exporters of fashion?
Importers - USA, Germany, Japan, Uk Exporters - China, Bangladesh, Vietnam, India
Which country hosts the most fashion manufacturing?
China
Who are the leading brands in the fashion industry?
Nike, Adidas, Ralph Lauren
What was consumer spending on clothes in the uk?
£62.2bn spent on clothes in the Uk in 2022
What are current customer tastes/ fashion crazes?
Second hand, sustainability (fair trade), vegan friendly
What is fast fashion?
Fast fashion is producing trendy items for low prices
How has fast fashion impacted the fashion industry and the businesses which operate within it?
impact on reputation, competitive pricing, wear once throw away
What are the top ethical issues facing the clothing industry?
Sweatshops, sustainability, environment
What changes has there been in clothing retailers/ manufacturers to become more ethically minded (give examples)
fake leather, vegan, checking suppliers, H&M conscious collection is a new sustainable line, H&M have garment collection boxes globally to recycle old clothing in return they give store vouchers