Fashion is a style of dressing, usually expressed in the form of clothes or accessories. The term can refer to the latest trends in dress or design, but it can also refer to a style that has been around for a long time.
Fashion can be a positive or negative force in society and has the potential to influence the environment, as well as our health. London College of Fashion Curator Alison Moloney used her exhibition ‘Cabinet Stories’ to highlight the positive impact that clothing can have on the world, encouraging city dwellers to think about the environment and their personal health when shopping for new garments.
The fashion industry is an international one, encompassing many different countries and manufacturing processes. Typically, designs are created in one country and sent to factories in another for production. Garments are then assembled, finished and shipped for sale globally.
Economic profit rose for the second year in a row in 2018. But despite this growth, the industry as a whole is struggling. In the coming years, sales growth may slow and profit margins will be squeezed.
As the industry continues to face external shocks, it must find ways to improve its internal structure and collaborate with competitors. This will require an adjustment to how talent is allocated, and how executive roles are established and promoted. In addition, it will be important to respond better to sustainability marketing regulations.