Apparel and Textiles: Introduction
Companies in this industry create cloth by weaving, knitting, crocheting, or knotting.
Companies in this industry operate physical retail establishments that sell clothing and accessories.
This industry comprises establishments primarily engaged in spinning yarn, manufacturing thread of any fiber texturizing, and further processing into rope, fabric, or bags.
The Apparel and Textiles industry is Fragmented. The production in this industry is divided among a few different companies, however, no single firm has large enough share of the market to be able to influence the industry's direction or price levels.
Primary Demand Drivers
- Consumer tastes
- Comparative costs of manufacture in the U.S. and overseas
- Efficient operations
- The ability to secure contracts with clothing marketers
From the Blog
Fashion has been an age-old expression of culture, style, and art. For two weeks, cities hold fashion shows where they display an array of styles to spread awareness about new arrivals in trends. The primary fashion weeks worldwide are Paris Fashion Week, New York Fashion Week, London Fashion Week, and Milan Fashion Week. Most of these have wrapped up this past week, and Paris Fashion week has just started. To the public it is flashy lights, supermodels, and an influx of new trends, but what does it look like behind the scenes? How does this affect the economy and the environment? Is it worth it?
Xinjiang is an autonomous region of Northwest China, known for its vast deserts and mountains. Xinjiang is inhabited by several ethnicities, namely the Uyghur people of Turkish descent and the Han people of Chinese descent. The Uyghur and the Chinese have a long history of discord stemming from their religious differences, though it wasn’t suspected that there was severe oppression against the Uyghur people from the Han until early in 2020. It is now widely believed that the Chinese government has detained up to a million Uighurs over the past few years in “re-education camps.”
- Hoovers (Date Accessed: 6/1/2017)