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
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.”
As the holiday season approaches us, it is clear to everyone that the stores are going to be packed. Well maybe not physically, but virtually this year. With rising cases of the Coronavirus in the U.S., Brazil, and India, shoppers everywhere are staying safe in their homes and resorting to e-commerce to spread the holiday spirit. Retail websites will be put to the test with the high volume of shoppers to see whose advertising teams produce the most efficient and appealing designs. It will be interesting to see the differences in revenue between companies that thrive with in-store shopping as opposed to online.
- Hoovers (Date Accessed: 6/1/2017)