One of the most valuable economic sectors by investment, revenue, employment and trade generation worldwide, the global fashion apparel industry is proving itself to be a major player driving businesses with the tenacity required by organizations today. With continuously shortening product lifecycles, a large variety of product offerings, in the industry where demand for products is highly volatile and unpredictable, the industry has been in a transition over the last 20 years. Some of the contributors significant in this transition are (2006):
- Significant consolidation in retail,
- Increasing use of electronic commerce in retail, and
- Wholesale trade
Finished clothing products for the industry are produced from both natural as well as man-made fibers including cotton, lycra, denim, linen, polyester, rayon, silk, wool etc. This industry caters to lots of market segments including kids’ clothing, men’s wear, casual wear, women’s wear (young and aged), bridal wear, and intimate apparel. Sale to the customers is made through the following channels:
- Bricks & Mortar
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