Globally, fashion is a $1.2 trillion industry, with the United States’ spending accounting for more than 250 billion dollars. Apparel imports continue to enter the United States, predominantly from countries like China, Vietnam, Bangladesh, Indonesia, and Mexico, while the US increases its focus on high-end fashion design. New York is the headquarter for more than 900 fashion companies including respected firms like Anna Sui, Calvin Klein, Kenneth Cole, J. Crew, and Marc Jacobs.
Not only is New York the largest retail market in the country, with $15 billion dollars in annual sales, it also serves as an important hub for elite fashion publications such as Vogue and Women’s Wear Daily. The city is also home to top-notch designs schools including Parsons The New School for Design, Pratt Institute, and the Fashion Institute of Technology.
While February and September celebrate the glitz and glamour of exclusive design with New York Fashion Weeks, style is a way of life, year round, for those enamored by the inner working of the fashion industry in the city that never sleeps. Read about the latest fashion trends: Luxury Becomes More Discreet. ■