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Americans Spent Almost $380B on Fashion Last Year

The fashion industry is a catalyst for economic prosperity in the U.S.

According to a recent report titled The Economic Impact of the Fashion Industry, Americans spent almost $380 billion on fashion last year and the industry created jobs for more than 1.8 million Americans in 2015.

“Fashion-related jobs are a vital part of the economy across the U.S., and especially in New York City, which I am proud to represent in Congress,” Rep. Carolyn Maloney (D-New York) said. “As this new report makes clear, everyone in the industry, from the designer who creates a red-carpet gown to the retail worker who folds and sells the season’s latest looks, plays a critical role in this major economic driver.”

Read more at Sourcing Journal.