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USFIA Releases Fourth Annual Fashion Industry Benchmarking Study

Last week, we released our fourth annual Fashion Industry Benchmarking Study, conducted in conjunction with Dr. Sheng Lu of the University of Delaware. While the majority of executives are optimistic about the five-year outlook for the fashion industry, the percentage fell from 92.3 percent in 2016 to 71.0 percent in 2017—a record low since we began conducting the study in 2014. This decline could be explained by the rise of new challenges for the industry—specifically, the “protectionist trade policy agenda in the United States,” which executives rank as their top challenge this year, up from being ranked the #10 challenge last year. Click here to download the study and get more insights.

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