By Kristopher Fraser
The United States Fashion Industry Association (USFIA) has released its fourth annual Fashion Industry Benchmarking Study, surveying 34 executives from leading fashion and apparel brands, retailers, importers and wholesalers.
Although there is optimism about the five-year outlook for the fashion industry, many executives are reluctant about positive growth due to political and economic conditions. When surveyed, 71.0 percent of fashion industry executives said they were optimistic about the five-year outlook, which was a severe decline from 92.3 percent the previous year 2016.
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