If you, I and every other person inhabiting this planet owned just one pair of pants and one shirt each, there would still be more than 14 billion articles of clothing. With Americans buying on the average, 64 pieces of apparel, every year now, we can add another 19 billion articles of cl0thing from the US alone! Though the face of the fashion industry has dramatically changed over the last 30 or 40 years, the obsession over American fashion trends has led to a textile avalanche on a global scale. As clothing liquidators, even we are sometimes amazed by the number of apparel products produced and distributed annually. Because clothing is a universal need, the statistics the fashion industry creates are nothing less than astounding. Consider the following:
- The clothing industry generates more that $2500 trillion worldwide.
- Children’s clothing has grown in sales by 15%, surpassing $186 billion in 2014.
- Menswear accounts for $402 billion where women spend more than $620 billion.
- The average American household spends about $1,700 on clothing, footwear and accessories.
- More than 230,000 people attend New York’s Fashion Week every year.
- Fashion Week generates about $20 million in revenue for the city of New York.
- Textile mills in China turn rivers a rainbow of colors with the runoff from the dyes used to color the clothing they manufacture.
- China produces more than 50% of the world’s total clothing fiber production.
- Employment in US apparel factories has declined more than 80% over the last two decades.