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How to Start a Fashion Business
Ajaero Tony MartinsFashion & Style
Have you ever thought of starting your own fashion business but do not actually know how and where to start? Are you in need of fashion business ideas and opportunities?
Do you want to know what it takes to setup a profitable fashion boutique? Do you need a practical sample fashion boutique business plan template and feasibility study? Then read on.
Running a fashion boutique is one of the most exciting possibilities for those of you who are seeking the ideal business to start up. It is an especially attractive prospect for the ladies’. However, the nature of the business doesn’t exclude the gentlemen from embarking on this industry either.
Now for those who are beginners or novice to the happenings in the fashion industry; let me share some statistics with you. Below are some facts about Fashion Business/industry in the United States.
12 Facts about the Fashion Business Industry
The fashion industry in the United States alone grew 4 percent in 2011, yielding a total sale of $199 billion and over 4 million people are employed by the fashion industry of US. New York and California are cities having the greatest concentration of fashion designers. In Nigeria, the highest concentration of Fashion Designers can be found in Lagos, Abuja and Port Harcourt.
US is regarded as the largest importer of garments in the world and China accounts for 35 percent of every apparel sold in the US. Nigeria is also the biggest importer of garments in Africa, staying ahead of countries like Ghana, South Africa, etc. Importation of textiles materials was once banned in Nigeria but the ban has been lifted. However, there is a long term plan by the government to prohibit the textile importation, so as to encourage local content production.
In 2010, each American household spent on average $1700 on apparel and foot wears; and this is growing rapidly.
Children, men and women’s apparel increased by 4
Ajaero Tony MartinsFashion & Style
Have you ever thought of starting your own fashion business but do not actually know how and where to start? Are you in need of fashion business ideas and opportunities?
Do you want to know what it takes to setup a profitable fashion boutique? Do you need a practical sample fashion boutique business plan template and feasibility study? Then read on.
Running a fashion boutique is one of the most exciting possibilities for those of you who are seeking the ideal business to start up. It is an especially attractive prospect for the ladies’. However, the nature of the business doesn’t exclude the gentlemen from embarking on this industry either.
Now for those who are beginners or novice to the happenings in the fashion industry; let me share some statistics with you. Below are some facts about Fashion Business/industry in the United States.
12 Facts about the Fashion Business Industry
The fashion industry in the United States alone grew 4 percent in 2011, yielding a total sale of $199 billion and over 4 million people are employed by the fashion industry of US. New York and California are cities having the greatest concentration of fashion designers. In Nigeria, the highest concentration of Fashion Designers can be found in Lagos, Abuja and Port Harcourt.
US is regarded as the largest importer of garments in the world and China accounts for 35 percent of every apparel sold in the US. Nigeria is also the biggest importer of garments in Africa, staying ahead of countries like Ghana, South Africa, etc. Importation of textiles materials was once banned in Nigeria but the ban has been lifted. However, there is a long term plan by the government to prohibit the textile importation, so as to encourage local content production.
In 2010, each American household spent on average $1700 on apparel and foot wears; and this is growing rapidly.
Children, men and women’s apparel increased by 4