FASHION INDUSTRY Zara is the key brand of the Inditex group, which is one of the biggest retailers in the apparel segment. Zara is the part of the fashion industry with strongest competitive position in the global market. Products retailed in the industry of fast fashion are regularly making their way to the wardrobes of the customers from last five years.
SIZE OF FASHION INDUSTRY The fast fashion industry has developed 21% over the past some years. In comparison to the luxury market, which has reflected mediocre growth in the year 2016, fast fashion retailer are developing at fast rate.
CONTRIBUTION OF FASHION INDUSTRY Fashion retailing is one of the significant economic activities as it offers an edge between the manufacturing and distribution of the products and their intake by the society of the Australia. According to the research, it has been identified that the retail industry has major contribution in the economy of the nation with around 6-7% of GDP.
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KEY PLAYERS OF INDUSTRY The key players in the Australian fast fashion industry are: Zara Cotton on H&M Uniqlo Gap
MARKET SHARE OF PLAYERS IN AUSTRALIA AND WORLD
REFERENCES Compettia. (2018).Retail Sales Reps are Crucialin the Modern Fashion Industry Share.Retrieved fromhttps:// blog.atrivity.com/retailers-take-advantage-of- short-supply-chains IBIS World. (2019).Fast Fashion - Australia Market Research Report. Retrieved fromhttps:// www.ibisworld.com.au/industry-trends/special ised-market-research-reports/consumer-good s-services/fast-fashion.html