The U.S. was expected to continue with its place as the leading regional market for luxury goods in 2015, with an estimated value of 78.6 billion euros (or roughly $91 billion).
The employment of fashion designers is projected to grow by 3% from 2016 to 2026.
According to a report from market research firm OnePoll, women spend more than 100 hours (and take 30 trips) per year shopping for clothes.
In 1930, the average American woman owned nine outfits. Today, the average American woman owns 30 outfits -- one for every day of the month.
According to the U.S. Bureau of Labor Statistics, the average American family spends $1,700 on clothes every year.
In 2017, the revenue of the women's and girls' apparel market was $117 billion, while the revenue from the men's and boys' apparel market equaled $87 billion.
Luxury goods sales have grown at 3.4% annually, but McKinsey forecasts suggest that e-commerce could triple in sales over the next decade.
The number of potential fashion customers is projected to grow to more than 1.2 billion by 2020, with the majority of new customers being ages 16 to 24 and 25 to 34.
Worldwide e-commerce fashion industry revenue is predicted to rise from $481.2 billion in 2018 to $712.9 billion by 2022.