CIT and the California Fashion Association release the third “L.A. Area Fashion Industry Profile,” featuring an inaugural L.A. Apparel Survey
- Los Angeles’ Fashion Industry Continues to Play Crucial Role in Area’s Economy and Is at the Forefront of Nationwide Trends in Social Media, Online Sales and Marketing, and Design and Manufacturing Technology
- L.A. Companies Capture Almost $18 Billion in Revenues Through Fashion Industry; Nearly $7 Billion Flows to Local Workers
- Surveyed L.A. Apparel Executives See Opportunities in Social Media and E-commerce; Challenges in Costs and Consolidation
Los Angeles’ fashion industry continues to play a crucial role in the city’s economy, while adopting a vanguard position in social media, online sales and marketing, and design and manufacturing technology — trends that are changing the fashion industry. These and other insights are found in the 2016 “Los Angeles Area Fashion Industry Profile” (cit.com/lafashion). The report was commissioned by CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, and the California Fashion Association (CFA). In addition, the 2016 L.A. Area Fashion Profile features the inaugural L.A. apparel industry survey, which includes responses from more than 50 L.A. area apparel executives from a mix of manufacturers and licensors.
