Clothing industry is undergoing major financial pressures and strategic changes.

Global apparel industry, a keystone in consumer markets and culture, has been trending turbulent. The challenges this year included volatile consumer demand, increased competition, and changes within market dynamics, compelling many brands to rethink their strategies as well as financial approaches to remain in the game. This turbulence spells out among other things a probable reshaping of the manner in which fashion businesses are done in a more competitive and resource-conscious world.