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EFFECTS OF FASHION WEEK

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chanika wongvised

on 31 January 2016

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Transcript of EFFECTS OF FASHION WEEK

NEW YORK
EFFECTS OF FASHION WEEK
Why New York is the City of Fashion??
New York City
is one of the big fours
in the fashion industry.
They were the first capital to begin showing fashion week,
which is why they are always the first to show each year
They have one of the
highest grossing fashion industries in the world.
They have one of the
strongest identity and most influential fashion statements in the world.
New York also
holds large events like fashion week
to showcase the talent, creativity and uniqueness of their homegrown designers.
New York is the one of the busiest
fashion districts which generate a significant amount of economic output
New York Fashion Calendar
One of the busiest calendars
in the fashion industry
fashion events would be simultaneously conducted on different locations making the city’s fashion icons schedule tight
Boutiques are currently running promotional sales at discounted prices
Design Schools
Another reason why New York is very big in the fashion industry is
because it has a multitude of training facilities for people interested in fashion and design.
Design schools abound in New York City.
From there a lot of talents have been honed and cultivated attributing to the city’s diverse fashion.
Because New York is
a multi-racial city
, it has become a melting pot of talents from different origins.
Parsons School of Design
During World War II
New York City was also home of the Garment District
, where the majority of the garments were produced
The couture houses in Europe closed
, so the production of uniforms was moved to New York.
New York challenged the couture of Paris with
producing sportswear
, something that Europe never really saw,

HISTORY
This remarkable rebellion put New York City on the fashion map for the rest of the world to watch.
They were the first to host a fashion week. Originally called “Press Week,

fashion week was originally for American designers to showcase their work for the fashion industry insiders who were unable to travel to Paris due to the war
In the 1940s and 1950s.
Press Week 1943
The Numbers And Economic Benefits Behind The World's Biggest Fashion Show.
NYFW has huge economic benefits to New York’s economy,
generating about $850 million every year
The annual Fall and Spring events bring in between $425 million and $435 million each as attendees flood into local restaurants, hotels and retail stores
The New York City Economic Development Corporation (EDC) analyzed the benefits that NYFW brought to the city and discovered that
$6 million is spent on hotels,
$7 million in retail stores,
$9 million on restaurants
$12 million on leasing venues for the week
Market Size
INTRODUCTION
New York City’s fashion industry employs
180,000 people.

Accounting for 6% of the city’s workforce and generating $10.9 billion in total wages, with tax revenues of $2 billion.
An estimated
900 fashion companies
are headquartered in the city.
New York City attracts hundreds of thousands of visitors each year.
New York City’s fashion sector includes
900 fashion companies
183,000 employees
5.5 percent of the city’s workforce
$11 billion in wages
$2 billion in annual tax revenue
500,000 trade show visitors
$18 billion in retail sales
$72 billion in wholesale sales
$8 billion in manufacturing annual sales
$887 million total economic impact of Fashion Week
" New York Fashion Week brings in approximately “$900 million in total economic impact each year,”
NEW YORK FASHION WEEK ( NYFW )
New York Fashion Week happens
twice a year.
Once in February and once in September
.
Each year, approximately
232,000 people attend the two New York Fashion Weeks
, according to the New York City Economic Development Corporation (NYCEDC).
New York Fashion Week 2015 taking place in the fall was held from Sept. 10 to Sept. 17, and it will likely be the city’s biggest revenue driver
$532 million of that comes from direct visitor spending, according to the NYCEDC.
In fact,
Fashion Week brings in even more money than the New York City Marathon, the U.S. Open and the 2014 Super Bowl in New Jersey.
New York City is the city of fashion because it lives and breathes fashion.
Busiest fashion calender
Fashion schools
Famous fashion designers
Fashion is one of the biggest industries and generate major income to the city and it is also the statement of the people living in New York
CONCLUSION
REFERENCES
Stanfill Sonnet, 2007. New York Fashion. First Edition Edition. Victoria & Albert Museum.
Bradford, Julie (2014). Fashion Journalism. Routledge. p. 129.
Dillon, Susan (2011). The Fundamentals of Fashion Management. A&C Black. p. 115.
"Top fashion weeks around the world". The Independent. 2 January 2011. Retrieved 31 October 2014
Why New York is the City of Fashion – CHRISSORIA. 2016. Why New York is the City of Fashion – CHRISSORIA. [ONLINE] Available at: http://www.chrissoria.com/why-new-york-is-the-city-of-fashion/. [Accessed 28 January 2016].
New York Fashion Week: The Numbers And Economic Benefits Behind The World's Biggest Fashion Show. 2016. New York Fashion Week: The Numbers And Economic Benefits Behind The World's Biggest Fashion Show. [ONLINE] Available at: http://www.ibtimes.com/new-york-fashion-week-numbers-economic-benefits-behind-worlds-biggest-fashion-show-1403129. [Accessed 28 January 2016].
Fashion | NYCEDC. 2016. Fashion | NYCEDC. [ONLINE] Available at: http://www.nycedc.com/industry/fashion. [Accessed 28 January 2016].
| NYCEDC. 2016. | NYCEDC. [ONLINE] Available at: http://www.nycedc.com/in-the-spotlight/fashion. [Accessed 28 January 2016].
How Fashion Week Fuels New York's Economy | GOBankingRates. 2016. How Fashion Week Fuels New York's Economy | GOBankingRates. [ONLINE] Available at: http://www.gobankingrates.com/personal-finance/fashion-week-fuels-new-yorks-economy/. [Accessed 28 January 2016].
Florida, Richard (7 September 2012). "The World's Leading Cities for Fashion". The Atlantic Cities. Retrieved 2 May 2014.
"The Big Four : Fashion Capitals of the World". Fashion Days. 5 February 2014
COTENTS
INTRODUCTION
Why New York is the City of Fashion??
New York Fashion Calendar
Design schools
History
New York Fashion Week ( NYFW)
Economy of New York City
The Numbers And Economic Benefits Behind The World's Biggest Fashion Show
Market size
Political effect
Future Tech Hit NYFW Runway
CONCLUSION
Economy of New York City
The economy of New York City is the largest regional economy in the United States. Anchored by Wall Street, in Lower Manhattan
New York City has been characterized as the world's premier financial center,with tough competition from London and is home to the New York Stock Exchange and NASDAQ, the world's largest stock exchanges by market capitalization and trading activity
Future Tech Hit NYFW Runway
The Adrenaline Dress and Areo Sports Bra by Chromat’s Becca McCharen were two mesmerizing creations that intertwined style with functionality. They broke new ground for clothing that reacts to biometrics.
These two animated garments were designed with the Intel Curie Module — a button-sized computer hardware that can power wearables — and sensors that detect body heat, perspiration and respiration, all things indicative of adrenaline.
Changes in these human biometrics trigger shape-shifting movements, bringing extra comfort or flare to the wearer.
Political effect
New York is the most important source of political fundraising ( Campaign finance ) in the United States
As four of the top five ZIP codes in the nation for political contributions are in Manhattan. The top ZIP code, 10021 on the Upper East Side, generated the most money for the 2004 presidential campaigns of George W. Bush and John Kerry.
The city has a strong imbalance of payments with the national and state governments. It receives 83 cents in services for every $1 it sends to the federal government in taxes (or annually sends $11.4 billion more than it receives back).
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