Skip to Main Content

Home Research Industries

Fashion and Apparel

Industry Outlook

In the face of foreign competition, the future of the apparel industry is unclear. Employment in the domestic apparel industry has declined dramatically in recent years as foreign companies have become able to produce goods less expensively than the United States. Changing trade regulations are the most significant factor in this decline. In 2005, the World Trade Organization lifted quotas for apparel and textile products that have prompted U.S. retailers to import greater quantities of apparel that is made in foreign countries with less expensive labor. In addition, domestic production has continued to move abroad, causing further employment decline for apparel workers in the United States.

Join Vault Gold to unlock this premium content

Structure - Outlook - Resources & Associations and more

Submit a Review and Get 7 FREE DAYS of Vault Gold

Are you a student? You may have FREE access.

Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. To determine if your school is a partner, please enter your school email address below.