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This question is about fashion industry statistics.
The fashion industry across the globe isn't dying, but it's going through some changes.
COVID-19 did negatively impact the success of the clothing market. It was one of the most brutally hit industries during the pandemic, with retail sales in clothing and fashion stores declining by 28.5% -- one of the steepest drops in the retail industry to date.
However, e-commerce has inspired hope within the fashion world. Over the past decade or more, e-commerce has grown enormously in popularity, and it's changed the way that consumers shop. In many ways, this has breathed new life into the fashion and apparel industry, especially after the major decline of in-person shoppers.
Additionally, some of the environmentally unsustainable ways of the fashion industry may be starting to die out, which wouldn't be the worst thing in the world. The production of apparel takes a huge toll on the world's water supply, and every second, there is the equivalent of a garbage truck filled with clothes burned or dumped in landfills.
As the public's tolerance for these types of atrocities wears thin, companies within the clothing market have started to move towards developing a more environmentally-conscious production process.
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