Women’s fashion is on the rise, but there’s still a lot of room for growth in the sector, a new report says.
The U.S. Fashion Institute for Women and Men released its 2017 “Women’s Fashion Index” report, which is a compilation of fashion trends, trends in fashion, and trends in business.
The index includes a number of other metrics including sales, margins, and fashion revenue, among others.
For the most part, the fashion industry has continued to grow since 2015, with the growth rate of sales for apparel and accessories in 2017 coming in at 1.2%.
But, as the report notes, it’s also been getting “a lot more aggressive about its efforts to fight back against gender inequality.”
The report found that fashion retailers are doing their best to make the most of the gender gap and create a more inclusive environment, with retailers such as Gap, Anthropologie, and Neiman Marcus leading the way.
The report also found that the number of women in the workforce is on track to reach its highest level in nearly a decade, and the proportion of women working in fashion is expected to rise to 50% by 2025.