London which was known as the “little sister” of the big four fashion capitals is now seen as one of the most creating capital as well as nurturing sucessful global fashion brand such as Anya Hindmarch, Burberry Prorsum, Hunter Original, Paul Smith, Pringle of Scotland, and Topshop Unique showed alongside future global starlets such as Simone Rocha, Mary Katrantzou, Holly Fulton, Peter Pilotto and Gareth Pugh in a range of venues across the capital.
The highlight of the international fashion and retail calendar turned global attention to the UK. The most important financial impact of the British fashion industry is on its UK economy – £26billion to be precise! This figure takes into account not only the direct contribution of wholesale, retail and manufacturing, but also the knock-on impact on tourism and the financial services in the country. London Fashion Week alone generates over £100million worth of orders each season, as well as welcoming guests, journalists and buyers from 61 countries around the world.
The UK fashion industry now employs over 797,000 people in the UK and the figure is likely to rise over the next few years as more positions open up within the industry in various fields.
One of the key takeaways is that £10.7billion is spent annually on online fashion in the UK, and this figure is expected to reach £19billion by 2019. This will lead to amazing opportunities for eCommerce development and creative online marketing campaigns.