TABLE OF CONTENTSTABLE OF CONTENTS 1ABOUT THIS DOCUMENT 1THE CLOTHING INDUSTRY IN THE GLOBAL WORLD 1Overview of the clothing industry 1Overview of the style industry of life 2Globalization trends 3Globalization - Integration of functional activities 4 FORECASTS AND FORECASTS 55 year horizon 510 year horizon 5ABOUT THIS DOCUMENTThe omnipresence of retail in the Western world leaves the sector open to careful analysis. This paper is intended to expertly address the overall effects on a single retail subsector: specialty apparel. To do this, I will gain perspective by considering all recent global developments in the industry. First, this paper captures the current environment of the mall lifestyle clothing retail industry and unifies these findings to highlight the effects of globalization on the industry. document plans for the future landscape of the industry over a 5 to 10 year horizon; and indicates the real choices that businesses should make to better align with the global industry environment. the total. Competition for these consumer dollars accelerated with the lifting of import quotas on textiles and clothing by most members of the World Trade Organization (WTO) in January 2005. The absence of these quotas allows clothing manufacturers to source high-quality goods from the most reliable suppliers, regardless of their country of origin. Nevertheless, many clothing retailers and their suppliers will likely want to maintain diversity in their supplies to avoid being harmed by so-called safeguard and protectionist agreements (e.g. U...... middle of paper ..... .materialize, we could see drastic changes in companies' strategies, where they could start to diversify and buy unrelated businesses to recover faltering sales. Longer term, I also expect the industry to shift. towards more efficient and less fragmented supply where the current quota system does not Rapid technological advances will continue to make the world smaller, more competitive and faster. Therefore, the ability of companies to spot and integrate. new technologies in new business models will be essential I don't consider it utopian to have tailor-made everyday clothing, where the consumer can design clothes using online technology and them. get at affordable prices. Clothing companies will be online shopping stores, commoditize and outsource all their key activities except marketing. and brand management.