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Women spend the majority of consumer dollars worldwide and in the United States, we populate the majority of fashion jobs. But we aren't calling the shots at the very top of the industry. This Saturday at SXSW, join Racked and a panel of female leaders in fashion, shopping, and beauty as we discuss how that can change.
According to Nielsen, "Almost all income growth in the U.S. over the past 15 or 20 years has come from women." Per a study by Boston Consulting Group, women "control $12 trillion of the overall $18.4 trillion in global consumer spending." In 2009, Harvard Business Review found that, "In aggregate, women represent a growth market bigger than China and India combined—more than twice as big, in fact." Keeping those numbers in mind, it seems like madness that of S&P 500 retail companies, women hold 54.8% of all jobs but only 5.4% of CEO positions and 9.9% of board seats.
Our panelists have all found success with women-run companies. Weighing in are Yael Aflalo, founder and CEO of Reformation; Tina Craig, founder and CEO of Snob Global Media; and Hayley Barna, co-founder and co-CEO of Birchbox. They'll be telling us what the industry at large can learn from their career paths, and how best to cater to today's women.
What Fashion Can Learn from Female-Led Companies
Saturday, March 14 from 9:30am to 10:30
JW Marriott, Room 206, 110 E 2nd Street