Fashion Payment Practices: Slight Improvement Seen Between 2020 and 2025 (+4.3 Points)

The Comparison

• 2020: A study of 33 fashion companies revealed an average payment practices score of 59.6 out of 100.
• 2025: A similar study, analyzing 29 fashion companies, showed an average payment practices score of 63.9 out of 100.

What This Means

The fashion industry has witnessed a marginal improvement in payment practices over five years. While an increase is positive, the 4.3-point rise suggests progress is slow and that substantial challenges in fair and timely payments persist for suppliers. For companies struggling with late payments, a late payment calculator can assist in calculating potential interest and compensation owed.

One-line summary: Fashion payment practices showed only minor progress, increasing from 59.6/100 in 2020 to 63.9/100 in 2025.