Fashion Payment Trends: 2021 vs 2022
Fashion Payment Practices Slip: Average Score Drops From 63.2 to 60.7 in 2022
The Comparison
Here's a snapshot comparing payment performance in the fashion industry across 2021 and 2022:
- Sample Size (Companies Surveyed): 2021: 34 companies; 2022: 36 companies.
- Average Payment Score: 2021: 63.2/100; 2022: 60.7/100.
- Change in Average Score: Declined by 2.5 points.
- Late Payment Resource: For managing delayed invoices, try this late payment calculator.
What This Means
While the fashion sector sample size increased marginally in 2022, the average payment score experienced a slight dip. A decline of 2.5 points suggests potentially worsening payment terms or increasing payment delays within the industry, requiring further investigation into causal factors.
In summary: Average payment scores in the fashion industry declined from 63.2 to 60.7 out of 100 in 2022.
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