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.