Fashion is a temporary dominance of a certain style in any sphere of life, the pursuit of novelty. From 1890 to 1960 small businesses for the production of clothing and accessories were gradually turning into mass production and becoming an industry, i.e., an independent sector of the economy, which includes the manufacture, distribution and consumption of goods of some kind, and conjugate sectors. Of great importance was the division of the economy of fashion goods into "haute couture" and "ready-to-wear." It was the beginning of mass production of fashion (and hence rapidly changing and need to be replaced, without waiting for physical depreciation) things had a powerful impact on the economy. The fashion industry has grown around the world rapidly, outstripping other sectors of the economy, although the crises also affect this area. In this case we can speak about a high multiplier effect exerted by the fashion industry on the economy. For example, it gives a powerful impetus to the production of raw materials (animal and plant) and materials, dyes, printing, etc. The product of fashion specific: it is a reflection of the creative and financial components. Fashionable things became symbols of the membership in particular social groups, thereby increasing and maintaining demand. All this ensures further stable growth of all types of production, in one way or another related to the fashion industry. Unfortunately, the Russians´ love for foreign brands inhibits the development of this business in Russia. However, it can be expected that in 2014-2015 this can change due to the sharp depreciation of the ruble. There is a hope that Russian fashion producers will be able to take a chance to strengthen their positions.