The document discusses Toronto's fashion industry and compares it to New York's larger fashion industry. Toronto has over 4,600 fashion retail stores generating over $2.6 billion annually and employs over 50,000 people in fashion manufacturing and design. New York's fashion industry employs over 122,000 people, almost three times more than expected based on its population, concentrated in apparel manufacturing, wholesaling, and jewelry. Hong Kong is also a major global hub for the clothing industry.