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  1. mckinsey.com

    Nov 11, 2024Fashion leaders polled in our annual BoF-McKinsey State of Fashion Executive Survey were just as pessimistic as last year. Just 20 percent expect improvements in consumer sentiment in 2025, while 39 percent see industry conditions worsening. The geographic drivers of revenue and economic profit are also undergoing historic shifts.
    • The State of Fashion 2024 report

      According to McKinsey's analysis of fashion forecasts, the global industry will post top-line growth of 2 to 4 percent in 2024 (exhibit), with regional and country-level variations. Once again, the luxury segment is expected to generate the biggest share of economic profit.

    • The State of Fashion 2020

      The State of Fashion 2020 CONTRIBUTORS ACHIM BERG Based in Frankfurt, Achim Berg leads McKinsey's Global Apparel, Fashion & Luxury group and is active in all relevant sectors including clothing, textiles, footwear, athletic wear, beauty, accessories and retailers spanning from the value end to luxury. As a global fashion industry and retail ...

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  3. mckinsey.com

    Nov 29, 2023According to McKinsey's analysis of fashion forecasts, the global industry will post top-line growth of 2 to 4 percent in 2024 (exhibit), with regional and country-level variations. Once again, the luxury segment is expected to generate the biggest share of economic profit.
  4. mckinsey.com

    Nov 14, 2024Indeed, some 22 percent of executives say it will be the key momentum driver in the coming year—a percentage point less than the proportion that cites "uncertainty" and slightly more than the 20 percent that pick "challenging." 7 McKinsey State of Fashion 2021 Survey; McKinsey analysis. Ten themes for 2021
  5. businessoffashion.com

    Nov 11, 2024The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion's data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead. Download the full report to understand the 10 themes that will shape the industry and the opportunities for growth in 2025.
  6. businessoffashion.com

    The seventh annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals the industry is heading for a global slowdown in 2023 as macroeconomic tensions and slumping consumer confidence chip away at 2022′s gains. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
  7. businessoffashion.com

    Nov 29, 2023Indeed, the word most often mentioned by executives in the BoF-McKinsey State of Fashion 2024 Executive Survey was "uncertainty." Consumer confidence will remain fragile, although for different reasons in key markets of the US, Europe and China. As a whole, the fashion industry is predicted to achieve year-on-year retail sales growth of ...
  8. manufacturingdigital.com

    Nov 15, 2024The fashion industry will face a tumultuous period of shifting consumer behaviours, sluggish revenue growth and significant economic uncertainty in 2025, according to McKinsey. 'The State of Fashion 2025: Challenges At Every Turn' highlights the impact of inflation, climate change acceleration and global trade disruption on fashion manufacturing. One area the report focuses on in particular is ...
  9. McKinsey's latest report, The State of Fashion 2025, provides an insightful look into the challenges and opportunities shaping the industry. Below, we summarise the key insights to help businesses prepare for the coming year. Steadying the ship amid turbulence. The global fashion industry enters 2025 amidst subdued optimism.
  10. businessoffashion.com

    Jan 2, 2025The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion's data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead. Download the full report to understand the 10 themes that will shape the industry and ...
  11. mckinsey.com

    The State of Fashion 2020 CONTRIBUTORS ACHIM BERG Based in Frankfurt, Achim Berg leads McKinsey's Global Apparel, Fashion & Luxury group and is active in all relevant sectors including clothing, textiles, footwear, athletic wear, beauty, accessories and retailers spanning from the value end to luxury. As a global fashion industry and retail ...
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