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- Global industry revenues in 2021 grew 21 percent year on year, while the average EBITA margin close to doubled, growing 6 percentage points. The industry continued its strong performance in early 2022, with 13 percent revenue growth in the first half of the year.
www.businessoffashion.com/reports/news-analysis/the-state-of-fashion-2023-industry-report-bof-mckinsey/The State of Fashion 2023: Resilience in the Face of Uncertainty
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Nov 29, 2023 · 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.
Jun 23, 2022 · The fashion industry is currently facing significant economic and geopolitical challenges. Here’s what suppliers and brands can do to adapt and thrive.
Nov 29, 2023 · Key insights. As a whole, the fashion industry is predicted to achieve year-on-year retail sales growth of between 2 percent and 4 percent in the year ahead. Macroeconomic, geopolitical as well as climate-crisis pressures will challenge the industry’s growth, with more than 50 percent of fashion executives surveyed planning to raise prices to ...
1 day ago · However, in 2022, the burgeoning apparel market is fueled by rising fashion trends and a shifting retail landscape across companies. Demand for the market is driven by rising per capita income, favorable demographics, and a shift in preference for branded products.
May 6, 2020 · Amid the pandemic, the apparel, fashion, and luxury (AF&L) industry has moved quickly to address urgent public-health needs—closing stores, manufacturing much-needed items such as face masks and hand sanitizer, and making donations to healthcare and community organizations.
Dec 12, 2019 · From millennial ‘peak-stuff’ to the end of real fur and hi-tech innovation, it’s been quite a decade. Bel Jacobs looks back at fashion’s key trends of the past 10 years.
Nov 30, 2022 · 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.
