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Dec 21, 2021 · 21 December 2021. BoF PROFESSIONAL. A year of crisis and disruption hasn’t slowed the world’s biggest fashion market, but it is reshaping it. While domestic luxury sales in China are expected to roughly double next year compared to 2019, according to BoF and McKinsey’s The State of Fashion 2022, the brands and companies positioned to ...
Jan 4, 2021 · How China Will Shape the Fashion System. China has pulled ahead of the U.S. in retail, and is on track to do the same in the apparel market. SHANGHAI — While the industry in the West is ...
Dec 13, 2021 · The Chinese fashion market, both luxury and non-luxury segments, is already back to pre-Covid sales levels. The non-luxury segment reached +2% over 2019 H1 sales in H1 2021. However, for a full-year comparison, macroeconomic disruptions through the latter half of 2021 will likely temper this growth to -3 to +2% for 2021 versus 2019 sales ...
- Kate Birch
May 31, 2024 · China has been the leading global producer and exporter of apparel for over a decade, but it’s also now the world’s biggest fashion market measured by apparel and footwear sales. As of 2021, 170,000 apparel companies were employing over 8 million people in China.
Dec 3, 2020 · The new State of Fashion 2021 report is based on two McKinsey fashion scenarios: a more optimistic “Earlier Recovery” scenario predicts that global fashion sales will decline by between 0 and 5 percent in 2021 compared to 2019, and a “Later Recovery” scenario would see sales growth decline by 10 to 15 percent next year compared with 2019.
- Yaling Jiang
Oct 3, 2024 · Clothing made with down by a domestic fashion brand is showcased during the Shanghai Fashion Week in September. CHINA DAILY China became the world's largest footwear and clothing consumption market in 2021, accounting for 25 percent of the overall market, according to an industry report, pointing to an upgrade in the quality of the country's fashion industry.
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Dec 5, 2018 · According to The State of Fashion 2019, a report co-published last week by The Business of Fashion and McKinsey & Company, "Greater China will for the first time in centuries overtake the US as the world's largest fashion market next year." The report surveyed more than 270 global fashion executives, and uses McKinsey & Company’s database of ...
