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1. • • In 2021, the COVID-19 pandemic will accelerate industry trends, with shopping shifting to digital channels and consumers continuing to champion fairness and social justice.
     www.mckinsey.com/~/media/McKinsey/Email/Alerts/2021/02/2021-02-14a.html

     What’s next for the fashion industry - McKinsey & Company

2. People also ask

   What will fashion sales look like in 2021?

   • Given the ongoing uncertainty, our predictions for industry performance next year are focused on two scenarios. The first, more optimistic “Earlier Recovery” scenario envisages that global fashion sales will decline by between 0 and 5 percent in 2021 compared to 2019.

   The State of Fashion 2021 Report: Finding Promise in Perilous Times

   www.businessoffashion.com/reports/news-analysis/the-state-of-fashion-2021-industry-report-bof-mckinsey/

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   How has the fashion & apparel industry changed over the past year?

   • The fashion and apparel industry has taken some interesting directions over the past year. Some of these trends were triggered by the pandemic and cultural shifts that may have lasting impacts for years to come. As a seller in the industry, staying aware of these trends is an absolute must.

   Top 9 fashion and apparel industry trends for 2021

   careerdesignlab.sps.columbia.edu/blog/2021/10/01/top-9-fashion-and-apparel-industry-trends-for-2021/

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   Will fashion companies see a decline in economic profit in 2020?

   • Indeed, according to McKinsey Global Fashion Index analysis, fashion companies will post approximately a 90 percent decline in economic profit in 2020, after a 4 percent rise in 2019. Given the ongoing uncertainty, our predictions for industry performance next year are focused on two scenarios.

   The State of Fashion 2021 - McKinsey & Company

   www.mckinsey.com/~/media/McKinsey/Industries/Retail/Our Insights/State of fashion/2021/The-State-of-Fashion-2021-vF.pdf

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   What happened to the fashion industry in 2020?

   • After 4 percent economic growth in 2019, the events of 2020 devastated fashion industry performance with economic profit estimated to be down 93 percent year-on-year. Fashion industry value is now further concentrated among the top players — 60 percent of the industry was value-destroying in 2019, growing to an estimated 73 percent in 2020.

   The State of Fashion 2021 - McKinsey & Company

   www.mckinsey.com/~/media/McKinsey/Industries/Retail/Our Insights/State of fashion/2021/The-State-of-Fashion-2021-vF.pdf

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   Will Canadian apparel sales rebound in 2021?

   • Retail industry news delivered directly to you. Subscribe to Retail-Insider. Canadian apparel sales rebounded in 2021 and are forecast to continue to grow in the coming years, according to a new report by Trendex North America, a marketing research and consulting firm.

   Canadian Apparel Sales Forecasted to See Strong Growth Over Next

   retail-insider.com/retail-insider/2022/06/canadian-apparel-sales-forecasted-to-see-strong-growth-over-next-several-years-trendex-report/

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   Which country has the most fashion & apparel market shares?

   • The United States is a leader in global market shares, with a market valued at 349,555 million USD. China is a close second at 326,736 million USD. 50% of B2B buyers turn to the internet when looking for fashion and apparel products. Top 9 trends in the fashion and apparel industry

   Top 9 fashion and apparel industry trends for 2021

   careerdesignlab.sps.columbia.edu/blog/2021/10/01/top-9-fashion-and-apparel-industry-trends-for-2021/

   See all results for this question

3. www.statista.com › topics › 5125Canadian apparel market - statistics & facts | Statista

   www.statista.com › topics › 5125

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   Oct 1, 2024 · The Canadian apparel market is the ninth largest apparel market worldwide, with all the countries ahead in the ranking, and many below, boasting significantly larger populations than Canada.

   • H&M Group

     E-commerce as share of total retail sales worldwide...

   • Children's Clothing Largest Retail Chains Canada 2021

     The children's apparel retail chain Carter's/Osh Kosh...

   • Clothing Manufacturing Sales Value Canada 2020

     Number of employees in the apparel manufacturing industry in...

   • Textile, Clothing and Leather Manufacturing GDP Canada 2021

     Premium Statistic Textile and clothing industry investments...

   • Menswear Quarterly Sales Canada 2021

     Men's apparel store monthly sales in the U.S. from 2017 to...

   • Clothing Manufacturers by Region Canada 2021

     Forecast market value of the apparel retail industry in...

   • Apparel Exports From Canada 2022

     Value of the secondhand apparel market worldwide from 2021...

   • Menswear Largest Retail Chains Canada 2021

     Market value of the apparel retail industry in Canada...

4. www.mckinsey.com › ~ › mediaThe State of Fashion 2021 - McKinsey & Company

   www.mckinsey.com › ~ › media

   The State of Fashion 2021 In Search of Promise in Perilous Times EXECUTIVE SUMMARY For the fashion industry, 2020 was the year in which everything changed. As the coronavirus pandemic sent shockwaves around the world, the industry suffered its worst year on record with almost three quarters of listed companies losing money.

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6. retail-insider.com › retail-insider › 2022Canadian Apparel Sales Forecasted to See Strong Growth Over ...

   retail-insider.com › retail-insider › 2022

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   Jun 6, 2022 · Canadian apparel sales rebounded in 2021 and are forecast to continue to grow in the coming years, according to a new report by Trendex North America, a marketing research and consulting firm.

7. www.nytimes.com › 2021/06/18 › businessWhat Are We Going to Wear? - The New York Times

   www.nytimes.com › 2021/06/18 › business

   Jun 18, 2021 · Apparel sales in the U.S. declined 19 percent overall last year, while fashion footwear sales declined 27 percent, according to the NPD Group. A long list of pandemic bankruptcies included Brooks...

   • Author: Sapna Maheshwari

8. www.businessoffashion.com › reports › news-analysisThe State of Fashion 2021 Report: Finding Promise in Perilous ...

   www.businessoffashion.com › reports › news-analysis

   Dec 2, 2020 · The first, more optimistic “Earlier Recovery” scenario envisages that global fashion sales will decline by between 0 and 5 percent in 2021 compared to 2019. This would be predicated on successful virus containment in multiple geographies and a relatively rapid transition to economic recovery.

9. www.statista.com › topics › 5091Global apparel market - statistics & facts | Statista

   www.statista.com › topics › 5091

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   Oct 22, 2024 · In 2023, executives in the industry were split as to their expected change in the global fashion market conditions. Only around one quarter of experts were positive about the outlook for 2024.

10. careerdesignlab.sps.columbia.edu › blog › 2021/10/01Top 9 fashion and apparel industry trends for 2021

    careerdesignlab.sps.columbia.edu › blog › 2021/10/01

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    Oct 1, 2021 · In this post, we’re going to break down 9 of the top trends in fashion and apparel before we dive into some 2021 predictions for the industry. We will wrap things up by discussing some of the best tips for selling clothing on Alibaba.com.