WebDec 6, 2024 · McKinsey identified ten themes it expects will be critical for the business of fashion in 2024: Uneven Recovery: Recovery from COVID-19-related economic shocks will … WebDec 5, 2024 · The fashion market, excluding the luxury sector, will struggle to deliver significant growth in 2024. McKinsey analysis of fashion forecasts projects relatively slow sales growth of between –2 and +3 percent, weighed down by a contraction in the European market (expected to shrink between 1 and 4 percent) (exhibit).
South East Asia Fashion Sustainability Report 2024 - Issuu
WebJul 19, 2024 · In line with this, The State of Fashion, a report by McKinsey on the fashion industry, was published in 2024. This article summarizes the 144-page McKinsey Report, highlighting the trends in the fashion industry and making specific predictions. Fashion Industry and The Economy: Post Pandemic WebNow, McKinsey & Company and The Business of Fashion (BoF) are aiming to close that gap. Our first State of Fashion report lays the foundation for rigorous in-depth research and analysis of the global fashion industry, focusing on the themes, issues, and opportunities impacting the sector and its performance. phoenix house wf3 1we
The State of Fashion 2024: Resilience in the Face of Uncertainty
WebNov 30, 2024 · The State of Fashion 2024: Resilience in the Face of Uncertainty. The seventh annual State of Fashion report by The Business of Fashion and McKinsey & … WebDec 17, 2024 · McKinsey & Company estimate that fashion company revenues will “ contract by 27 to 30 percent in 2024 year-on-year,” with a “ 90 percent decline in economic profit in 2024.” In this context,... WebDec 2, 2024 · In December 2024, McKinsey & Co’ and Business of Fashion (BOF) released its annual State of Fashion report. Below are the key points in the report regarding the sourcing trends in the year ahead: how do you duplicate in photoshop