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21. Luxury Leads the Way: Profitability and Predictions
(Article)
08 December 2023, Mumbai McKinsey's State of Fashion 2024 report Video Insights Luxury's Remarkable Recovery: 36% profit increase in 2023, surpassing all other segments. More than doubled econom ...
Created on 09 December 2023
22. Sharp surge in demand for luxury fashion will lead to global profits in 2024
(Fashion)
In 2024, the luxury category is poised to once again dominate the global fashion industry, leading in profitability, as indicated by McKinsey's State of Fashion 2024 report. The luxury segment showcase ...
Created on 07 December 2023
23. Fashion in Limbo: Uncertainty, Resilience, and New Growth
(News)
04 December 2023, Mumbai Recovery Stumbles, Consumers Cautious – Fashion Faces Rocky 2024 McKinsey report: Slow, uneven global rebound casts doubt on industry's future. Pessimistic consumers ...
Created on 04 December 2023
24. India's Fashion E-commerce: Unprecedented Growth
(Article)
...  spend hours scrolling through their feeds.  The Emergence of Social Media And as the just released ‘The State of Fashion 2023’ McKinsey & Company and The Business of Fashion report suggest, this networ ...
Created on 17 July 2023
25. Challenging demand environment impact Apparel Imports
(Article)
... t, jointly presented by The Business of Fashion and McKinsey & Company, delivers a sobering outlook for the fashion industry in 2023.  The report highlights a forthcoming global slowdown, attributed to ma ...
Created on 07 July 2023
26. Visibility is vital for agility, resilience, ESG
(Article)
...  become more apparent as awareness and regulatory oversight increase. According to McKinsey & Company, achieving sustainable goals is a comprehensive organizational challenge that often requires product p ...
Created on 06 July 2023
27. Luxury Brands Tap India's Aspiring Youth
(Article)
... viduals favor the fusion of luxury and streetwear styles. This generation sees no reason why everyday life cannot be luxurious.  Achim Berg, a senior partner at McKinsey and global leader of its apparel,  ...
Created on 04 July 2023
28. Social media influencers boost luxury sales among Gen Z in India
(Retail)
... as this generation sees no reason why everyday living can’t be luxurious. Trends; Achim Berg, a senior partner at McKinsey and global leader of its apparel, fashion, and luxury group explains that combining ...
Created on 04 July 2023
29. Fashion Retailers Face Slower Growth as Demand Softens
(Article)
... l spending on a seasonally adjusted basis, following a 0.2 percent decline from February to January 2023. Prophecy According to McKinsey's fashion forecast, fashion retailers are projected to experie ...
Created on 21 June 2023
30. Textile sector anticipates global demand rebound
(Article)
...  Cautious optimism The global textile industry is expected to experience a surge in demand, particularly in luxury apparel and footwear, with a projected 16% growth, according to McKinsey.  From Apri ...
Created on 17 June 2023
31. BRICS Fashion Textile Sector defies odds
(Article)
... e and fashion industry in BRICS countries is expected to grow at a compound annual rate of 6 to 7 percent between 2019 and 2025, according to a McKinsey & Company report. What all you need to know Kicker ...
Created on 28 April 2023
32. Retail's Digital Boom Amid Pandemic
(Apparel)
... to a McKinsey report. What all you need to know The COVID-19 pandemic has pushed the retail industry towards digital adoption. Even though customers wish to return to physical stores, they have grown ...
Created on 18 April 2023
33. Indian Textile SMEs Face Headwinds as Global Demand Declines
(Article)
... 2, totaling $3.1 billion. A McKinsey report has also highlighted concerns about the outlook for textile and garment exports in 2023. The production of textiles, as measured by the Index of Industrial Product ...
Created on 10 April 2023
34. Trendy Indian Fashion for Summer 2023
(Article)
... r long supply chains. Market Size and Facts Fundamental tailwinds; According to research from McKinsey, India's clothing market will be valued at $59.3 billion in 2022, ranking it sixth in the world af ...
Created on 08 April 2023
35. Creative Discount Strategies Boost Sales Amid Economic Turmoil
(Article)
... used in the Indian apparel industry to drive sales and navigate economic uncertainty. The State of Fashion report of McKinsey reflects that " 84% of industry captains/leaders expect market conditions ...
Created on 03 April 2023
36. Is fast fashion out of fashion?
(Article)
... se to Rs 6,400 by 2023 from Rs 3,900 in 2018, as per the Indian Chamber of Commerce's (ICC) earlier report alongside A 2019 Mckinsey report mentioning that India would become the most attractive consumer ma ...
Created on 28 March 2023
37. Early summer arrival impact on Indian Apparel Sector
(Article)
... s. According to research from McKinsey, India's clothing market will be valued at $59.3 billion in 2022, ranking it sixth in the world after Germany and the United Kingdom. Between now and 2025, the address ...
Created on 14 March 2023
38. In the climate of uncertainty, how is the layoff scene in Apparel Sector
(Article)
... during & post-pandemic, and is on its way to growth. According to a report by McKinsey & Company, the Indian apparel market size is projected to keep growing at a decent compound annual growth rate (C ...
Created on 24 February 2023
39. How do we see the US & Europe textile demand coming back in 2023
(Article)
... es of clothes have been negatively impacted by high inflation and low consumer confidence after 18 months of solid growth through mid-2022. The outlook for 2023 is bleak, according to a McKinsey analy ...
Created on 31 January 2023
40. Apparel Industry outlook in 2023
(Article)
18 January 2023, Mumbai The seventh annual State of Fashion report from The Business of Fashion and McKinsey & Company, The State of Fashion 2023: Resilience in the Face of Uncertainty, reveals the industry ...
Created on 18 January 2023