State of Fashion news and archive

Navigating the new fashion landscape in 2025

The global fashion industry is bracing for a pivotal year in 2025, as structural changes in consumer behavior and macroeconomic headwinds force a fundamental rethink of traditional growth strategies. According to the latest BoF - McKinsey State of Fashion 2025 report, the industry faces a sobering reality: just 20 percent of executives expect...

BusinessFeatured

Report forecasts uncertainty for the fashion industry in 2024

The fashion industry’s outlook has never been so uncertain, as geopolitical upheaval, climate challenges and nagging inflation keep markets unsteady. The new challenges in a post-covid climate directly impact consumer confidence, as highlighted in The State of Fashion 2024 report, a collaborative effort by McKinsey & Company and Business of...

Fashion |Report Featured

Fashion industry to double down on tech investment to stay competitive

Last week Bored Ape Yacht Club, a non-fungible token (NFT) collection built on the Ethereum blockchain, sold the biggest metaverse NFT project to date, with over 320 million dollars of assets sold in one mint. The news comes as fashion companies are set to invest record amounts in technology, nearly doubling their stake from 1.6 percent in 2021...

Fashion Featured

Top 10 challenges facing fashion in 2020

"Anxiety" and "worry". With those two words we could very well define the feelings with which the fashion world, and its top executives, face the year 2020. This situation is counterbalanced by the slight air of optimism with which some sectors, especially in the United States, were entering 2019. This is at least what the latest annual report...

Retail

Redress Design Awards proves that fashion doesn’t have to be wasteful

An exhibit featuring pieces from the Redress Design Awards 2018 opened at Fashion for Good Experience in Amsterdam. The diverse array of collections were made entirely from waste, ranging from the usual suspects of dead stock textile and surplus materials from manufacturing, to more unusual contributors such as furniture offcuts and sofa...

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Video: Digital Landgrab | The State of Fashion 2019

The e-commerce war will continue, as digital players strive to become the platform of choice for both consumers and fashion companies. Source: Youtube, BoF, McKinsey

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Video: Radical Transparency | the State of Fashion 2019

Fashion companies must come to terms with consumer's desire for transparency across the supply chain, reveals McKinsey & Business of Fashion's report. Source: Youtube, BoF

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Video: Now or Never | The State of Fashion 2019

Shorter lead time and new search technologies are the main focuses of fashion companies, reported McKinsey & Company. Source: Youtube, BoF

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Video: Getting Woke | The State of Fashion 2019

Increasing consumer concern pushes fashion brands to embrace radical transparency and sustainable production methods. Source: Youtube, BoF

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Video: The State of Fashion 2019

The state of fashion for 2019, as analysed and predicted by McKinsey and the Business of Fashion. Source: Business of Fashion, McKinsey, Youtube

Business

Four keys for fashion retailers to harness the opportunities that new year will bring

Being nimble, digital-first, quicker to market and customer-centric are some of the keys for fashion industry players to harness the opportunities that 2019 is expected to create. In a recent report titled ‘The State of Fashion’ international consultancy firm McKinsey and the Business of Fashion have teamed up to bring some of the keys for...

Video

Video: The State of Fashion in 2019

The Business of Fashion x McKinsey Source: Business of Fashion, YouTube.