Insight of the Day: The State of Fashion: “2025 will be difficult, but ...

Nov 18, 2024 · Findings1. The global fashion market is valued at $2.5 trillion, but 80% of executives expect no improvement in 2025.2. 70% of executives cite low consumer confidence …

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Insight Of The Day: The State Of Fashion: “2025 Will Be Difficult, But ...

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Nov 18, 2024 · Findings1. The global fashion market is valued at $2.5 trillion, but 80% of executives expect no improvement in 2025.2. 70% of executives cite low consumer confidence …

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Insight Of The Day: The State Of Fashion 2025: Challenges At Every …

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Nov 11, 2024 · 1. Industry Outlook:By 2025, 80% of executives foresee no significant improvement in the fashion industry due to economic instability, price sensitivity, and changing …

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The State Of Fashion: “2025 Will Be Difficult, But Not For ‘challenger ...

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Nov 18, 2024 · What will 2025 be like for fashion? The report compiled by McKinsey & Company and BoF Insights analysed the signals emerging from the market and gave its verdict. For 80% …

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The State Of Fashion 2025: 80% Expect No Improvement In Global …

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Nov 11, 2024 · Economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead for the global $2.5 trillion fashion industry, according to The …

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Insight Of The Day: The State Of Fashion: “2025 Will Be Difficult, But ...

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Nov 18, 2024 · Findings1. The global fashion market is valued at $2.5 trillion, but 80% of executives expect no improvement in 2025.2. 70% of executives cite low consumer confidence …

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Insight Of The Day: The State Of Fashion 2025: Challenges At …

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Nov 11, 2024 · 1. Industry Outlook:By 2025, 80% of executives foresee no significant improvement in the fashion industry due to economic instability, price sensitivity, and changing consumer behavior. Only 20% expect positive consumer sentiment.2. Declining Focus on Sustainability:Sustainability is deprioritized, with only 18% of fashion leaders identifying it as a …

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FAQs about Insight of the Day: The State of Fashion: “2025 will be difficult, but ... Coupon?

What is the state of fashion 2025?

McKinsey’s latest report, The State of Fashion 2025, provides an insightful look into the challenges and opportunities shaping the industry. Below, we summarise the key insights to help businesses prepare for the coming year. The global fashion industry enters 2025 amidst subdued optimism. ...

Will the fashion industry improve by 2025?

For 80% of the executives, the fashion industry does not foresee any improvement on the global scenario by 2025, although they recognise that it is worth US$2.5 trillion. According to the study, only 20% of top executives expect the market to improve next year, compared to 41% who indicate stability and 39% who expect it to worsen. ...

Is the fashion industry in a precarious position in 2025?

As we look toward 2025, the fashion industry remains in a precarious position, with economic uncertainty, technology, and shifting consumer priorities top of mind. McKinsey’s latest report, The State of Fashion 2025, provides an insightful look into the challenges and opportunities shaping the industry. ...

What do fashion executives think about 2025?

Uncertainty persists as executives enter 2025 with less optimism for the year ahead. (Collage by BoF) For yet another year, the most common sentiment among fashion leaders for 2025 was “uncertainty,” according to the BoF-McKinsey State of Fashion 2025 Executive Survey. ...

Are fashion leaders pessimistic in 2025?

Fashion leaders polled in our annual BoF-McKinsey State of Fashion Executive Survey were just as pessimistic as last year. Just 20 percent expect improvements in consumer sentiment in 2025, while 39 percent see industry conditions worsening. The geographic drivers of revenue and economic profit are also undergoing historic shifts. ...

What is the top risk for fashion in 2025?

Seven out of 10 fashion leaders cited consumer confidence as the top risk for 2025. Executives remain concerned about how geopolitical instability and economic volatility will impact the fashion landscape in the year ahead. Given changing dynamics and conflicts in the geopolitical landscape we expect these risks to stay top of mind. ...