Business Of Fashion State Of Fashion 2020

This fourth in our annual series analyzes major themes around the fashion economy and breaks new ground to explain the dynamics driving the industry.

Business of fashion state of fashion 2020. Created in partnership with mckinsey company the report anticipates that due to the pandemic companies will post a 90 percent drop in profit by the end of. In contrast to last year when there were pockets of optimism in north america and within the luxury segment we now see pessimism across all geographies and price points. These are some of the findings from our latest report the state of fashion 2020 written in partnership with the business of fashion bof.

Secondo la quarta edizione del fashion report realizzato da the business of fashion e mckinsey company infatti i leader della moda non attendono con ansia il 2020 e si preparano per un rallentamento della crescita economica globale. The state of fashion 2020. A influenzare il clima dell industria della moda soprattutto l incertezza politica e geopolitica.

The prevailing mood among respondents to our executive survey is one of anxiety and concern. In troubled times fortune favours the bold the fourth annual state of fashion report by the business of fashion and mckinsey company forecasts slowing growth for the second year in a row and underscores a prevailing mood of anxiety and concern amongst senior fashion executives. Coronavirus update it s time to rewire the fashion industry faced with a 27 to 30 percent contraction in global revenues fashion is currently focused on crisis management and contingency planning but eventually we must shift towards re imagining our industry altogether.