Apparel industry briefing
Global fashion industry heading for 2023 slowdown
The State of Fashion 2023 report published by McKinsey & Company and The Business of Fashion, highlights how over half of global fashion industry executives expect conditions to worsen in 2023.
New shopping habits are emerging
Global market forecasts and consumer survey data confirm that ‘non-essential’ or ‘indulgence’ categories within consumer goods will be the most impacted going forward.