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- The fashion industry consists of four levels: the production of raw materials, principally fibres and textiles but also leather and fur; the production of fashion goods by designers, manufacturers, contractors, and others; retail sales; and various forms of advertising and promotion.
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The accessories segment of the global e-commerce fashion market generated a revenue around $261.5 billion dollars in 2021. The footwear market had a revenue of around $122 billion dollars in 2021. Source: Statista, April 2022. The e-commerce fashion industry is expected to grow to $744.4 billion dollars in 2022.
Nov 29, 2023 · Against this backdrop, businesses will be challenged to identify pockets of value and unlock new drivers of performance. According to McKinsey’s analysis of fashion forecasts, the global industry will post top-line growth of 2 to 4 percent in 2024 (exhibit), with regional and country-level variations.
The Business of Fashion, Robb Young oversees content from Asia-Pacific, the Middle East, Latin America, Africa, the CIS and Eastern Europe. He is an expert on emerging and frontier markets, whose career as a fashion editor, business journalist, author and strategic consultant has seen him lead industry projects around the world.
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Apr 17, 2024 · The fashion industry consists of four levels: the production of raw materials, principally fibres and textiles but also leather and fur; the production of fashion goods by designers, manufacturers, contractors, and others; retail sales; and various forms of advertising and promotion.
Nov 29, 2023 · Imran Amed, Achim Berg. 29 November 2023. Key insights. As a whole, the fashion industry is predicted to achieve year-on-year retail sales growth of between 2 percent and 4 percent in the year ahead.
Jun 23, 2022 · The fashion industry is currently facing significant economic and geopolitical challenges. Here’s what suppliers and brands can do to adapt and thrive.
Dec 2, 2020 · The fifth annual State of Fashion report by The Business of Fashion and McKinsey & Company forecasts the continuation of tough trading conditions next year, forcing companies to find their ‘silver linings strategies.’ Download the full report to understand the 10 themes that will define the global fashion industry in 2021 and how to navigate the currents they create.
