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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 · In 2022, the industry again showed its resilience, almost equaling the record economic profit of 2021, the McKinsey Global Fashion Index shows. Echoing the pattern of the previous year, the luxury sector outperformed, with a 36 percent rise in economic profit that offset weakness in other segments.
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Amed is one of the fashion industry’s leading writers, thinkers and commentators. Fascinated by the industry’s potent blend of creativity and business, he began BoF as a blog in 2007, which has since grown into the pre-eminent global fashion industry resource serving a five-million-strong community from over 200 countries and territories.
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Nov 29, 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. Macroeconomic, geopolitical as well as climate-crisis pressures will challenge the industry’s growth, with more than 50 percent of fashion executives surveyed planning to raise prices to ...
- Farfetch. For digitizing the high-street boutique and putting it on China’s Tmall. The pandemic hit the fashion industry hard and was particularly devastating to small high-street fashion retailers that were forced to shutter for months.
- Lululemon. For reflecting what customers want by buying Mirror, a sleek, interactive, at-home fitness system. In the summer of 2020, Lululemon acquired Mirror—a wall-mounted screen that streams fitness classes—for $500 million.
- Hermès. For creating aspirational products designed to last forever, made by an army of skilled craftspeople. advertisement.
- Telfar. For making accessibility chic by creating an open, online reservation system for the affordable (but always sold-out) “Bushwick Birkin” While designers took a hit during the pandemic as department stores and boutiques cancelled orders, Brooklyn-based designer Telfar Clemens avoided this fate: He had ended his wholesale business in January 2020 in order to have more control over sales.
Aug 5, 2021 · For these indies—on all points of the global map—fashion is a solo high-wire act where the only way to look is forward: in terms of gender identity, craft, representation, community,...
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.
