Top Insights about the State of Fashion [Business of Fashion and McKinsey & Company report]
The fashion industry has been on a rollercoaster ride since the onset of the COVID-19 pandemic. After a sharp rebound in 2021 and much of 2022, industry executives are now expressing concern about the year ahead. A recent survey by the Business of Fashion and McKinsey & Company revealed that 84% of fashion leaders expect market conditions to decline or stay the same in 2023. In this article, we will…