The postpandemic state of fashion

McKinsey & Company

A transformative year in the technology, trends, and tastes in fashion. Retail Insights Retail & Consumer Goods

Fashion on climate

McKinsey

How the fashion industry can urgently act to reduce its greenhouse-gas emissions. Retail Insights

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The Myth of Sustainable Fashion

Harvard Business

Despite high-profile attempts at innovation, the industry has failed to reduce its environmental impact so far. Business and society Social and global issues Society and business relations Retail and consumer goods Digital Article

The future of sustainable fashion

McKinsey & Company

Consumers will increasingly expect—and demand—an emphasis on sustainability from fashion brands. Circular business models won’t be optional. Retail Insights

Revamping fashion sourcing: Speed and flexibility to the fore

McKinsey & Company

Supply-chain disruptions have made fast, flexible sourcing a top priority for fashion companies. Our survey of global sourcing executives reveals ambitious targets—and much work still to do. Retail Insights

Six vectors of success in online fashion

McKinsey & Company

The United Kingdom has been the battleground and a major source of innovation for fashion e-commerce. Our research offers a glimpse into the “new fundamentals” that are creating long-term winners in online retail.

Survey: Consumer sentiment on sustainability in fashion

McKinsey

Engagement in sustainability has deepened during the COVID-19 crisis, with European consumers wanting fashion players to act responsibly and consider the social and environmental impacts of their businesses.

Fashion’s digital transformation: Now or never

McKinsey

Some apparel, fashion, and luxury companies won’t survive the current crisis; others will emerge better positioned for the future. Much will depend on their digital and analytics capabilities. Retail Insights

It’s time to rewire the fashion system: State of Fashion coronavirus update

McKinsey

Fashion executives are focusing on crisis management now but eventually must shift to reimagining the industry. How will changes to the global economy and consumers’ behavior affect fashion in the postcoronavirus world?

A perfect storm for fashion marketplaces

McKinsey

In this virtual roundtable, European fashion executives discuss digital acceleration and the role of marketplaces in light of the COVID-19 crisis. Retail Insights

State of Fashion: Watches and Jewellery

McKinsey & Company

Bringing the sparkle back: Six seismic shifts are shaping the fine jewellery and watches industries in the next five years. Retail Insights Retail & Consumer Goods Luxury goods Marketing & Sales Strategy

‘Creativity would skyrocket’: How diversity could transform fashion

McKinsey & Company

CaSandra Diggs, president of the Council of Fashion Designers of America, shares her views on how the fashion industry can give diverse talent more visibility, voice, and agency. Retail Insights Retail & Consumer Goods Luxury goods Retail environments United States

Jumpstarting value creation with data and analytics in fashion and luxury

McKinsey & Company

In a time of uncertainty, fashion and luxury companies are struggling to monetize their data. Leading firms are moving swiftly, gaining market share, and creating lasting value. Retail Insights Retail & Consumer Goods Analytics

Welcome to luxury fashion resale: Discerning customers beckon to brands

McKinsey & Company

Intrigued customers are breathing fresh life into the luxury apparel market, with a growing appreciation for pre-owned accessories and clothing. For most, brand involvement in resale is a plus: but can their enthusiasm bring the high-profile labels on board? Retail Insights Luxury goods

The fashion industry in 2020: Ten top themes from The State of Fashion

McKinsey

Amid uncertainty, brands, retailers, and other fashion-industry players must act strategically to capitalize on digital opportunities, boost earnings, and address sustainability.

The state of fashion

McKinsey

trillion industry may accelerate next year, according to the first joint report from McKinsey and the Business of Fashion. After a tough 2016, growth in the $2.4 Our Insights

What tech innovation means for the business of fashion

McKinsey & Company

In the wake of the pandemic, the industry long better known for art than science is undergoing a dramatic, technology-fueled makeover. Our Insights High Tech & Internet Telecommunications Media & Entertainment

Uncovering the state of fashion

McKinsey

With the global economy cooling and concerns about sustainability rising, the mood among fashion-industry executives is far from exuberant. Retail Insights

Biodiversity: The next frontier in sustainable fashion

McKinsey

It’s time for the apparel industry to radically reduce the industry’s contribution to biodiversity loss. Here are four interventions that can make the biggest impact. Retail Insights

How Footwear Startup Allbirds Is Decarbonizing Fashion

Harvard Business

The footwear startup advanced its environmental mission, while staying ahead of competitors. Innovation Supply chain management Sustainable business practices Audio

Measuring the fashion world

McKinsey

A new survey takes stock of apparel companies’ go-to-market processes. The findings have implications for product design, development, and delivery. Retail Insights

Voices and viewpoints of fashion students and emerging designers

McKinsey & Company

Listen to diverse students and young professionals talk about their disappointments and aspirations—and see highlights from our research on diversity in the fashion industry. Retail Insights Luxury goods Retail environments Retail & Consumer Goods United States

The end of ownership for fashion products?

McKinsey

Business models capitalizing on preowned, refurbished, or rented products have hit the fashion market. The industry needs to pay attention as these models continue to evolve. Retail Insights

Is luxury resale the future of fashion?

McKinsey & Company

Consumers will increasingly shun cheap clothes and favor preowned designer goods instead, predicts Max Bittner, the CEO of resale platform Vestiaire Collective. Retail Insights

Five charts that set the tone as New York Fashion Week 2021 kicks off

McKinsey & Company

As New York Fashion Week kicks off a new season of fashion weeks around the globe, these are the five themes to watch. Insights on Consumer Packaged Goods

The influence of ‘woke’ consumers on fashion

McKinsey

Here’s what the fashion industry should know about the trend. Shoppers, particularly younger ones, have social and environmental issues on their minds. Retail Insights

The ‘digital land grab’ in fashion

McKinsey

As e-commerce and platforms evolve, fashion companies could use them to realize higher margins and build scale. Retail Insights

Fashion on demand

McKinsey

Technology and shifting consumer needs have made just-in-time production a trend to watch. Retail Insights

262: Babette Ballinger—How Does A Woman Tackle The Fashion Industry? Head On

On the Brink Podcast

As a fashion designer and owner of her own apparel sales firm, Babette had to constantly re-invent herself, learn how to run a business, and deal with the challenges of sustaining successful partnerships with men. Hear how one woman made her mark in an industry of men.

Renewed optimism for the fashion industry

McKinsey

After a challenging stretch, has fashion turned the corner? Things are looking up, but the rebound may be uneven, says this year’s The State of Fashion report. Our Insights

Casual Apparel Outperforms High-End Fashion

BCG

In the wake of the recent financial crisis, the global fashion and luxury industry established a solid record of extremely strong value creation. Thirty-nine of those companies are in fashion and luxury. From 2011 through 2015, the fashion and luxury companies returned an annualized TSR of 15%. Article Tuesday, December 13, 2016. More recently, however, the industry’s performance declined somewhat—a trend that has continued into 2016.

‘The fashion industry should be as diverse as its consumers’: A PVH perspective

McKinsey & Company

discusses how fashion companies can attract young people and help emerging designers—and what it will take to disrupt the status quo. Lance LaVergne, chief diversity officer of PVH Corp., Retail Insights Retail & Consumer Goods Retail environments Luxury goods United States

Time for change: How to use the crisis to make fashion sourcing more agile and sustainable

McKinsey

COVID-19 has sent shockwaves through the fashion industry’s global sourcing and production operations. A survey of sourcing executives reveals their immediate response to the crisis and details strategies to reshape sourcing for a demand-driven, sustainable future. Retail Insights

Fashion’s new must-have: Sustainable sourcing at scale

McKinsey

Sustainable sourcing is fast becoming a top priority for fashion companies. A survey of sourcing executives reveals ambitious targets—and highlights the transformation needed. Retail Insights

The State of Fashion 2020: Navigating uncertainty

McKinsey

The industry is not looking forward to 2020—suggesting strategic clarity will be important. Retail Insights

For H&M, the future of fashion is both ‘circular’ and digital

McKinsey & Company

Companies that “embrace circularity and digitization at the same time” will dominate the fashion industry, says Vanessa Rothschild, H&M Group’s global sustainability steering and development manager. Retail Insights

Patterns for value creation in apparel, fashion, and luxury

McKinsey

Performance in the fashion and luxury industries has turned lower, but leading companies haven’t been deterred. Here’s how they excel. Retail Insights

The State of Fashion 2019: A year of awakening

Sourcemap

The industry as a whole is embracing new opportunities—even as dangers lurk. Retail Insights

Faster fashion: How to shorten the apparel calendar

McKinsey

To get new styles into stores more quickly, fashion companies must improve internal collaboration, tap into consumer insights, and start to digitize the value chain. Retail Insights

The State of Fashion 2021: In search of promise in perilous times

McKinsey

In 2021, the COVID-19 pandemic will accelerate industry trends, with shopping shifting to digital channels and consumers continuing to champion fairness and social justice. Retail Insights