And while “uncertain” and “challenging” remain the most common words that executives in the BoF-McKinsey Global Fashion Survey have used to describe the state … In 2018, the top challenges have been identified, such as dealing with volatility, uncertainty and shifts in the global economy, competition from online and Omni channel, value chain improvement and digitisation, and decreasing foot traffic and offline retailing pressure. Click here to download The State of Fashion 2018, The Business of Fashion and McKinsey & Company's in-depth report on the global fashion industry in 2018, focusing on the themes, issues and opportunities impacting the sector and its performance. Leading players are therefore creating innovative business models, using granular customer insights as a source of differentiation and pushing the limits of their end-to-end product development process. The State of Skills in the Apparel Industry 2018 Report. The State Of Fashion 2017. Friday 1 June imagination ... Stichting Sonsbeek & State of Fashion Bovenbeekstraat 21 6811 CV Arnhem … The affordable luxury expects luxury to continue at strong 3.5 to 4.5 percent growth. Dec 20, 2017. As Europe and Asia get hooked on the myth of an off-price ‘panacea’, the fashion industry could be put at risk of margin erosion unless companies carefully consider their off-price channel strategies. But how? Source: BoF, YouTube . The fourth annual State of Fashion report by The Business of Fashion and McKinsey & Company forecasts slowing growth for the second year in a row and underscores a prevailing mood of anxiety and concern amongst senior fashion executives. The ongoing polarisation of the industry with consumers trading up or down from mid-market price points continues to create headwinds for mid-priced fashion players while those operating in the luxury, value and discount segments further pick up speed. There are many challenges that have been facing by fashion industry over the past few years. ‘State of Fashion 2018: searching for the new luxury’ will take place from June 1 st to July 22 nd, 2018. Indeed, respondents to the BoF-McKinsey Global Fashion survey identified personalisation as the number one trend in 2018. But we are now detecting glimmers of hope: executives report optimism (even amid uncertainty), and the McKinsey Global Fashion Index forecasts industry sales growth to nearly triple between 2016 and 2018, … After a challenging stretch, has fashion turned the corner? The State of Fashion 2018 | Australia THE REPORT. Be among the first to receive news from eMAG! All rights reserved. For those leaning forward and willing to help design the new features of the modern fashion system, the opportunities at hand to truly connect with fashion consumers across the globe have never been greater. Geopolitical turmoil, economic uncertainty and unpredictability are the new normal. Furthermore, people nowadays are mobile obsessed. The question for fashion brands is no longer “if” but “how” to collaborate with big online platforms. Brands Can’t Confidently Say No. Off-price sector growth continues to be driven by the notion that it provides a solution to challenges like excess stock and slow growth, but the US market serves as a warning about saturation and possible sales cannibalization. The McKinsey Global Fashion Index forecasts industry sales growth to nearly triple between 2016 and 2018, from 1.5 percent to between 3.5 to 4.5 percent. With an overabundance of mobile payment solutions already available globally, consumers will expect fashion companies to cater for increasingly convenient mobile transactions. Expects luxury to continue across all regions global economy will show things that unimaginable for sales., shed some clarity... growth AHEAD industry has ever seen we expect the move away the... 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