BoF Team and McKinsey & Company

The State of Fashion 2021 Preview: Can the Industry Rebound Next Year?

22 October 2020 • By BoF Team and McKinsey & Company

The State of Fashion 2021 Preview: Can the Industry Rebound Next Year?

BoF and McKinsey & Company are pleased to share a preview of exclusive data from The State of Fashion 2021, our highly anticipated annual report on the future of the fashion industry, which reveals that the global fashion industry could lose up to 20 percent of revenues this year — worth up to a staggering $440 billion — and lays out potential scenarios for the year ahead as well as the timing of the sector’s recovery.

The New Normal: The Innovation Imperative Is Here to Stay

17 April 2020 • By BoF Team and McKinsey & Company

The New Normal: The Innovation Imperative Is Here to Stay

Companies will need to embed crisis-born innovations into long-term strategies to future-proof their business models, resulting in radical and enduring changes to their organisations and the wider industry, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.

The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities

16 April 2020 • By BoF Team and McKinsey & Company

The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities

The crisis will shake out the weak, embolden the strong and accelerate the decline of those that were already struggling before the pandemic, compelling companies to evaluate divestment and acquisition opportunities and capture whitespaces that emerge from the reshuffle, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.

The New Normal: Digital Is Set For a Step Change

15 April 2020 • By BoF Team and McKinsey & Company

The New Normal: Digital Is Set For a Step Change

Lockdowns and social distancing measures have made digital an urgent priority across the entire value chain but navigating the recovery will require sustained focus on scaling up and strengthening digital competencies, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.

The New Normal: A Discount Mindset Will Deepen Its Grip on Consumers

14 April 2020 • By BoF Team and McKinsey & Company

The New Normal: A Discount Mindset Will Deepen Its Grip on Consumers

As a decade-long build-up of bargain shopping culture is exacerbated by a rise in anti-consumerism, a glut in inventory and cash-strapped consumers looking to trade down or turn to off-price channels, brands must find inventive ways to reestablish value, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.

The New Normal: Survival Instincts Will Drive Business Adaptation

13 April 2020 • By BoF Team and McKinsey & Company

The New Normal: Survival Instincts Will Drive Business Adaptation

Economic recovery will be slow, forcing fashion players to ramp up resilience planning and adapt their operating models in order to survive, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.

10 Themes That Will Define the Fashion Agenda in 2020

2 January 2020 • By BoF Team and McKinsey & Company

10 Themes That Will Define the Fashion Agenda in 2020

The ten defining themes for fashion in 2020 from BoF and McKinsey & Company’s report are a sharp evolution from previous years, with the risks closer at hand and more severe.

BoF Professional Exclusive

10 Themes That Will Define the Fashion Agenda in 2020

2 January 2020 • By BoF Team and McKinsey & Company

BoF Professional Exclusive

10 Themes That Will Define the Fashion Agenda in 2020

For fashion players, 2020 will be a year of challenges, as the macroeconomic context will make finding value creation more difficult.

The Year Ahead: Macroeconomic Headwinds Put Companies on High Alert

2 January 2020 • By BoF Team and McKinsey & Company

2 January 2020 • By BoF Team and McKinsey & Company

Continued caution is advised as mounting underlying turmoil could disrupt relations among both developed and emerging market economies.

The Year Ahead: Macroeconomic Headwinds Put Companies on High Alert

Continued caution is advised as mounting underlying turmoil could disrupt relations among both developed and emerging market economies.

The Year Ahead: It's Time to Look Beyond China

2 January 2020 • By BoF Team and McKinsey & Company

2 January 2020 • By BoF Team and McKinsey & Company

As some successful players become over-reliant on China and others struggle, companies should consider spreading their risk by expanding to other high-growth geographies.

The Year Ahead: It's Time to Look Beyond China

As some successful players become over-reliant on China and others struggle, companies should consider spreading their risk by expanding to other high-growth geographies.