In 2022, the revenue of the global apparel market reached 1.5 trillion u.s. For the first time in 2023, two brands scored 80%. In 2023, executives in the industry were split as to their expected change in the global fashion market conditions.
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Global Fashion Industry in Numbers Fashion infographic, Global
The sixth annual state of fashion report by the business of fashion and mckinsey & company forecasts that the global fashion industry will find its feet again.
Download the full report to understand the 10 themes that will define the global fashion industry in 2021 and how to navigate the currents they create.
The seventh annual state of fashion report by the business of fashion and mckinsey & company reveals the industry is heading for a global slowdown in 2023 as macroeconomic tensions and. After slumps in sales figures during the corona pandemic in 2020, the womenswear market grew the most between may 2021 and 2022, by 28.9%. Shopper footfall remains down on last year despite bank holidays and sun. According to statista, the ecommerce fashion industry’s compound annual growth rate (cagr) is tipped to grow 14.2% between 2017.
Dollars, and the industry is forecast to show positive growth. The average score of 250 of the world’s largest fashion brands creeps up by 2 percentage points to just 26%. By 2030, that figure is expected to rise to between 3.0 and 3.5. General clothing and fashion statistics.
In 2021, fashion companies invested between 1.6 and 1.8 percent of their revenues in technology.
Only around one quarter of experts were positive about the.