The fashion industry is expected to grow in 2018 ... but below historical levels
Achim Berg
![Achim Berg]()
Achim Berg
Fashion & luxury industry expert, advisor, investor, author, speaker and lecturer
The State of Fashion 2018: After a tough but improving 2017, a continued recovery is on the horizon for 2018. The McKinsey Global Fashion Index projects global fashion industry sales to grow by 3.5 to 4.5 percent in 2018 but stays below the 10 year average of ~5.5 per annum. Growth is also not spread evenly across all regions or segments and very much driven by emerging markets. By way of contrast, mature markets in North America and Europe will grow only 1 to 3 percent.
Take a look at the State of Fashion 2018 report that we recently published with Imran Amed and his team from The Business of Fashion: https://www.mckinsey.com/industries/retail/our-insights/renewed-optimism-for-the-fashion-industry
Chercheur....
6 年Growing waste. Bought mostly during sales...
General Manager @ RE&UP Recycling Technologies | MBA, Digital Transformation
6 年Excellent report — congratulations to the team
Board Professional in Fashion and Consumer Companies; Director Emeritus at McKinsey & Company, Inc.
7 年Great analysis again this year. Big thanks to Achim and Imran. The accelerating dynamics of the winner takes it all-situation is shown very clearly. Expect a signifant consolidation and market exit in the years to come.