Wearing a decorative mask to prevent the disease COVID-19 from spreading was a fashion trend in 2020. Models of color are feeling especially vulnerable. Culture Fashion. Our Client was looking to increase their tradeshow and boutique ship rate and better service their existing 5,000+ customer base. AFP via Getty Images I delved into the annual The State of Fashion 2021 Report with heightened anticipation after a year of global health and economic crises. This situation is counterbalanced by the slight air of optimism with which some sectors, especially in the United States, were entering 2019. Anxiety and concern is the prevailing mood across the fashion industry for 2020, with global fashion industry growth expected to slow further as economic growth shrinks and competition intensifies. Current State of Fashion 2020-12-11 2020-12-12. The good news for fashion is that the majority of these new consumers are within the 16 to 24 and 25 to 34 age groups. The State of Fashion 2019 marks the third year of an ongoing partnership between The Business of Fashion and McKinsey & Company, bringing analytical rigour and evidence to better understand the rapidly changing global fashion industry and providing an authoritative point of view on the state of fashion in the year to come. A New State of Affairs November 1, 2020 I started this blog before I went to university, which was roughly a decade ago. Farfetch, the luxury marketplace, has bucked retail trends this year, seeing lucrative results from its online strategy. In 2020 Recommender Systems for Fashion is looking forward. For investors, on the other hand, it will be a case of “buyer beware.” For more on the industry’s prospects this year, see The State of Fashion 2020, … A boarded up Macy's store, New York, June 8, 2020. 6. Gareth Jones, Farfetch CMO The state of luxury fashion in 2020 Fashion, luxury or not, has had a rockier time than most this year. The State of Fashion 2020: Download the Report Click below to download BoF and McKinsey & Company's in-depth report on the global fashion industry in 2020, focusing on the themes, issues and opportunities impacting the sector. Recent Comments. With expo postponed a year ahead, Saudi moving to a state of isolation, add to that the poor trading during months like Ramadan and unsold inventory, the region faces a big challenge. The State of Fashion Models in a Pandemic. Brands Can’t Confidently Say No. For more information read our Terms & Conditions and Privacy Policy. The report is available from the McKinsey website. Read more information here. If imported products become costly because of the taxation or the border tariff. The fashion industry is constantly changing and influencers have more power than ever to make or break a brand. During my university years, my interest gradually shifted from vintage to designer brands, which was also reflected in the evolution of the product offering of my … Green Story Inc. Environmental Study: Independent research firm, Green Story Inc., was contracted to calculate the environmental savings from reuse of secondhand garments sold by thredUP. The biggest threats to established brands include the: Social … But in Europe’s boot, the fashion industry has suffered a severe blow from the effects of the COVID-19 epidemic. CONTENTS. The state of luxury fashion in 2020. Share it: The 2020 State of Influence for Fashion. BoF and McKinsey & Company released the collaborator's The State of Fashion 2020, keeping in mind that the fashion industry is in a time of crisis. Laid off from her job at Disney after 14 years, a server struggles to navigate the pandemic . 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