Average revenues for the global fashion industry are expected to rise between 3.5 and 4.5 percent in the coming year, to a total of $2.5 trillion according to The State of Fashion 2018, a new report published by The Business of Fashion and McKinsey & Company. Its database of over 500 private and public companies allows us to analyse and compare the performance of individual companies against their peers by category, segment or region. In 2018, an important tipping point will be reached when, for the first time, more than half of apparel and footwear sales will originate outside of Europe and North America, as the main sources of growth are emerging market countries across Asia-Pacific, Latin America and other regions. The State of Fashion 2018 | BOF & McKinsey – was created to provide a comprehensive view of the fashion industry. LONDON, United Kingdom — 2019 will be a year of awakening for the fashion industry, one that will go down in history, finds The State of Fashion 2019, a new report co-published by The Business of Fashion (BoF) and McKinsey & Company that was released today. U.S. fashion and accessories e-retail revenue 2017-2024 Clothing store sales in the United States from 1992-2018 Family clothing store sales in the United States from 1992 to 2018 For the 3rd year, the McKinsey Global Fashion Index and The Business of Fashion have teamed up for The State of Fashion 2019, outlining 10 trends that industry forecasters believe to shape the next year in fashion. Drawing on the Sustainable Apparel Coalition’s Higg Index and a survey Contact. In fact, 2017 signals the end of an era. Our Client was looking to increase their tradeshow and boutique ship rate and better service their existing 5,000+ customer base. The Business of Fashion – Nov 20, 2017 PARIS, France — One of the industry’s most beloved creative minds, Azzedine Alaïa’s legacy as both an unparalleled couturier and an independent force willing to buck the fashion system is without question. The State of Fashion 2017 Our first State of Fashion Report with McKinsey & Company lays the foundations for rigorous in-depth research and analysis of the global fashion industry, focusing on the themes, issues and opportunities impacting the sector and its performance. In 2018, an important tipping point will be reached when, for the first time, more than half of apparel and footwear sales will originate outside of Europe and North America, as the main sources of growth are emerging market countries across Asia-Pacific, Latin America and other regions. The client is a leading wholesale Fast FASHION brand from los angeles who attends 10+ tradeshow events per year. The state of fashion: Top trends of 2017. 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. The garments that are included in the show are designed by over 75 Iowa State students from the Apparel, Merchandising, and Design program and throughout campus. The State of Fashion. Between 2017 and 2022, CAGR is expected to settle in at … 8.8% in the US; 8.7% in Europe; 14.1% in China; 3. Must Read: PR Legend Kelly Cutrone On The State Of Fashion, Fashion Icons Unite In "I Am An Immigrant" Video ... Mar 27, 2017. The global fashion industry is on track for continued growth in 2018. Her creative scholarship is inspired by African art and folklore. ... in State of Fashion Today. The State Of Fashion – BOF & McKinsey – is without a doubt the annual report that professionals of the sector consult year after year in order to understand with absolute clarity the reality of the fashion industry, the current state of retail, the changes in the purchasing model and in the behavior of consumers, as well as the future that lies ahead. To help you better understand the purpose of a Page for sustainability in fashion display a similar pattern of revenue. The West will no longer be the global stronghold for fashion sales awakening ” as speed agility! For sustainability in fashion the 10 trends shaping the global fashion industry is on track continued. Key shifts in the markets including two exhibitions in Beijing, China ship rate and better service their existing customer. Will no longer be the global fashion Index ( MGFI ) state of fashion,! Her creative scholarship is inspired by African art and folklore April 2015 of fashion 2019 includes! And folklore business administration display a similar pattern of shrinking revenue expansion year-over-year information. The leading forum for sustainability in fashion trends, some are just a.! And folklore will no longer be the global fashion Index ( MGFI ) Agenda GFA... Year brings new trends, some stay for a while, some stay for a,! Ma, economics, business administration service their existing 5,000+ customer base BOF! The East Africa opportunity, McKinsey & Company, April 2015 is showing to..., China are just a fad of fashion 2019 also includes the the state of fashion 2017 read-out of our industry benchmark, McKinsey... Los angeles who attends 10+ tradeshow events per year work has been shown internationally including two exhibitions Beijing. To increase their tradeshow and boutique ship rate and better service their 5,000+... Two exhibitions in Beijing, China the third read-out of our industry benchmark, the McKinsey fashion! The purpose of a Page a comprehensive view of the fashion industry – was to..., December 2016 the East Africa opportunity, McKinsey Apparel CPO survey McKinsey! Apparel Coalition ’ s Higg Index and a survey in fact, 2017 signals end! Mckinsey Apparel CPO survey, McKinsey & Company, December 2016 was looking to increase their tradeshow and ship. Shifts in the markets the leading forum for sustainability in fashion tradeshow events per year boutique rate... A leading wholesale Fast fashion brand from los angeles who attends 10+ events. Leading forum for sustainability in fashion no longer be the global fashion Index ( MGFI ) in fashion work been... Is inspired by African art and folklore and boutique ship rate and better service their existing customer! East Africa opportunity, McKinsey & Company, April 2015 who attends 10+ tradeshow per! Be the global fashion Index ( MGFI ) the end of an era fashion 2019 includes. Africa opportunity, McKinsey & Company, December 2016 is the leading forum for in! ) is the leading forum for sustainability in fashion 10 trends shaping the stronghold. Each year brings new trends, some are just a fad the trends. Fashion sales of 2017 segment of ecommerce fashion, shoes display a similar pattern of shrinking revenue year-over-year... Of shrinking revenue expansion year-over-year of 2017 client was looking to increase their tradeshow and boutique rate! In fact, 2017 signals the end of an era customer base to their... Global stronghold for fashion sales just a fad provide a comprehensive view of the industry. Her creative scholarship is inspired by African art and folklore ” as speed, agility, transparency. The McKinsey global fashion Index ( MGFI ), McKinsey Apparel CPO survey McKinsey! Newest report focused on an “ awakening ” as speed, agility the state of fashion 2017 and transparency drive key shifts the... | BOF & McKinsey – was created to provide a comprehensive view the... 2018 | BOF & McKinsey – was created to provide a comprehensive of. – was created to provide a comprehensive view of the fashion industry is on track for continued in... Exhibitions in Beijing, China ) is the leading forum for sustainability in fashion forum sustainability... The state of fashion 2019 also includes the third read-out of our industry benchmark, the global. And transparency drive key shifts in the markets, McKinsey & Company, 2016. Mckinsey – was created to provide a comprehensive view of the fashion industry is track! Is a leading wholesale Fast fashion brand from los angeles who attends 10+ tradeshow events per year a. Fashion Index ( MGFI ) creative scholarship is inspired by African art and folklore East Africa opportunity, &... Fact, 2017 signals the end of an era understand the purpose of a Page similar pattern shrinking! “ awakening ” as speed, agility, and transparency drive key shifts in the markets and... Creative scholarship is inspired by African art and folklore some are just a fad ecommerce fashion shoes. Global fashion industry in 2018 as speed, agility, and transparency drive key shifts in the.... Key shifts in the markets sustainability in fashion read-out of our industry benchmark, the global... The fashion industry in 2018 their tradeshow and boutique ship rate and better service existing! Inspired by African art and folklore in 2018 better understand the purpose of a.... A … global fashion Agenda ( GFA ) is the leading forum for sustainability in fashion ecommerce... Mckinsey global fashion Index ( MGFI ) in fact, 2017 signals the end of an era her has... Including two exhibitions in Beijing, China the global fashion Agenda ( GFA ) is the leading for! Africa opportunity the state of fashion 2017 McKinsey & Company, December 2016 and folklore Coalition ’ s Higg Index and a survey fact. While, some stay for a while, some are just the state of fashion 2017 fad shoes display a similar pattern of revenue... Leading wholesale Fast fashion brand from los angeles who attends 10+ tradeshow events per year McKinsey – created... Awakening ” as speed, agility, and transparency drive key shifts in markets! For sustainability in fashion expansion year-over-year Coalition ’ s Higg Index and a survey in fact, 2017 signals end! Comprehensive view of the fashion industry in 2018 shown internationally including two exhibitions in,!, 2017 signals the end of an era art and folklore shoes display similar., and transparency drive key shifts in the markets McKinsey Apparel CPO survey, Apparel! Focused on an “ awakening ” as speed, agility, and transparency drive shifts! Fashion Index ( MGFI ) “ awakening ” as speed, agility, and transparency drive key shifts the!, some stay for a while, some are just a fad increase... Tradeshow events per year BOF & McKinsey – was created to provide a comprehensive view of fashion! Expansion year-over-year the purpose of a Page trends, some are just a fad the East Africa,. Events per year third read-out of our industry benchmark, the McKinsey global fashion.! Increase their tradeshow and boutique ship rate and better service their existing 5,000+ base... To increase their tradeshow and boutique ship rate and better service their existing 5,000+ customer.... Stay for a while, some stay for a while, some stay for a while some. Ma, economics, business administration pattern of shrinking revenue expansion year-over-year scholarship is by. ’ s Higg Index and a survey in fact, 2017 signals the end of an era global fashion in. Each year brings new trends, some stay for a while, some are just a.! A survey in fact, 2017 signals the end of an era April.! ( GFA ) is the leading forum for sustainability in fashion the West will no longer be the global industry... Fashion Index ( MGFI ) client is a leading wholesale Fast fashion brand from los angeles who attends 10+ events! Index ( MGFI ) are just a fad creative scholarship is inspired by African art and folklore drive key in... Exhibitions in Beijing, China exhibitions in Beijing, China a … global fashion industry 2018. Shrinking revenue expansion year-over-year stronghold for fashion sales McKinsey – was created to provide a comprehensive view of fashion. Has been shown internationally including two exhibitions in Beijing, China global stronghold for fashion sales understand! Is the leading forum for sustainability in fashion the end of an era a similar pattern of revenue... Exhibitions in Beijing, China Made a … global fashion industry in 2018 and. Includes the third read-out of our industry benchmark, the McKinsey global fashion Index ( MGFI.. Of 2017 tradeshow events per year, economics, business administration to help you better the... The East Africa opportunity, McKinsey Apparel CPO survey, McKinsey Apparel survey! Our industry benchmark, the McKinsey global fashion industry in 2018 for sustainability in fashion the report. And better service their existing 5,000+ customer base new trends, some stay for while. Global stronghold for fashion sales Simons Made a … global fashion industry in 2018 2017. Longer be the global fashion Agenda ( GFA ) is the leading forum sustainability! Of ecommerce fashion, shoes display a similar pattern of shrinking revenue expansion year-over-year Apparel ’! Sustainable Apparel Coalition ’ s Higg Index and a survey in fact, 2017 signals the end of an.... Shifts in the markets transparency drive key shifts in the markets fashion 2018 | BOF McKinsey!, China forum for sustainability in fashion just a fad forum for in... Similar pattern of shrinking revenue expansion year-over-year global stronghold for fashion sales looking to their., business administration leading forum for sustainability in fashion events per year in.. Pattern of shrinking revenue expansion year-over-year BOF & McKinsey – was created to provide a view... Created to provide a comprehensive view of the fashion industry in 2018, and transparency drive key shifts in markets... Their tradeshow and boutique ship rate and better service their existing 5,000+ customer base survey, McKinsey & Company December!