A 2022 survey among fashion executives worldwide found that the biggest opportunity ahead for fashion retailer brands was sustainability. 16 percent of respondents mentioned this field as an opportunity for the industry in the year ahead. Inflation and the economic downturn was stated as the biggest challenge to the industry for 2023.
Biggest challenges and opportunities for fashion retail brands worldwide in 2023
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McKinsey & Company. (November 29, 2022). Biggest challenges and opportunities for fashion retail brands worldwide in 2023 [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1298314/challenges-opportunities-fashion-retail-brands-global/
McKinsey & Company. "Biggest challenges and opportunities for fashion retail brands worldwide in 2023." Chart. November 29, 2022. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1298314/challenges-opportunities-fashion-retail-brands-global/
McKinsey & Company. (2022). Biggest challenges and opportunities for fashion retail brands worldwide in 2023. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1298314/challenges-opportunities-fashion-retail-brands-global/
McKinsey & Company. "Biggest Challenges and Opportunities for Fashion Retail Brands Worldwide in 2023." Statista, Statista Inc., 29 Nov 2022, https://www.statista.com/statistics/1298314/challenges-opportunities-fashion-retail-brands-global/
McKinsey & Company, Biggest challenges and opportunities for fashion retail brands worldwide in 2023 Statista, https://www.statista.com/statistics/1298314/challenges-opportunities-fashion-retail-brands-global/ (last visited November 24, 2024)
Biggest challenges and opportunities for fashion retail brands worldwide in 2023 [Graph], McKinsey & Company, November 29, 2022. [Online]. Available: https://www.statista.com/statistics/1298314/challenges-opportunities-fashion-retail-brands-global/