According to a 2024 survey of executives and experts in the fashion industry, consumers can expect the price of their apparel, footwear, and accessories to increase in 2024. Almost 70 percent of respondents said that prices will increase, with one-quarter of total respondents expecting this increase to be greater than five percent.
Expected change in retail sale prices according to fashion executives worldwide in 2025
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McKinsey & Company. (November 13, 2024). Expected change in retail sale prices according to fashion executives worldwide in 2025 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/
McKinsey & Company. "Expected change in retail sale prices according to fashion executives worldwide in 2025." Chart. November 13, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/
McKinsey & Company. (2024). Expected change in retail sale prices according to fashion executives worldwide in 2025. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/
McKinsey & Company. "Expected Change in Retail Sale Prices According to Fashion Executives Worldwide in 2025." Statista, Statista Inc., 13 Nov 2024, https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/
McKinsey & Company, Expected change in retail sale prices according to fashion executives worldwide in 2025 Statista, https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/ (last visited December 21, 2024)
Expected change in retail sale prices according to fashion executives worldwide in 2025 [Graph], McKinsey & Company, November 13, 2024. [Online]. Available: https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/