Finding Opportunities in a Global Slowdown

Download Your Free Copy of The State of Fashion 2023   ~/AAAHagA~/RgRlnmsSP4QAAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9yZXBvcnRzL25ld3MtYW5hbHlzaXMvdGhlLXN0YXRlLW9mLWZhc2hpb24tMjAyMy1pbmR1c3RyeS1yZXBvcnQtYm9mLW1ja2luc2V5Lz9saWQ9ajFjbTk5d2s3c3FpJnV0bV9zb3VyY2U9YnJhemVfbWFya2V0aW5nJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPVNvRl8wOTAxMjNfTWVtYmVyc19hbmRfTm9uTWVtYmVyc19GaW5kaW5nT3Bwb3J0dW5pdGllcyZ1dG1fY29udGVudD1Tb0ZXBXNwY2V1QgpjthPmu2PuWV4QUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~ Dear {NAME}, While this year’s annual State of Fashion report from BoF and McKinsey & Company predicts an overall slowdown for the industry, there are also opportunities within tough times. - Sales of luxury fashion are expected to grow globally between 5% and 10% in 2023, compared to between -2% and +3% for the rest of the industry. - Fashion companies have been able to build robust foundations in 2021 and in the first half of 2022; the share of “value destroying” companies generating negative economic profit is at its lowest since 2013. - The Middle East and North America are expected to have the highest growth potential in 2023. Download your free copy of The State of Fashion 2023 to learn more about the outlook for the fashion industry this year. [DOWNLOAD NOW](~/AAAHagA~/RgRlnmsSP0T_aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3JlcG9ydHMvbmV3cy1hbmFseXNpcy90aGUtc3RhdGUtb2YtZmFzaGlvbi0yMDIzLWluZHVzdHJ5LXJlcG9ydC1ib2YtbWNraW5zZXk_bGlkPWV2aW5vb2l6MzVuZSZ1dG1fc291cmNlPWJyYXplX21hcmtldGluZyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Tb0ZfMDkwMTIzX01lbWJlcnNfYW5kX05vbk1lbWJlcnNfRmluZGluZ09wcG9ydHVuaXRpZXMmdXRtX2NvbnRlbnQ9U29GVwVzcGNldUIKY7YT5rtj7lleEFIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk)     The fashion industry “Super Winners” in the report comprise many of the usual suspects from luxury and sportswear, with Nike again topping the list of public fashion companies ranked by economic profit. Players in the discount segment, such as TJX and Ross, have also climbed up the list. The Super Winners are determined by calculating the average economic profit from 2019 to 2021 to measure pre-, mid- and post-pandemic performance. Download your free copy of The State of Fashion 2023 now to understand the drivers behind the Super Winners' success. 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