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Couture, fashion and leather goods

Luxury, Gen AI and travel will lead uncertain fashion industry in 2024: report

November 29, 2023

Fashion industry executives are divided about what to expect next year, with 26 percent expecting conditions to improve, 37 percent saying things will remain the same and 38 percent predicting conditions will get worse. Image: The Business of Fashion, McKinsey & Company Fashion industry executives are divided about what to expect next year, with 26 percent expecting conditions to improve, 37 percent saying things will remain the same and 38 percent predicting conditions will get worse. Image: The Business of Fashion, McKinsey & Company

 

By Luxury Marketer Intelligence

A mix of geopolitical, economic and climate challenges mean the global economic outlook will remain unsettled in 2024, directly impacting consumer confidence and spending in major fashion markets.

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MOST READ
  1. Aimée Ann Lou embraces conscious couture with wholly sustainable luxury footwear across entire value chain
  2. African diasporic art show aims ambitiously to widen circle of private collectors beyond community 
  3. Argentina: Reopening of a sleeping giant for luxury
  4. LVMH ramps up presence in media with Paris Match acquisition
  5. More listings, sales expected worldwide in 2025 as luxury segment continues outpacing general real estate market
  6. How AI shopping can quietly erode brand loyalty – and what it means for luxury 
  7. Four Seasons outlines long-term growth strategy after 65-year run so far
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  9. 8 trends set to redefine experiential travel in 2026
  10. How did Patek Philippe build an Instagram following of nearly 2M in five years?


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