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  3. What is the future of work and the workplace? 
  4. Consumer trust in AI set to grow 15 percentage points by 2030: report
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Comment

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. Can luxury brands win at performance marketing without losing their mystique? 
  2. AI engines replacing search as starting point for affluent travel research: report 
  3. What is the future of work and the workplace? 
  4. Consumer trust in AI set to grow 15 percentage points by 2030: report
  5. Consumers in Middle East's GCC countries to up spend 50pc on beauty from 2025 to 2030: report
  6. How AI shopping can quietly erode brand loyalty – and what it means for luxury 
  7. British brokerage Savills to buy real estate bank Eastdil Secured for $1.1B
  8. Indian luxury needs new pitch: From Made in India to Owned by India
  9. US to remain world’s largest luxury market by sales, China among fastest growing through 2030: report
  10. Growth that works today is not always the growth that builds tomorrow


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