McKinsey news and archive

Video: Digital Landgrab | The State of Fashion 2019

The e-commerce war will continue, as digital players strive to become the platform of choice for both consumers and fashion companies. Source: Youtube, BoF, McKinsey

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Video: Radical Transparency | the State of Fashion 2019

Fashion companies must come to terms with consumer's desire for transparency across the supply chain, reveals McKinsey & Business of Fashion's report. Source: Youtube, BoF

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Video: The State of Fashion 2019

The state of fashion for 2019, as analysed and predicted by McKinsey and the Business of Fashion. Source: Business of Fashion, McKinsey, Youtube

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Video: The State of Fashion in 2019

The Business of Fashion x McKinsey Source: Business of Fashion, YouTube.

RetailFeatured

Many retailers are closing the wrong stores, says McKinsey

More than 7000 stores closed in the US in 2017, and the trend continues into 2018. As traffic in US shopping malls decreases, investment bank Credit Suisse forecasts 25 percent of all American malls to close by 2022. However, some companies may be choosing the wrong shops to close, according to a recent study by management consultancy firm...

Business

Global fashion sales to increase in 2018, says McKinsey report

The annual McKinsey & Company State of Fashion 2018 report shows fashion sales across the world will grow in the coming year, and will be more sustainable than 2017. The figures show an average growth of between 3.5 and 4.5 [percent (+ 4 or 5 percent for the luxury segment) for a total sales volume that could reach 2,500 billion dollars (equal...

Schools

Workshop: McKinsey to develop strategy for Austrian fashion brand with students

Students will have the chance to advise a real Austrian fashion label about ways to reposition itself with the help from employees of the consultancy McKinsey. The workshop, held from 1.-4. March at Kitzbühel, Austria, will develop new approaches to marketing and sales to keep the client competitive. Students, postgraduates and young...

Retail

Half of consumers say 'no thanks' to Black Friday 2016

London - Even though spend for Black Friday in the UK is predicted to reach an all time high of 5 billion pounds this year, 48 per cent of UK shoppers have no plans to partake in the shopping frenzy - further cementing the shift in consumer perception of the event as nothing more than a clever marketing gimmick. In fact, an increasing number of...

Fashion Featured

Fast fashion boom has a price to pay, says report

The fast fashion industry is booming, with enormous growth potential in the future, as the appetite for disposable fashion grows amongst developing countries. This is what has emerged from new research by McKinsey & Co., who analyzed not only the fashion consumption of the new millennium, but has also shedding light on the dark aspects behind...

Fashion Featured

Online Luxury Sales to Triple by 2025

As sales of clothing continues its shift from brick-and-mortar to online, e-sales of luxury goods are set to triple by 2025, according to a new report by global consulting firm McKinsey & Co. Currently online sales account for 14 billion euros, which is just 6 percent of the luxury market, and is expected to grow to 70 billion euros. Niche...

Apparel

Chinese men mad for luxury

The Asian luxury market is still booming, however statistics as to who is buying products has changed. Men in China now account for about 55 percent of the mainland’s luxury goods market, well above the global average of 40 percent, according to research firm CLSA. With 23 million more men than women in China - due to the one-child policy - the...