Research
November 30, 2022
Upscale fashion is expect to fare better than fast fashion and other tiers in 2023, per a new study from McKinsey & Company and The Business of Fashion. Image credit: McKinsey, Business of Fashion
By Marybeth Connaughton
The fashion industry will likely face a downturn on a global scale, according to “The State of Fashion 2023” report co-authored by management consultancy McKinsey & Company.
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zppF0nv9tJ6PW8tZWwNT02cYKqjgKn4VMO2GxuRazDSAiB0cJjL9bzIjzDR424QZfTPW3vz+43JP37rC9984QXlxVjzV5OAylhr+cJOG1YVsKlZpsiFWAcqkCge5msjsor4DPiEQnNuDdvWFfF1Iloe\/1RXumIm\/7brtRpSgdE\/gHa71j\/E7xg0Xl18+z356yti8k+pcRPhJuoY6adiCMvXv+\/Lb1rGoxoCdoRyXQd\/HlqCLDG3rZ\/Qhcau58YSwlCJJib2tLlb3I14IgsF5x8YZxARH8FUlDvv+cp6Gf3CDnQRPOEunSVtoCrdAUHnbA7CcS6pDKV+\/ekBGkIDVSjMDVayOGU5n\/6ISDs5O78Lc86VM70tYqQNNch26LaBdnvjmcqJ9SnlRSIhrEleMngfjDni5rTboXpvcf2x6nKnIC7ky\/dmr47jVdip9W6z8D\/8viwsm3LAcHecjVsYTfyhBNsDD8X19HsjNFU2zKdzUyMA2gKQGHlK4eS\/iR6B7DU1IbxdN74NfZEa9RCSvPyw0SvwoYwie00Azj1FPHrOlyELETwyVzurx5V+TWCOqlHOezn82B6I54m+prqUbc+Ny\/GbcXU4p+e5BRf78rjd6WlkKdKk6dtANykW7PEHPDnRXatj1mkVhzGDRzHSg0lC4uEwujLaevPT\/Ms\/KJsiW7nxr0QM2YQL8P\/cP72cpyLIcM2gnaowj2V5rMaim3vWg4azN58NTzV63GhoeijfL22NgmZc2QbEkNu\/cGJdC1CekJCnql6DAa8xHp9xk4vpJhSlvb1HChBeTaNuj6pY9VzozHK0P14hx3im0zpIP8Zg9hKUt2dr3SE4Wr0lK1R2+oxrY9PoAXGXj4XlCRZyZuqTaO\/VvUoc0mkRqPVwq2ny0vDc5sRnSWC0xwfXrZ5kcr7Zb2kJlI9iCAevz9splgtVi38gK3oFUZTMZbpCKA\/7Ypy6X9HFt7Pt88lOLw9Q97+Ok6lra3mmOMcd8GPBI5SJF6PKbi2ADNJ1zyTM+U+bYQrphS0Xx0qe3CaRuRKK3+bnTQ3EMu3l09UkJ+YOv2LwATqa5e8TTe1\/OFjFRI1GGwUM0Jy8WnlO0Qx8M3H4x3hdJMCXtJJ9MZjGuIHtjPA\/SVqWrTW45Pn2nNuFKsetYQkoMN2iRLHBZ3Q4Q0h8QdB7K1LxhOSJdREKZJEPs3a6\/+6xKDJuqLf6hjKlFROvjB\/a\/KYwHRV3RSOMvik3P\/3bwYbASttgakpqwEO1n7sCJroML6nPHvnoz3af3FAGzjZ6DX8mYGsJKqdG+3rCmFldtV5W20gO1u+VE4KLl3C5UBk8er4Y32KaQHj6+WLV36Ofd\/LT1szuc1+lSY7K5RF+Nud+y66l7M\/Ki2dUm7JSDytWnV6t2862wNA879S+zXzKnOdTuI3ZWwXQxVbUcKRp+46DBQQgtZ2WcYay9u8vuc2CMwNJucLn7YqUP2FsDmsf+zM9\/yazURypR1Roy6P4jT6+LlwWTbbFpw7llyZVzPBGPKUT5BPxaABe6Z99q19zdRp+uJTxS0+6ZY3aSDQ0k9tsUdToGIGeYYHzQNIzkTuRNZEmwPjcpQVEyO1m\/gdEnqNNHUSfiZkLk9vt7qBzExOhy2PeANRQH\/wtXzf8h4TWfbw+xA2YqgKOHBKyI9q+mKvlel8wawIAcd15BaRD1KbVjmwt29BK6cdhfnejULYUqbk+lklyroU2BbyzgK\/OV1WFeAIXKDBGgDxmIPk\/91skAJpBaIdauasUPy1vnqQJ3HsCQyvYLnt\/1zgSb698FLO6YkFsiZyeWboMznHcU8xCRU+drdvyak7cR+a1uoQaDzBWeF59g7ZOf9VT+lDArLtrODaev+tVvZ5TO4n18XYtbxP9pd+v2QlVXwexlDHPu5sGBHrF0KThmdMoiOXm1O6lwBkiPf4ndJtB9ag6qCtBH1hr8M88vQynP3zdFMEzJLZyJFU9OQGZ25iaq+4bZCznAgwWSWIfOXYvibu53LYRnc0zQM0SLskARwQ6dGSFo752M6GKDx4VJb5JmZ1T5yUSSZyJsSq8RRSU6VCX+NGuBmZ1yPTQoxCXKBtVk8PX1hO7ywVrXGyrWjQFAIbBMk01WnQQv6mdJWOwtfzLCyHhrCNimInNAHQYfqqXUIZkp8VLDMjBbzWjlADPq+bTGoyTAAoV\/GaxacLHv42GVt+RVssEE4m48lqjUEbbK9lmYCSPAWhFoshszbRZY5CCsmXT5ZwG7jK\/GWykP0OuQ2zAaPFNClF2bSZ+D7TsO6bwB9AljTTV3xApN+01JefTpsp23sEaLA2X1x922W0ZDA761NxFyDUslk\/QoVbmdjcMsMj\/Zb4gJwZHfRUv8a3OzcNRr4I1vmwalQl5lH5RgQyxprazcTd73xfh5ZRTB7K+dD0+QM0nm6ux+XxHujsEP5+IajmqkPQ\/jGQyBZbAWceuwL0n9gEMSiwfjZq3dz1nAWB0kYGlOW3GDReIPCJetfdJtdOoz3c5IuhoM2\/ALl9mXX4hZlajHhAdMYto1LVY3G+iumEhnB44kNWyWOHIh3s5ZdR519JXQL\/oA6SSlkj71HqGx0mALNnXg+SiC8yAD3oiHNmYznHGOTV5aaSqUbrIaTPyMeAQVdTHAawjM9on20nq66VX1sjOwJLcWVQdezega9N3YfaGoXDjci5iWCxivVNL9aaBPH4ox81PNE\/vzcCOUy77ghZ3LpJEwK7lpDXSXLWkAHlOBJHKBkwdd8snc5ZLV+c8MSW9SVPN5T4h+gn7KfTE3lQXwEFLvykkBKmPv1LtH9uY\/NRAJFXi+fyLf5EsHAewZLy105m+cJ7czUjoiXTZ8PUkxM9Ob1v0BtphKE0utqnD9ikYQO8pbnHEWtJ0e6\/ltx1JAj+f51vE2xI8n5d\/5Z1CGwIM1GRqouY\/Iy9kto4jjVKLLM9TdClAV66yG9r2G5TuWA6wkgL5R2GD7NZIcbp6l2O+TLTU5mnInj12yWGDmpOvkW8oHhmyxzmHk9lGIhuiq7t0m3DHPVMstdca8Kxzsi\/l0bKc9Y6xykQICMn1b6lLsuRFt1rtr4ZWNGIKt1AnH2G9ZJKCUUviYBupWvXs1wywPwhphv4Izv4xE22mTiM4UExjTD7x8lgQ0\/RQiqSpCnL5SBOdSwcUNScCRAjFERatu5BoN3EDBil4O+Qg9kSA5PTvzeLPSm\/vew+ZjKkfYzJUCKKmzotHP3lar9xd78h8RGeQGeF0pY0LJgW4agbE4Grk9c\/ChtMVt7rTcmwu8+YQqe\/Kqe5oBy8svMwSyX99Y+VaPsznbDRxH8rumKQQ9OKbttjCIxgq3VO8kdGHBq3T3qPLgwmAOq8cMkKy9QUuwh8NtfJSsaHm6irnv9ozhTPcJB7jZeoajkEiM9RE0x+AHN4V9Ks+2tiyOg\/nXnDVNq0Pv8Sa1Ohr7Zdaoa\/pisw9JPZ6tK\/OynHJC0KH8l9Vx8HbkNc66ei+jTIwIl1RidXwmwlg1mO5YMS5WWVpkVtNqW\/5wpLVQOOZ8cOLRcOzVaxLfZNyLkMH2xSH7lYa0FrfuwWCEnqNEiPJvLv5R\/3bkz5c\/HkordvBy+7TXklTHgc7FXZ2YSp\/9337gVpV6TzYiuWj44V1nudy+vT272wF7UXJcmmLeT\/\/Gur8\/Ir\/2s5dvWmW3zNyYm+Lz92Kf\/7W05YY8JOH\/jsJ0XKRnGEWS8LIW56Zp3WgVYCe\/hlNsfHXCwgB2IM39cjn5fXkCFnmHZz8XDhAw\/0+nF6CNLbfx\/pNs\/Ti3llJBKC66HHw95dbEmcrb+MiLf0htnHLBx1Bt0sYxJ\/EP3lhIsLjofyjIaoXIpW4xHHovlaJ8Gr+UZtrLuHgQ3Q7pOxEwscWUquNY4W4qz7L6sqwvyrhMen8T3WTN4QM14gp2RIEk573k\/QwHrw0gm\/QfRDwhgGM78Jd9cz9AGbIobJ4MfFnzvPNHTWXWuS3wpB7WQM4fKu1DBGO1mX4tE0NyZaU2Vvv4Vov4MQYL7Rg=","iv":"7944c0ab267a5b8673c23f67d567a820","s":"74f11e88e3c6b848"}
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