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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QLXyJUB5ADQaoUIW\/o2NiwuLPoIv2bi++CXPWGMubr1v9s58WdWpNxOOGQEVKZ+men+vl\/ZShL2VunbB0z7SNGlplR1nsBEjQoSCl7Us9GiLPW12Vl6O9xRilO97NbAQbSYkYVldJtFJxdUC4j7LOyWXIlYh1Die\/G0m2URKcx3ZSmCkiEFzAMmBHBeABXtN17JQOq5L4TpxvyfjS\/S\/7PPnU+VNaFeaObjoEQFWPHWaLI0HGY5g78Pu87tZCPY43D27YDyx4EZ5XgCFAQ+mpRrV+tn+HjcoLuRIt8sVqqTLcjbEjdO30UFCDfJvy0ElbIld3O35uvfufeDZojaiip9oEjeN5o59bDzwWoClxTbDNZ\/p\/bi88XIJTLxSadqdiWtPd4Vq13BfH0epilqtZ7qsR9cKDk7qPnBaEOzriGLzEIiPynfTsNStDEH9IVFZZKil9zSdJXCJ2c04oM7fsU7Stdm2RdnxdXTBCAT2BJkZNWRJQtHcZE1o\/BLNjjorlcgE8djYmed\/tEZf9gyiFAlFCBZqkUEScZNDqJEhhJ+c3ZNanxgXn3xBE1RdPAGRsx9A2MjrNn4rw7VtoAe03\/XX+AiSSbPezfY7Ru0hG6rrj7A9itQQiTQ1aztdSnxbdOry7MyR0qR7doIzXKSPFQrfHe7YpVdI8afURvTil4k7MNJ9CXgU8tnLQwOPLw3yyFUTLyqBa86yyLMpUC9LfClybeHUhup\/kdoJUO2El4zB7Dxe3Yeo5g9WBaX9kl4i9qsx2GeX6iKjftw64p+phybltquNZQQFZrSnU7BLAl5FoKH5aAoeXtCzuwiVzTSW9wAxL+n5LL5HDFdyIS6ik5WbRZn4WgtMz6qu6UPWaBak7DufAZZBLn66l36V0I\/h2q\/RUsomZKsGSQDCd57RUydeV6stFB3nwy3Wa\/UbBYHhRbcXMwcyhuh78BDC2K9gv787JKrEXXc5bl30Wm+JPJ36vWB+SrJuzsrO4qqiDo4CC79HWsnEPixNbpqZj9LClBGl2suXAy2f+RXP\/yE6cNLU2IYLX\/fobCMNSuSx+e7Vl7TANK4ns5Y\/6vQGv9FdQEexNXdxUUbNWI04yGbbhOwu0sJ9Jn2mZyxTdOy0xOutBP2khUJiuwrrXBtCCNLAWZmb6Z5nPHHHbtnRx8JWQSShDhLbMoLUGNH0Ips3Lj4tBBvM59vUDKjKRirs25\/Z\/7vyw4ryv3miRnrIwbtLhYcsGKtvjfCgT2+RyNJTw0fk6dwsVfL1FdQsFFTeypQwsaBWHUZGAJB+1AiIViBLyc7NF5QYU2az1EmFVJ1N7raxbJih2XlrbdUX4J03DBMDm65mLkuhzpSfBMOShzM7jrdHycid7rG4WO3Z88Xm+tnR31lUhASNiPYfpLxkNPE5WQZWjx+bdQC4\/QJmdlinbDBE1v+1zhOTXPHP6y2JXUB1jXsAOHQLyIpuPVAgPGfxWpbqyeJEcmlYgN17DNW7CpR58lOULOnur7DvKOD4\/gChlC3rBLxqitBTbwfKzP0VZp2VBO9qYQBByGN4oKFmNJHjy3t\/AmHgpDl47l3M45fzOryELya1IYXjYsK5KrEnC7o8w1Vd4mxOnHgygyEI0\/AjPVt2TfNWUlxmJcx+2LzRUF\/gHONywI07NVj\/yen4EH8do0+1j0SsSHttfU57r5M4rUXGga3I\/v039hXtf54si2v97RTMRAQtu4kGngVjmvkUy4DRVIfVOySuQDWgzonueFR5e8h\/FLH+S+2PYJeMRofrg\/+Wn97x2tCoQlSdDCT0F843+AwYcOD8QgDh9Mm2ssr7MUP9VmbZFngILcocvSQ2carlEE3Txnz1AvNZwHyeg0ZjbS7nBcq\/jUje7oaxdEu5uVHloSlaar3cfbgLHSU1g9zTlE8PGcG2ch3gdV\/5Iajt7tUDeyzISy3DfVF5IPtxElDbZu9Gx2hkNpYy5dxmHEbQOAK2mN4yfoRL98K54DLLRSYqCkoQKHxGd18L\/f\/a3AKrLZfvF8W1cFyV0+Eh2NrXIOygnHiFNIurYfoWrS5td6A6YcHchG1Ye5uRfyantG5xVFup19NEIeBY+saGbm7NdjpeKameRGU3BxvriY819aXoPzBsKcKAm2KCUWkCvLavXi9Ev2UJRfeca1jzkev8SbS6DTeNwcSph8dbu764dtLsnNXJ+UvOeY4KqX5U34M5MBx0Y3pUmqLSbjk14UMjzqA5m5S+lz4YrfVEpMO+5kHOKJctcb5\/L72VPL\/tqSocnzBtn4dyFYius\/RmJJ86USr8PVdufMtySZ6Dhlcj4RmQflqKjQOIQ4TYWRXtaQUVgXVZkD11K3a46JM8XSzkjK80qRpEVx8r99hekliZzci+dvNSfrqosbWNbF4w5OoVq\/VQtFWWHMylIlvt5kPdP+5phHXZ7A+iUwMrFx0U1XeEvM0FvOWotQZdmp1yVwagFul5ANQSt96zZrqEtrGWy2AFgfUvDQo3v5INeNrgpt\/hgBvT+nocD8d2lGGVScSLWadoOvsNO7jUeoI+T\/Ww8HRf\/gttbDj+n3EZvVHM8dHHNfiA3Lvfrhw0CrlQ0VTuRRyxhXHNX08LIev4zq9Z2wmG85UUZWwzQc6Z2ASMMMHJuUzqjdIkmPG\/KlAnp\/19irxWLktGaC387\/71lzc+4XMuvq2nOeYbe6HFM8TfBAHArqrq1XAI42CXh1dKFuXd8GhY7Msei0ONKkhfWH9JiqmySDKPEDUJ385at1W2RkirUHRwtMOYQW0lsPDRv\/FRq8ZPOxbZt\/r2sWJAK2vLHqkQYeAY0bt\/sAoWXdS5QR97mEO5ns2eKkyOsQc9MuOI3WOW3y6FHkScrMpaeIeRrf7CW+JOOkaR0M\/QUcvNPhOgkdxFCBsEFAF3jGEsvQNFnKu2KHRWtLlifdsSrntAbpHaHfKliCav8ZSGn7XtXojs53uum3xyrK4JQPhNcIBmkYuFxU+xckBbhAUDRcIIsrq0LpPSdV2lxteFbSX7jfOd1a8\/sbbzq7zBn8uXZzilY+u62wFUA7EiDYir9lrTjffomqjfFcqQVzjHlvmA2av243TXdYxAuSn\/MO9vjxT+rdaXJRjzFQWljgSEq12McC8kco1iiaKhD92hXODqcKKggpVSvQUVTOnsUaXdj2GunL5E5HWi5uHXTBJbTYo\/19mPTNFUouZMW99JCkqgJWfuN1x4zGv8azm25NAItjiGdTZe3OhORQ+8ySrTSkD5Gx0CjLARU7RgfrpCU1KJgOGTQzZj\/KO6Pta3vA5JKYEq+xDWGeJ9ZRQGJseG2+aAovfT+yef9Op23M6T6692mVFs6yP66ntXDk45Esmf9V1sZZ2iNbXDvBrnJKMi2oYRRXkYOw7RRNqo2vtzG2D0WDuXAk5PjhKXCaC3pjjdk4WFzPC9EMpGRvCC3+4ItklXnnZUlpHIyfeKG3i6hD1yqdown1RNNsdrUa10PtpywzevZGB7HJiEEPW4IJbapxqGTWnOkKUnZTYbFCYlBCZzoY\/MMZOx5WzXTCegXSNTHdGpqzmGh5M8ZYHMN4nyxJMWhsE6AZs9DWfJVEjy\/QZ2sAc29Avb6qf\/\/HncRCK4b0\/qzNmfmSkhnf4X31MymIIinD+JBwVdlukUZByLor3Dasflj2+OXDtLpz00OrmcxQ+23D1PtBBVKuG8gBFKsW\/EHSBLQTaftv0Ff7UOBVtHCYlfNrpZlhDsCvQ8bG1pO2YUr6ls5fPHizI8uYgspV6TemH46DNZSQm4dkNq0q9RAwygeL6DDRRwwyze9ry3eu\/nUHJL7Z0Offy\/unm3aOIuhiEGbjhg6NauHg+vicEPEs1ylPBGwYjJ2AdrSbY0DKSQ0LqWozokNzDNKqDhkdIjn1vfE\/qyFMeaIgTvIb72LiGfia9CeBRYhmv6LfVM7xoAqGbSeVeIAIYE5tp9o9OrutBzybiZCeI9JSNZYlXWFsU8dpVIgcKaY4hmxn\/cWNR0OGgK+py\/p0ZDax34ordW4AhGWAAY=","iv":"ccedc7608958aec79ebdf61f0220426a","s":"5bb4424dbeb0024d"}
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