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Nearly 40pc of fashion execs foresee industry conditions worsening in 2025: McKinsey

Traditional VIP shopping experiences were often more rewarding than the products themselves. But today’s young consumers want online VIP experiences. Fortunately, brands have options. Image credit: Shutterstock Published Nov. 11, The State of Fashion 2025 confirms that macroeconomic uncertainty is expected to persist next year. Image credit: Shutterstock

 

Luxury apparel brands will continue to face tough market conditions in 2025.