Howard Yu’s Post

An excellent example of how future readiness can be quantified. I believe the methodology behind the future readiness indicator (@Howard Yu, thanks for making it public!) is applicable to any company looking to start with self-analysis. One potential challenge is using equal weights for all factors. While it works for financial data, it might be less accurate for areas like 'Early results of innovation,' which are quantified by metrics like 'press count on [innovative keyword],' which may not correlate with actual innovations. As with most index metrics, the greatest value comes from tracking them year over year. Learn more about the methodology: https://lnkd.in/dFWXaWXw

🌍 The Future of Fashion in 2025: Embrace Change, Drive Growth 🌍 The fashion industry faces a pivotal year ahead, with changing consumer priorities, economic shifts, and new opportunities across global markets. Brands that adapt through localization, AI-powered curation, and agile supply chains will stand out. Tap into the growing Silver Generation demographic, elevate the in-store experience, and innovate in sportswear to stay ahead! 💼📈 #StateofFashion2025 #FashionInnovation #Sustainability #CustomerExperience #GlobalMarkets #FashionTrends #RetailTransformation

The State of Fashion 2025 report is out!! Published by The Business of Fashion in collaboration with McKinsey & Co, the report states that the fashion world stands at crossroads, navigating shaky growth, wary consumers, and an ever-evolving global market. Brands are being pushed to get creative—turning to AI for trend-spotting, leaning into local tastes, and making a play for new audiences, like the often-overlooked “Silver Generation” of 50+ shoppers. Asia emerges as a bright spot, with markets like India and Japan bringing fresh opportunities—but only for brands willing to adapt their strategies. The takeaway? The old rules won’t cut it anymore. To thrive in 2025, fashion has to think fast, stay nimble, and embrace change at every turn. What are your thoughts on the future of fashion? https://lnkd.in/eDqkkDtz #fashion #retail #thebusinessoffashion #fashionbuying #merchandising

I read the whole The State of Fashion 2025 by McKinsey & Company & The Business of Fashion so you dont have to. Based on the "The State of Fashion 2025" report, here are the key takeaways: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 1️⃣ The fashion industry is facing a tumultuous and uncertain 2025, with sluggish growth expected to continue. Revenue growth is forecast to stabilize in the low single digits. 2️⃣ Fashion executives are pessimistic about 2025, with only 20% expecting improved conditions and 39% expecting worsening conditions. 3️⃣ Non-luxury segments are expected to drive economic profit growth for the first time since 2010 (excluding Covid-19 years). 𝐊𝐞𝐲 𝐓𝐡𝐞𝐦𝐞𝐬 1️⃣ 𝑻𝒓𝒂𝒅𝒆 𝑹𝒆𝒄𝒐𝒏𝒇𝒊𝒈𝒖𝒓𝒂𝒕𝒊𝒐𝒏: Global trade patterns are shifting as major economies diversify sourcing away from China. Fashion brands are likely to further diversify their sourcing footprint in Asia and explore nearshoring options. 2️⃣ 𝑨𝒔𝒊𝒂'𝒔 𝑵𝒆𝒘 𝑮𝒓𝒐𝒘𝒕𝒉 𝑬𝒏𝒈𝒊𝒏𝒆𝒔: As China's growth slows, brands are looking to other Asian markets like India, Japan and Korea for growth. 3️⃣ 𝑨𝑰-𝑷𝒐𝒘𝒆𝒓𝒆𝒅 𝑫𝒊𝒔𝒄𝒐𝒗𝒆𝒓𝒚: AI-enabled curation, content and search will help improve online product discovery for shoppers. 4️⃣ 𝑺𝒊𝒍𝒗𝒆𝒓 𝑺𝒑𝒆𝒏𝒅𝒆𝒓𝒔: The over-50 "Silver Generation" represents a growing and often overlooked consumer segment for fashion brands. 5️⃣ 𝑽𝒂𝒍𝒖𝒆 𝑺𝒉𝒊𝒇𝒕: Consumers are increasingly price-sensitive and prioritizing value, driving growth in resale and off-price segments. 𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐬 ✴ Return to in-store shopping, requiring retailers to improve the physical retail experience. ✴ Challenges for online marketplaces as they face falling demand and rising customer acquisition costs. ✴ Sustainability remains important but is taking a backseat to more immediate business priorities for many executives. ✴ Supply chain reconfiguration to prioritize nearshoring and manufacturing in geopolitically aligned countries. The report emphasises that the old industry playbook is now obsolete, and fashion companies will need new strategies for differentiation and growth in this challenging environment. #thestateoffashion2025 #fashion

«The old playbook is now obsolete; the industry will need a new formula», states the annual report The State of Fashion 2025: Challenges at Every Turn, published by McKinsey & Company and The Business of Fashion Insights. The five fashion industry themes that will set the agenda in 2025: 1. The Shift from Online to Offline: One of the most significant trends in shopping is the migration of consumers from online platforms to physical stores. As a result, brands in 2025 will need to focus on enhancing customer service at offline locations to meet this evolving demand. 2. Rebalancing Focus on the Asian Market: While China remains a major player in the industry, the country's economic downturn and a shift in consumer preferences towards more affordable brands are pushing luxury and premium brands to turn their attention to other emerging Asian markets, such as Japan, South Korea, and India. 3. The Shift in Consumer Age Demographics Towards 50+: By 2025, fashion brands will face challenges in boosting sales solely through the younger generation. Brands that cater to the “silver” consumer segment will have a competitive advantage, as the 50+ age group is becoming an increasingly influential market. 4. Rising Popularity of Sportswear: A 20% growth in demand for sportswear is expected. According to McKinsey&Company and BoF Insights, sportswear brands are set to drive the most profit, leading to the emergence of new labels and heightened competition within this dynamic sector. 5. Product Saturation in the Market: Consumers are overwhelmed by the vast array of products available, making it insufficient to simply offer high-quality and stylish items. To stand out, brands will need to leverage innovative marketing strategies and stay ahead of new trends in content creation. https://lnkd.in/eDqkkDtz #BOF #TheBusinessofFashion

It's always enlightening to dive into the 9th edition of "The State of Fashion 2025" by McKinsey & Company and The Business of Fashion, which highlights the emerging mega #trends for 2025 under the theme "Challenges at Every Turn." Here’s my key takeaway from the 10 defining themes that will shape the fashion industry agenda in 2025: 💠 Trade Reconfigured: Global trade is shifting as major economies diversify and source from countries where they have more political alignment. As a result, fashion brands are likely to double down on diversifying their sourcing footprint in Asia and lay the foundations for #nearshoring. ®️ 💠 Asia’s New Growth Engine: #India will be a focus, particularly for high-street players, while Japan’s luxury boom is expected to continue into 2025🌏 💠 Discovery Reinvented: a new era of brand and product discovery is on the horizon, underpinned by #AI-powered curation across content and search. 🧠 💠 👵 👴 Silver Spenders The “Silver Generation” aged over 50 represents a growing population with a high share of global spend. 💠 Value Shift : Macroeconomic pressures and rising prices have driven fashion shoppers to adopt cost-conscious behaviors. 🤔 💠 The Human Side of Sales : Differentiating the in-store #experience is key to reigniting demand for in-person shopping. ✅ Link to the report in comment

The State of Fashion 2025 report is out! Published by The Business of Fashion in collaboration with McKinsey, the report states that the fashion world stands at a crossroad, navigating shaky growth, wary consumers, and an ever-evolving global market. Brands are being pushed to get creative—turning to AI for trend-spotting, leaning into local tastes, and making a play for new audiences, like the often-overlooked “Silver Generation” of 50+ shoppers. Asia emerges as a bright spot, with markets like India and Japan bringing fresh opportunities—but only for brands willing to adapt their strategies. The takeaway? The old rules won’t cut it anymore. To thrive in 2025, fashion has to think fast, stay nimble, and embrace change at every turn. What are your thoughts? https://lnkd.in/eDqkkDtz #fashion #retail #fashionbuyersclub #fashionreport #businessoffashion

Sharing a great summary of 2025 Fashion state study by McKinsey & Company , shared by my colleague, Harsh Kumar . When I was reading it through, it almost felt like the industry as a whole is hitting pause—taking a moment to reflect after years of transformation. And honestly, we all needed that pause to assess where we stand. But let’s not lose momentum. The past shapes the present, but repeating it isn’t the way forward. Instead, let’s draw lessons from the past, find our balance, and keep moving toward a better future.

🌟 How Fashion Leaders Define Fashion: The Unique Definitions of Top Industry Experts 🌟 What does fashion truly mean? 🤔 Is it art? Culture? Or is it about sustainability and innovation? In this carousel, we bring you the personal philosophies of 10 iconic fashion leaders—including designers, executives, and influencers—who share their insights on fashion’s evolving role in society. From creativity and cultural influence to sustainability and digital transformation, these experts redefine fashion in their own words. ✨ Discover how: ✔️ Donatella Versace translates dreams into wearable art ✔️ Ralph Lauren views fashion as a global language ✔️ Stella McCartney champions sustainability in design Swipe through to see how the world's top minds are shaping the future of fashion! 👉 What does fashion mean to you? Join the conversation below! 👇 #Fashion #FashionIndustry #Sustainability #CreativeDirectors #FashionLeaders #InnovationInFashion #CulturalInfluence #PersonalStyle #SustainableFashion

🔍 What’s shaping the future of fashion? Let’s dive into McKinsey's #StateofFashion2025 report! From shifting profit trends to game-changing technology, the fashion industry is at a pivotal moment: ✨ Non-luxury sectors are leading profit growth, breaking a decade-long luxury dominance. 👟 #Sportswear is thriving, fueled by the health and wellness movement. 📈 AI and advanced analytics are revolutionizing inventory management, with brands like Kering reporting a 20% accuracy boost. At #K3FashionPortfolio, we help brands adapt to these trends with innovative tools that fuel agility and growth. Curious how your business fits into the future of fashion? Let’s explore together. 🌟 💡 Check out the key insights here: https://lnkd.in/eEPdB6M5