Share this email
Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
Learn more about McKinsey’s Retail Practice
New from McKinsey & Company
Many of our most popular recent articles focus on retail, a topic you’ve let us know you’re interested in. In case you missed these insights in your inbox, we’ve bundled them up here for another chance to check them out. In the top spot is "The State of Fashion 2024: Finding pockets of growth as uncertainty reigns," an article by McKinsey's Anita Balchandani and coauthors. We hope you enjoy these insights as much as others have—and that you share them with colleagues and friends who might also be interested. We’re continually developing new articles and reports on this topic, so keep an eye out for those in the weeks to come.
Fashion companies will face economic headwinds, technology shifts, and an evolving competitive landscape in 2024. However, shifting consumer priorities will continue to offer opportunities.
Sashay away
The glow of the beauty industry has proved hard to resist, attracting many new companies and investors. Brands must make differentiating choices to find success in this shifting and increasingly competitive landscape.
Develop tailored strategies
While still nascent, generative AI has the potential to help fashion businesses become more productive, get to market faster, and serve customers better. The time to explore the technology is now.
Boost business with AI
In light of the modern-day consumer’s shopping behaviors and spending habits, retailers and consumer goods manufacturers in Asia would do well to question—or perhaps even abandon—traditional ways of doing business.
Rise to the challenge
The Italian luxury brand’s North American CEO, Massimo Caronna, shares how strategic supply chain investments and a contrarian approach to growth will keep it around longer than any trend cycle.
Put people first
Follow our thinking
McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android.
