Perspectives

Key challenges in luxury fashion

Our report outlines four strategic topics in the luxury fashion industry that should be on every CEO’s agenda in the coming years.

 

The death of traditional fashion collection cycles: Acceleration of fashion cycles driven by online-induced demand for permanent newness has firmly arrived in the premium and luxury segments.

Sustainability in luxury fashion: Sustainability and eco-friendliness have become socially prominent topics, thereby also influencing demand across all fashion segments.

Emergence of “rent a lifestyle” models: Rental and second-hand models are a rapidly growing phenomenon especially in the premium and luxury segments.

Implications for “the machine”: These industry trends are substantially affecting merchandise planning, supply chain and operations with new requirements for flexibility, speed, quality and transparency.

Read the full report.