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McKinsey and BoF find 90 percent profit decline for the fashion industry

The Business of Fashion and McKinsey Company have released a report examining the future of the 2.5 trillion dollar global fashion industry. The report forecasted a staggering 90 percent economic profit decline across the industry in 2020. This marks the worst year on record, while global fashion sales will decline 15 to 30 percent in 2020...