Profit decline news and archive
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...
2 Dec 2020