Around the globe, we expect greater than 20 percent annual digital progress in in contrast with 2020. In 2021, the COVID-19 pandemic will speed up trade developments, with shopping shifting to digital channels and shoppers continuing to champion equity and social justice. Despite a dip in margins, low cost and luxury outperformed the wider market in 2020, while the midmarket continued to be squeezed. However, performance was uneven, as nations with robust healthcare methods and economic resilience fared higher than others.
For almost eight a long time, FIT’s Fashion Design program has cultivated creative and revolutionary leaders who proceed to disrupt the global fashion trade. All this comes against a backdrop of the style business having turned a nook in 2018, with increased progress justifying the optimism expressed in last year’s global fashion survey. The warning in the economic outlook is also reflected within the BoF–McKinsey State of Fashion Survey, …