REPORT The State of Fashion 2025
December 3rd, 2024
In 2025, 80 percent of executives expect no improvement in the global fashion industry. Sustainability has fallen off the agenda, with only 18 percent of fashion executives citing it as a top-three risk for growth in 2025, down from 29 percent in 2024. Lack of consumer confidence and appetite to spend was cited by 70 percent of fashion executives as the biggest concern for the year ahead.