McKinsey, Sourcing Journal Survey Says Fashion Faces ‘Next Normal’ – Sourcing Journal

The year 2020 may go down as fashion’s worst, as the discretionary category fields blows from all sides in the crisis brought on by COVID-19. And as the industry moves further into the second quarter, conditions are only expected to worsen. “From a revenue perspective 2020 is looking grim for the global fashion industry,” according…

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