Flexibility is key. “After a year in which the fashion industry posted record-low economic profits, business leaders are on the front foot, seeking to innovate while continuing to engage their core constituencies.” According to @McKinsey, the economic slowdown has given retailers the opportunity to rethink their business models, streamline their operations, and better define their customer propositions.
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Source:
https://www.mckinsey.com/industries/retail/our-insights/state-of-fashion#