The Fashion Act has been gaining momentum, with over 80 legislators supporting it, but as the legislation is in its third session at the New York State legislature, Bédat's work isn't done. After three years of effort, Bédat is still actively lobbying and rallying behind the legislation to garner greater awareness among citizens.. As a whole, the fashion industry is predicted to achieve year-on-year retail sales growth of between 2 percent and 4 percent in 2024. Aside from economic challenges, one pressure point that cannot be ignored in the year ahead is the climate crisis. After numerous extreme weather events in 2023, leading companies are likely to bolster their.

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Ana Macit, Marketing Lead, Seamm. 12.01.2023. The fashion industry, a beacon of resilience and innovation, stands at a crucial juncture as we look towards 2024. The preceding years have been a testament to its ability to adapt and thrive, with economic profits in 2022 surpassing those of any year between 2010 and 2020, barring one. However, the.. In The State of Fashion 2024, the latest annual report published by the Business of Fashion and McKinsey, our analysts, in conversation with industry leaders, delve into insights for 2024 and from the passing year, with the goal of identifying new pockets of value and drivers of performance for the year ahead.