According to a 2023 survey of executives and experts in the fashion industry, consumers can expect the price of their apparel, footwear, and accessories to increase in 2024. Almost 70 percent of respondents said that prices will increase, with one-quarter of total respondents expecting this increase to be greater than five percent.
Expected change in retail sale prices according to fashion executives worldwide in 2024
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McKinsey & Company. (November 29, 2023). Expected change in retail sale prices according to fashion executives worldwide in 2024 [Graph]. In Statista. Retrieved October 12, 2024, from https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/
McKinsey & Company. "Expected change in retail sale prices according to fashion executives worldwide in 2024." Chart. November 29, 2023. Statista. Accessed October 12, 2024. https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/
McKinsey & Company. (2023). Expected change in retail sale prices according to fashion executives worldwide in 2024. Statista. Statista Inc.. Accessed: October 12, 2024. https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/
McKinsey & Company. "Expected Change in Retail Sale Prices According to Fashion Executives Worldwide in 2024." Statista, Statista Inc., 29 Nov 2023, https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/
McKinsey & Company, Expected change in retail sale prices according to fashion executives worldwide in 2024 Statista, https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/ (last visited October 12, 2024)
Expected change in retail sale prices according to fashion executives worldwide in 2024 [Graph], McKinsey & Company, November 29, 2023. [Online]. Available: https://www.statista.com/statistics/1426809/fashion-executives-price-change-expectations-worldwide/