In the past 48 hours, the fashion industry has experienced notable market movements, new partnerships, product launches, and ongoing challenges. Luxury brands are facing a slowdown: Bain & Co. data shows luxury fashion sales worldwide fell 2 percent in 2024, with Chanel’s operating profits dropping 30 percent and LVMH’s fashion and leather-goods division reporting an 8 percent loss in the first half of 2025 and an additional 2 percent decrease as of October 14. Dior is projected to see sales decline by 10 percent for 2025. High prices driven by post-pandemic demand have led to stagnation, particularly with Chinese consumers, who account for a third of global luxury sales. Chinese luxury revenue dropped up to 20 percent in 2024, mainly on falling consumer confidence. Western middle-market shoppers are increasingly turning to more affordable brands, further challenging traditional luxury players.
Creative leadership changes are widespread across major houses including Christian Dior, Gucci, Balenciaga, Chanel, Givenchy, Tom Ford, and Lanvin. This influx of new designers is intended to renew both brand appeal and financial performance. Paris and Milan Fashion Weeks just concluded, generating $1.1 billion in media impact value and introducing radical runway concepts and new brand ambassadors targeting Gen Z audiences, but conversion into higher sales remains uncertain.
New partnerships and product launches remain frequent. AllSaints announced a new Chief Creative Officer, while Debenhams launched Nasty Gal on Amazon. Activewear and street fashion are growing, highlighted by Ted Baker’s first activewear collection and collaborations such as Dr. Martens with Rick Owens and Sandro with Clarks Originals, emphasizing both craftsmanship and innovation. The Harlem Globetrotters revealed collaborations with OVO, Actively Black, NBA Labs, and Shoe Palace for their centennial, targeting diverse audiences and linking fashion with popular culture. Abercrombie & Fitch also became the NFL’s first official fashion partner, debuting athlete-designed apparel.
Circular fashion and sustainability are gaining traction: the market for circular fashion is now valued at $6 to $7.5 billion and growing 9 percent annually. Supply chain models are evolving, as John Lewis announced a new supplier approach. Adidas, meanwhile, raised its profit outlook after partly mitigating US tariffs. Compared to previous reports, the industry is more fragmented and competitive, focusing on innovation and collaborations to engage consumers who are increasingly price-sensitive yet seeking authentic, sustainable experiences.
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