Inflation Tops List of Retail and Fashion Industry Concerns

WWD’s latest webinar with industry experts from Kearney focused on the results of a recent executive sentiment survey that was conducted over the summer. The results showed concern surrounding economic recession and the impact of inflation as fashion retailers and brands navigate a landscape fraught with changing consumer behaviors.The webinar, titled “Inside the Minds of Today’s Fashion Industry Leaders,” featured Brian Ehrig, partner and global head of Fashion and Luxury at Kearney; Vincent Barbat, partner and Europe head of Fashion and Luxury, and Nora Kleinewillinghoefer, partner and Americas head of Fashion and Luxury at Kearney. This reporter moderated the session. “Inflation or economic recession is by far the top concern,” Ehrig said of the survey results. “Everything else falls far below that in terms of priorities.” Ehrig said a third of executives surveyed found inflation or economic recession extremely concerning or very concerning, adding, “and everything else falls pretty far below that. And that really tracks all the way around the world and every geography is in the same situation.” The amplified focus on macroeconomic influences underscores a broader tension in an industry deeply connected to consumer confidence and discretionary spending. However, the data portrayed a significant geographic variance in these concerns, with

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