Boston Consulting Group news and archive

Fashion CFO Agenda 2026: Building financial resilience through sustainability

While sustainability is increasingly impacting fashion economics, executive attention is paradoxically dropping. A new report, “Fashion CFO Agenda 2026”, argues that sustainability is no longer just a “high visibility” topic but a core financial discipline essential for long-term company resilience. It has been co-authored by Global Fashion...

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Business

Vestiaire Collective report: Second-hand market grows three times faster than new goods

According to a new study by the resale platform Vestiaire Collective and the Boston Consulting Group (BCG), second-hand fashion and vintage luxury products are projected to reach a market volume of up to 360 billion dollars by 2030, compared to the current 210 to 220 billion dollars. This represents an annual growth of 10 percent, a rate three...

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Fashion

Luxury Redefined: white paper analyses how brands can connect with today's consumers

The luxury industry has been having a hard time keeping up with their consumers - while wooing and educating them in the 2010s, it did not anticipate that they would outgrow their teachers. Hence, media brand Highsnobiety together with the Boston Consulting Group surveyed more than 6,6,710 consumers in eleven key markets - China, South Korea,...

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Business

Altagamma: future of luxury between top-tier, aspirational clients and high-potential countries like India and Thailand

Milan - Multi-brand retailers are facing a crisis. This is particularly true for those focused on clothing and leather goods, but not those in beauty and watches and necessitates an ever-closer relationship with customers. The luxury sector is experiencing a period of stagnant growth. There is also disaffection among aspirational consumers. This...

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Business

Fashion for Good & BCG: Demand for next-gen materials could outpace supply by 2030

“Materials lie at the heart of the fashion industry. They form the foundation of every garment, shaping the design, feel and functionality of the product. They also define the brand’s narrative and its appeal to consumers,” starts a new report published today and created by global sustainability initiative Fashion for Good together with the...

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Retail

Report: Retail innovation for a competitive advantage

Today, consumers are used to making online purchases with a single click, whether it be via a social media channel, an app, or a store platform. They expect to receive online deliveries in 30 minutes or less and shop in virtual stores in the metaverse. Rather than physically trying on clothes, they use augmented reality smart mirrors from the...

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Business

Agile supply chains: Shein, BCG and GoodOps discuss challenges and opportunities

As the fashion industry continues to grapple with the far-reaching impacts of the pandemic and new global challenges, it has become clear that the ability to swiftly respond to changes in the supply chain is a defining factor for companies to achieve success. Industry stakeholders from ultra-fast fashion player Shein, sustainability strategy and...

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Management

Retailers not on track to meet sustainability targets

A new report states that the retail industry must “work harder and faster” to make a meaningful impact to deliver on climate change commitments. Research from Boston Consulting Group (BCG) in partnership with the World Retail Congress, found that less than 20 percent of major retailers are on track to hit the Paris Agreement climate targets. The...

Retail

Sustainably-minded shoppers driving resale market growth

As consumers increasingly seek sustainable products, new research reveals that 69 percent of shoppers are now willing to purchase more secondhand pieces in the future and that consumers’ wardrobes will increasingly comprise secondhand clothing, from 21 percent in 2020 to 27 percent in 2023. That’s according to Vestiaire Collective and the Boston...

Fashion Partner Content

CFDA & Boston Consulting Group Launch NYFW Impact Study

Sustainability is a key pillar for the CFDA, and today, we’re proud to announce a focused study on the environmental impact of New York Fashion Week with Boston Consulting Group (BCG). From printed invites and show notes to water served in plastic bottles and backstage appliances, lighting equipment and so much more, we felt an urgency to...

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Fashion

Sustainability progress “has slowed” reveals new data

According to new data from the Global Fashion Agenda (GFA), Boston Consulting Group (BCG) and Sustainable Apparel Coalition (SAC), the pace of sustainability progress in the fashion industry has “slowed” by a third in the past year and is not moving “fast enough to counterbalance the harmful impact of the fashion industry's rapid growth”. The...

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Retail

Fashion brands must improve digital marketing as online shopping grows

Consumers are growing more and more accustomed to buying clothes online, so much so that the share of e-commerce sales is set to grow from 20 percent today to 25 percent by 2020, according to a joint study by international marketplace Zalando and consultancy firm Boston Consulting Group (BCG). In this scenario, it is crucial for fashion brands...