There is no denying that the uncertainties about the political-economic situation lasting from 2022 are expected to continue in 2023, which will directly affect the fashion industry, but in it, we still have opportunities to look forward to.
How will the fashion world change in 2023?
The Russian-Ukrainian war has not ended after a year, leaving the date of the return of fashion in this country still a mystery. The economic situation of European countries partly affected by this conflict is also forecasted about the not-so-positive scene from the European market. In China, the possibility of economic recovery this year is 5.4% according to Morgan Stanley’s forecast.
From the end of 2022, when the Zero Covid policy is gradually eased in major cities, sales of fashion and luxury goods will surely increase again when people can go to shopping centers and stores. . However, experts predict that the recovery level for the market to grow as expected will take more time when there are still many cautions about the risk of a re-epidemic outbreak and the unstable economic situation.
However, there are still stable markets that the fashion industry needs to pay attention to. The Middle East is no less competitive with its strength in oil and gas resources. According to data from McKinsey State, the luxury goods market of GCC countries is worth 10 million USD in 2021, up 23% compared to before the epidemic, and is expected to grow to 11 million USD this year. In addition, the Japanese and Korean markets are also recovering and developing positively thanks to open-door policies to promote both tourism and the economy, which is forecast to increase by 14% year-on-year.
The explosion of NFT and Metaverse in 2022 gives us confidence in the potential of virtual worlds in the fashion industry. But in reality, the expectations of the makers with the readiness of the market may not have found an intersection yet.
It is not only recently that Mark Zuckerberg’s business reports and user feedback on Metaverse have shown that it is an unsuccessful plan, but since the beginning of this year, many technology analysts have also predicted. report that. NFT or Metaverse is also closely associated with the virtual currency market which was heavily affected by the trading index dropping by 97% within 9 months. With the economic situation forecast to be very difficult this year, it is difficult to have an optimistic view of the NFT and Metaverse market that will continue to blossom.
However, the fashion industry will continue to utilize virtual technology such as NFT, Metaverse, or Web3 for effective marketing activities. Instead of rolling out commercials or shocking NFTs to the public, brands will focus on loyal customers to deliver novel experiences. This is what luxury brands like Louis Vuitton, Gucci, and Burberry have done very effectively.
Many personnel changes taking place in 2022 promise to bring many changes to the fashion industry this year.
Let’s talk about leadership first. LVMH chairman Bernard Arnault seems to be taking steps to divide power among his children. In December 2022, the second son Antoine Arnault was officially appointed to the position of CEO of Christian Dior SE, with the power to make decisions for one of the largest luxury brands in the world.
At Prada, husband and wife Miuccia Prada and Patrizio Bertelli also ceded the leadership seat to their eldest son Lorenzo Bertelli. At Versace, the brand also welcomed new CEO Emmanuel Gintzburger in the first quarter of last year. These changes are expected to bring a new breeze for brands, like the positive changes at Salvatore Ferragamo .in 2022 have been since Marco Gobbetti was appointed CEO in mid-2021.
2023 is the first year that designer Thom Browne holds the chair of CFDA. With his speech when he took office, we can expect more young talents in the coming years, and the American fashion scene will become more interesting and unique.
The wave of young designers taking the position of Creative Directors at established brands also opens up new faces of fashion: Charles De Vilmorin (26 years old) at Rochas, Maximilian Davis (27 years old) at Ferragamo, Harris Reed (age 27) at Nina Ricci and Ludovic de Saint Sernin (age 28) at Ann Demeulemeester. The most interesting is the presence of Daniel Lee at Burberry, the most curious is that the position of Creative Director at Louis Vuitton Men and Gucci is still vacant.
It is impossible to determine exactly who it is, but there are certainly other names on the chessboard that rotate. Fashion lovers, are you ready for the surprises the industry will bring this year?
You can click on the links below to own our products
[High quality] Atlanta Hawks Cool Version Summer Set Hawaiian Shirt
[High quality] Atlanta Hawks Best Outfit Summer Set Hawaiian Shirt
[High quality] Atlanta Hawks Best Outfit 3D Summer Set Hawaiian Shirt
[High quality] Atlanta Braves Full Printing Summer Set Hawaiian Shirt
[High quality] Atlanta Braves Combo Full Printing Summer Set Hawaiian Shirt
[High quality] Atlanta Braves Awesome Outfit Summer Set Hawaiian Shirt
[High quality] Atlanta Braves All Over Printed Summer Set Hawaiian Shirt
[High quality] Arizona Cardinals Unisex Full Print Summer Set Hawaiian Shirt
[High quality] Arizona Cardinals Retro Unisex New Style Summer Set Hawaiian Shirt
[High quality] Arizona Cardinals New Outfit Full Printed Summer Set Hawaiian Shirt
[High quality] Arizona Cardinals New Fashion Full Printed Summer Set Hawaiian Shirt
[High quality] Arizona Cardinals Cool Version Summer Set Hawaiian Shirt
[High quality] Arizona Cardinals Block Unisex Best Outfit 3D Summer Set Hawaiian Shirt
[High quality] American Hero Canvas Print All Over Printed Summer Set Hawaiian Shirt
[High quality] American Flag Buffalo Bills Full Printed Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf New Style Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf New Fashion Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf New Fashion Full Printed Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Hypebeast Fashion Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Hot Version Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf High Fashion Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Full Printed Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Full Print Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf For Fans Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Cool Version Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Cool Version Full Print Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Best Combo Full Printing Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Awesome Outfit Summer Set Hawaiian Shirt
[High quality] Amazing Toronto Maple Leaf Amazing Outfit Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning New Version Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning New Type Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning New Style Full Print Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning New Fashion Full Printed Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning Full Printing Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning Cool Version Full Print Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning Best Outfit 3D Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning Best Combo 3D Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Lightning Amazing Outfit Summer Set Hawaiian Shirt
[High quality] Amazing Tampa Bay Buccaneers 3D Summer Set Hawaiian Shirt
[High quality] Amazing Santa Claus Unisex Hot Fashion 3D Summer Set Hawaiian Shirt
[High quality] Amazing Santa Claus Hot Version Summer Set Hawaiian Shirt
[High quality] Amazing Saint Louis Cardinals New Type Summer Set Hawaiian Shirt
[High quality] Amazing Saint Louis Cardinals Hypebeast Fashion Summer Set Hawaiian Shirt
[High quality] Amazing Saint Louis Cardinals Full Printed Summer Set Hawaiian Shirt
[High quality] Amazing Saint Louis Cardinals Full Print Summer Set Hawaiian Shirt
[High quality] Amazing Saint Louis Cardinals Best Combo All Over Print Summer Set Hawaiian Shirt
[High quality] Amazing Saint Louis Cardinals Best Combo 3D Summer Set Hawaiian Shirt
[High quality] Amazing Monkey Cool Version Summer Set Hawaiian Shirt
Connect us at:
Collection https://swagteeshirt.com/shop/sport-shirt/
Homepage: SWAGTEESHIRT Store