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Agenda-setting intelligence, analysis and advice for the global fashion community.

Why 2022 Wasn’t So Bad — and 2023 Might Be Better

The fashion industry has cheered this year as consumers have repeatedly defied economists’ predictions for an imminent, and sharp downturn. A global recession may still be on the table, but even now there are reasons for hope.
Shoppers on Oxford Street in London in December.
On Friday, the University of Michigan said its index of US consumer sentiment hit 59.7 in December, below a reading of 70.6 a year ago, but up from November and above economists' average forecast. (Shutterstock)

For the better part of 2022, the fashion industry was waiting for the other shoe to drop. We’re still waiting.

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