Ahead of the release next week of a “speed to market” survey by McKinsey & Co. Inc. in partnership with WWD, Jennifer Schmidt, senior partner at McKinsey, shared some of the conclusions drawn from the research as well as some actionable steps retailers and fashion brands can take to improve supply chains and reduce long lead times.
The report, which will be released during the WWD Apparel & Retail CEO Summit, was based on a survey of industry executives and was conducted as the market adapts to changes in consumer behavior. Researchers at McKinsey assert that retailers and brands need improved lead times as well as to leverage consumer data and insights — and many do, but perhaps not enough.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion