The State of Fashion 2025

McKinsey
arc beats above · slides in the middle · loops below · scroll → 3 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 10
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Slide 1
Features an illustrative maze graphic.front_matter
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front_matter
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The slide uses a hand-drawn illustration of pointing fingers as a visual motif.summarize
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The slide is a text-heavy summary page from a 'State of Fashion 2025' report by BoF and McKinsey.summarize
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The illustration features a coin and flags (Japan, India, South Korea) over a globe, suggesting global competition.transition
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The chart tracks the top 5 risks over three years, showing shifts in priority (e.g., inflation dropping, consumer confidence rising).analyze_data
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The chart uses a broken axis for high growth values in 2021.analyze_data
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The slide uses a structured table format to contrast non-luxury GDP growth drivers against luxury-specific growth drivers for three key regions.summarize
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Data from BoF-McKinsey State of Fashion Executive Survey 2024 and 2025.analyze_data
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The slide compares 2024 and 2025 executive survey priorities, noting a decline in sustainability focus.summarize
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The slide is divided into two main categories: Global Economy and Consumer Shifts, with five distinct trends.summarize
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Part of a series of trends (06-10).summarize
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The chart uses a waterfall-style bar representation to show changes in two specific metrics across four major economies.analyze_data
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Includes projections for 2030E. Source: McKinsey Global Institute, World Trade Service.analyze_data
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The slide uses a three-column layout to present quantitative metrics followed by qualitative supporting evidence for each driver.summarize
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The slide uses a bar chart to show CPO survey results regarding sourcing hotspots, with accompanying text explaining the shift in manufacturing strategy.summarize
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The slide uses a stacked bar chart to compare FDI shares between 2015-2019 and 2020-2024 for US and Europe markets.analyze_data
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The slide uses a world map to visually anchor the nearshoring trends in two specific regions.establish_context
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summarize
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transition
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The slide uses two big-number metrics to highlight the economic deceleration.summarize
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The slide uses two stacked bar charts to illustrate market share shifts in non-luxury and luxury segments.analyze_data
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The chart displays sentiment as 'Promising', 'Same', or 'Unpromising' with a net intent score.analyze_data
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The slide uses a dual bar chart to contrast growth rates across four regions for two market segments.size_opportunity
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Includes a stacked bar chart showing brand launches and a table of sample brands.diagnose
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The chart shows a line graph of recovery rates from Q1 2023 to Q2 2024, with a callout highlighting the 2-3x recovery.quantify_impact
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The slide uses a bar chart to compare growth projections across four key markets: Japan, US, Europe, and China.analyze_data
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The slide uses a two-column layout to present strategic recommendations for the Asian market, citing specific examples from China, India, and Japan.recommend
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Features a quote from CEO Nandita Sinha and specific market penetration metrics.illustrate_case
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The slide is formatted as a Q&A interview transcript.summarize
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The slide features a photo of Jio World Mall in Mumbai and a multi-column text body describing consumer behavior and business strategy.illustrate_case
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The slide features a pull-quote on the left and a multi-paragraph interview transcript on the right.illustrate_case
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summarize
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Includes a screenshot of a Google Shopping search result as an illustrative example of the search experience.frame_problem
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Source: BoF-McKinsey State of Fashion 2025 Executive Surveysummarize
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The table uses a 'From-To' framework to illustrate the evolution of consumer search and discovery.compare_options
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The slide uses a three-column layout to present specific metrics and company descriptions for AI fashion search innovators.illustrate_case
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Features a screenshot of the Zalando fashion assistant interface.illustrate_case
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The chart uses bubble sizes to represent market value in USD billions for 2023, 2025E, and 2027E.quantify_impact
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The slide uses a three-column layout to present executive priorities.recommend
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The slide uses a high-impact visual metaphor to introduce a demographic segment.transition
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summarize
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The slide uses a three-column layout to present distinct arguments supported by metrics and qualitative context.summarize
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The slide uses stacked bar charts to illustrate the shift in age demographics over time.establish_context
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The chart is a waterfall-style visualization showing incremental spending growth by age cohort.quantify_impact
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The chart uses a dot plot to show percentage point differences across US, EU, and China markets.analyze_data
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The chart shows percentage point differences, highlighting that the Silver Generation prefers multi-brand physical stores and e-commerce over brand-specific chaanalyze_data
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The slide uses three distinct brand examples to illustrate a strategic thesis.illustrate_case
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The slide uses a three-column layout to present strategic recommendations.prioritize
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The slide features a portrait of Libby Wadle and a narrative summary of the company's turnaround post-bankruptcy.illustrate_case
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The slide is formatted as a Q&A interview transcript.summarize
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The slide features a large photograph of a model and two columns of text representing an interview or executive commentary.illustrate_case
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The slide features an interview format, likely with a brand executive (J.Crew context), discussing omnichannel strategy.illustrate_case
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summarize
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Includes data points on consumer confidence, spending intent, and trade-down behaviors.summarize
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Data from BoF-McKinsey State of Fashion 2025 Consumer Survey.analyze_data
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Includes quotes from TJX and Ross executives regarding value-based consumer behavior.illustrate_case
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Includes references to ThredUp, Vinted, Sandro, and Shein.summarize
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The slide uses a mix of consumer survey data and specific brand case studies to illustrate the market shift toward affordable alternatives.summarize
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The slide uses a three-column layout to present executive priorities.present_solution
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Features a photo of CEO Patrice Louvet and discusses the 'Ralph's World' brand concept.illustrate_case
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The slide is formatted as a long-form interview text with a pull-quote highlight.summarize
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The slide is formatted as a Q&A interview transcript.illustrate_case
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The slide is a Q&A interview format between BoF and a Ralph Lauren executive.illustrate_case
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transition
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summarize
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The slide uses a combination of market context and specific metrics to justify the need for better in-store service.summarize
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Uses a Kano-model-like 2x2 matrix to categorize store experience factors.diagnose
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The slide uses three big numbers as anchors for three distinct thematic columns regarding customer experience, employee turnover, and financial impact.summarize
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The slide uses a two-column layout to contrast staff training with technology implementation, followed by four specific company case studies.summarize
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The slide uses a case study approach to demonstrate how companies are evolving their incentive models.illustrate_case
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The slide uses a two-column layout to present two distinct strategic pillars, each followed by two specific company case studies.summarize
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The slide uses a bar chart to rank reasons for leaving, with indicators for year-on-year rank changes.summarize
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The slide uses a grid-like layout to present four strategic pillars for human capital management in retail.recommend
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Features a portrait of CEO Jennifer Wong and a narrative summary of the company's evolution.illustrate_case
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The slide is formatted as a Q&A interview transcript with a pull-quote highlight.illustrate_case
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The slide features a large photograph of an Aritzia store interior followed by a Q&A transcript.illustrate_case
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The slide is formatted as a Q&A interview with a large accompanying photograph.illustrate_case
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transition
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The slide contrasts the current economic struggles of online fashion marketplaces with a set of strategic executive priorities.summarize
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The slide uses a two-column layout to contrast internal economic distress with external market disruptions.diagnose
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The chart highlights the 'Covid-19 store closures' period as a catalyst for the initial surge and subsequent decline.analyze_data
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The chart shows a clear trend of value destruction in recent years (2022-2024E) compared to earlier years.diagnose
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Includes references to regulatory risks (de minimis) and social commerce impact (TikTok).analyze_data
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The chart shows growth of monthly active users for major online platforms in fashion in China, June 2020 – June 2024.analyze_data
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prioritize
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Features a photo of CEO Michael Kliger and a summary of the company's competitive positioning.illustrate_case
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The slide is formatted as a Q&A interview transcript.summarize
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The slide is a transcript-style narrative about luxury retail customer acquisition strategies.illustrate_case
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This slide is formatted as a multi-column Q&A interview transcript from 'The State of Fashion 2025' report by BoF and McKinsey.illustrate_case
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The slide uses a high-impact photograph to set the theme for a competitive analysis or market landscape section.transition
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summarize
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The chart highlights the crossover point where challengers overtake incumbents in economic profit share.quantify_impact
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The slide uses a 'playbook' framework to categorize strategic moves.summarize
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The chart shows consistent outperformance of sportswear over non-luxury fashion across all regions and years.analyze_data
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The chart indexes stock prices to Jan 4, 2024 = 100 to compare growth rates directly.analyze_data
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The chart uses a 2x2 matrix structure to categorize sports. The text provides context on brand diversification strategies (Alo Yoga, On, Lululemon) and innovatipresent_framework
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Part of 'The State of Fashion 2025' report by BoF and McKinsey.summarize
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The chart shows a trend of increasing DTC share for most brands, with some recent adjustments.analyze_data
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The slide uses a grid-based layout to present strategic pillars.recommend
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Features a portrait of Joe Preston and a summary of the brand's recent performance and future goals.illustrate_case
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The slide is formatted as a Q&A interview transcript.illustrate_case
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The slide is a Q&A format interview with a brand representative.illustrate_case
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The slide is an interview excerpt from a BoF and McKinsey & Company report.illustrate_case
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The chart illustrates the inverse relationship between temperature anomalies and seasonal demand, highlighting the difficulty of predicting inventory needs.frame_problem
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Includes specific industry data points for 2023-2024 and references to LVMH, Kering, Nike, and Lululemon.frame_problem
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The chart is a scatter plot showing the relationship between inventory turnover and EBIT margin for various fashion brands, with clusters highlighted.analyze_data
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The chart distinguishes between proactive (data-backed) and reactive tactics.summarize
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The diagram is a circular hub-and-spoke style process flow.present_solution
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The slide uses a three-column layout to present strategic initiatives under the heading 'EXECUTIVE PRIORITIES'.prioritize
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summarize
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The slide uses a three-column layout to present quantitative metrics followed by qualitative explanations for each barrier.frame_problem
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The chart is a scatter plot showing the gap between historical and required emission reductions for fashion brands.diagnose
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The chart illustrates the trade-off between abatement cost and potential, with specific examples of levers like energy efficiency and material innovation.quantify_impact
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The slide uses a combination of a problem statement/recommendation text block on the left and three case study callouts on the right.illustrate_case
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front_matter
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The slide highlights a shift in value creation from luxury to non-luxury segments and a narrowing performance gap between top and bottom players.summarize
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The chart combines a bar chart for index values and a bubble row for year-on-year percentage changes.summarize
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The chart uses a broken y-axis to display both the EV/EBITA ratio (bars) and the EBITA index (line).analyze_data
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The chart uses a stacked bar format to show the net contribution of two segments to the total industry EP index change.analyze_data
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The slide uses bar charts to show EP index trends for Luxury, Premium/bridge, Mid-market, and Value/discount segments.analyze_data
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Uses a custom range-dot chart to show historical ranges vs current performance.analyze_data
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The slide uses a split-circle diagram to contrast the two segments of luxury companies based on their EP development.analyze_data
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The chart shows EP change for top 20 companies in premium/bridge, mid-market, and value/discount segments.analyze_data
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The chart shows a 'W' shaped recovery pattern for the brands following the 2020 Covid-19 store closures.analyze_data
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The chart uses a stacked bar format to show the distribution of economic profit across quintiles, with a specific focus on the narrowing delta between the top 2analyze_data
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The chart uses a power curve visualization to demonstrate the concentration of economic profit.quantify_impact
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The chart uses a horizontal bar format to represent economic profit, with color coding for new entrants and luxury/affordable luxury players.analyze_data
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Features a portrait of Nikhil Thukral and a summary of L Catterton's investment philosophy.illustrate_case
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The slide contains a large pull-quote on the right side and three columns of text summarizing industry insights.summarize
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The slide features a large photograph of a person wearing On running shoes in a field, with text columns on the left.summarize
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The slide is a transcript of an interview, featuring a pull-quote as the primary visual element.summarize
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appendix
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This is a standard glossary page found in the appendix of a consulting report.summarize
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The slide contains a dense list of references categorized under 'Industry Outlook', 'Trade Reconfigured', and 'Asia's New Growth Engines'.appendix
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This is a dense bibliography/reference page from the State of Fashion 2025 report.other
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The slide is a dense list of references formatted as an appendix.other
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This is a standard bibliography/disclosure slide found at the end of a consulting report.appendix
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The slide contains two columns of numbered citations and a section for the McKinsey Global Fashion Index sources.appendix
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This is a standard corporate disclosure/contact page found at the end of a report.front_matter
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other
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