INSIGHTS & ANALYSIS
/ Boards say they can. The results say otherwise.
Anyone can successfully manage the status quo. It’s when headwinds hit that leadership’s experience (or lack of it) becomes apparent. From the unexpected blow brought by the pandemic to post-pandemic era inflation, ongoing logistics challenges, a very unsteady geopolitical scene and heightened brand competition, brands require seasoned leaders with hands-on experience in apparel or footwear.
While fresh perspectives can sometimes drive innovation, lack of sector-specific knowledge and cultural fit often hampers performance and can result in significant financial and reputational damage.
Managing an apparel brand is uniquely challenging due to a convergence of factors that span rapid market shifts, operational complexity, and the evolving expectations of consumers.
Executives from outside the industry often apply standard corporate strategies without adapting to the unique demands of fashion and apparel, such as seasonality, trend cycles, and the importance of brand storytelling.
“Brand managers must not only communicate effectively but also manage the evolving meaning of their brand as consumers actively shape and reinterpret it in real time”, according to MIT Sloan Management.
To continue reading, please login
Insights & Analysis