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Digital Migration and Survival of Fashion Industry Post New Normal

In: Market Dynamics and Strategies in a Post-Crisis World Navigating a World in Flux

Author

Listed:
  • Jahanvi
  • Meenakshi Sharma

Abstract

The COVID-19 pandemic has disrupted all domains worldwide. Abrupt economic closure, causing universal bankruptcy and a financial crunch as well as social isolation resulting in home confinement, has certainly imposed a major shift in behaviours. Consequently, the behaviour of consumers towards digital platforms during this pandemic is changing rapidly. Retailers and brands have come to grips with many challenges, for instance, related to the supply chain, health and safety, consumer demand, cash flow, marketing, and sales. However, fashion brands have been successfully navigating these challenges, although this will not assure a favourable future, let alone any future at all. Adopting digitalization in their business models is a move that most fashion brands have taken up. The consumers of the fashion industry have lost hope of restoring their wardrobes due to destroyed networks of supply chain and apprehensions about purchase apparel from retail stores. The objective of this research is to study the existing COVID-19 distress which has disturbed the fashion industry, the digital migration of the fashion industry after COVID-19, and the long-term strategies used by companies to compete in the sector post-COVID-19. This research is completely descriptive and based on secondary sources.

Suggested Citation

  • Jahanvi & Meenakshi Sharma, 2025. "Digital Migration and Survival of Fashion Industry Post New Normal," World Scientific Book Chapters, in: Vinita S Sahay & Chandan Parsad & Raveesh Krishnankutty & Aviral Kumar Tiwari (ed.), Market Dynamics and Strategies in a Post-Crisis World Navigating a World in Flux, chapter 9, pages 97-112, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811292101_0009
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    More about this item

    Keywords

    Marketing; Consumer Behaviour; Crisis Response; Post-Crisis Management; Flexibility; Agile; Leadership; Business; COVID-19;
    All these keywords.

    JEL classification:

    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising
    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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