Faster Fashion
With the rise of fast food, fast consumption rates, and fast fashion, the current generation of consumers is pulling for producers to supply products at a fast pace to keep up with the demand. This demand has spawned a branch in the world of fashion that has completely left stores like GAP and Forever 21 (RIP) in the dust. According to new research, the industry has grown nearly 30% over the last five years. When compared to the luxury market, it becomes quite clear that fast fashion retailers are dealing with a large number of consumers with high expectations.
For those who don’t know, fast fashion essentially means having a constant supply of clothes instead of seasonal launches of collections. Consumers can easily get their hands on the latest trends, without having to wait months for a new collection. Here’s why fast fashion has taken over this year.