Question

Share a source (e.g., news, expert opinions, academic articles and so and so forth) and discuss how it informs your understanding of the full-price apparel and fashion retail industry.

Answer 1

The source sharing about full-price apparel and fashion industry is

https://www.retaildive.com/news/apparel-is-out-of-fashion/561225/

From this source, it is understood that sales are decreasing the apparel and fashion industry segment. It mentioned that the profits are reduced 24% due to not faring properly for apparels by the departmental stores. For this decline, there is also another reason that consumer spending is reduced to 3.1% from 5.9%. Especially, the spending levels of girls and women are reduced on the apparels. The department stores sales are declining due to discounts and special offers made by the internet commerce sites like Amazon. In the present world, consumers are determining the fashion trends irrespective of gender and age. With increased concentration of the balance of work life, many people are turning from the thought of wearing traditional outfits. For example, very few employees are needed wardrobe in offices. But, it requires lot of investment to facilitate this thing. From this source, it is concluded that fashion is an emotional feeling and representation individual identity.