Author: Zhai Yun Tan | Published on: April 10, 2016
When it comes to clothes these days, maybe you should ask: What’s your waste size?
You know you have those clothes sitting in your closet: That shirt you spent less than $10 on because it looked cool for a second, or that skirt you only wore once before it went out of fashion.
Fashion cycles are moving faster than ever. A Quartz article in December revealed how fashion brands like Zara, Gap and Adidas are churning out new styles more frequently, a trend dubbed “fast fashion” by many in the industry. The clothes that are mass-produced also become more affordable, thus attracting consumers to buy more.
“It used to be four seasons in a year; now it may be up to 11 or 15 or more,” says Tasha Lewis, a professor at Cornell University’s Department of Fiber Science and Apparel Design.
The top fast fashion retailers grew 9.7 percent per year over the last five years, topping the 6.8 percent of growth of traditional apparel companies, according to financial holding company CIT.