MANAGEMENT

Detailed explanation-1: -Obsolescence: The fifth stage of the fashion cycle when the style is rejected, is undesirable at any price, is no longer worn, and is no longer produced.

Detailed explanation-2: -Decline: The fourth stage of the fashion cycle when the market is saturated and popularity decreases. The fashion is overused and becomes dull and boring. As the fashion decreases in popularity, retailers mark down their prices. Promotions center around major clearance or closeout sales of the fashion.

Detailed explanation-3: -Decline: In the decline stage, the trend will have become oversaturated in the market. During this period of time, the trend’s intense popularity will begin to turn off consumers who want their outfits to feel fashion-forward and unique rather than mainstream.

Detailed explanation-4: -Obsolescence Stage– The end of the fashion cycle, the bottom of the hill. Consumers are no longer interested in fashion and finding new looks. While consumers may not purchase the fashion product at this point because of its low price, it may be a low-quality product.