The U.S. fashion industry is facing challenges in maintaining quality standards due to competition from overseas rivals and supply-chain disruptions. Consumers are being offered lower-quality garments at cheaper prices, leading to a decline in overall fabric quality. Despite rising costs, retailers are focused on offering affordable options to consumers. The shift towards fast fashion brands has impacted domestic fashion retailers, who are resorting to promotions and cost-cutting measures to stay competitive.
Key Points
Competition from overseas rivals
Supply-chain disruptions
Focus on affordability over quality
Pros
Consumers are offered lower-priced clothing options