All these explanations are rather complicated. I think the simplest explanation is the best: people don't have the free money to spend on clothing.
This is evidenced by the following facts: 1) Wages have been stagnant 2) Cost of living has been increasing well beyond the stated 2% rate of inflation.
This is evidenced by the following facts: 1) Wages have been stagnant 2) Cost of living has been increasing well beyond the stated 2% rate of inflation.