In the News (Bloomberg): “The Death of Clothing”

“The apparel industry has a big problem. At a time when the economy is growing, unemployment is low, wages are rebounding and consumers are eager to buy, Americans are spending less and less on clothing.

“The woes of retailers are often blamed on Amazon.com Inc. and its vise grip on e-commerce shoppers. Consumers glued to their phones would rather browse online instead of venturing out to their local malls, and that’s crushed sales and hastened the bankruptcies of brick-and-mortar stalwarts from American Apparel to Wet Seal. …

“Apparel has simply lost its appeal. And there doesn’t seem to be a savior in sight. As a result, more and more apparel companies—from big-name department stores to trendy online startups—are folding.”

My Comment: The point here is not at all in fashion and not in the fact that there is a large amount of affordable goods. It is just because our egoism, our desires, outgrew clothes. Today you are not judged by your appearance. People are looking for something internal, something more elevated. The superficial things are gradually receding and these changes come from within.

Over time, only the good, correct attitude of a person to others will be appreciated, when he understands that he exists in a uniform society where all people are united and equal for the attainment of the next degree of our development.
[224822]
From KabTV’s “News with Michael Laitman” 3/13/18

Related Material:
Black Friday, Part 1
“Naked Restaurants”
Money Cannot Buy Happiness

Filed under: Crisis, Egoism, Globalization | Add Comment →