Fashion Cycle is the Life Cycle of a particular Fashion.
Its various stages are as follow:
Introduction Stage: This is the stage when a particular fashion or style gets introduced to the people.
Rise Stage: Fashions that have potential rise post their introduction, in the second stage, that is the Rise Stage. This stage is marked by a good demand for the Fashion product.
Peak Stage: There comes a time after the Rise Stage when the rising Fashion is at the peak of its popularity and following. This is the Peak Stage of the Fashion.
Decline Stage: There comes a time when the demand for a certain Fashion in the market starts declining. People tire of the same Fashion flooding the market, and they are no longer interested in paying a high price for the same. Fashion retailers therefore mark down the price of merchandise.
Obsolescence Stage: This Stage comes when consumers are no longer interested in the same Fashion, and start looking for new looks. Even low prices cannot attract consumers anymore.
The matter of Fashion is an interesting subject that can turn out to be a lucrative career, if pursued well and with the right guidance.