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When there’s a hot new color or pattern, maybe a twentysomething buys one new blouse to stay on trend and wears it to work and out at night. Before, she might have purchased two pieces, one for each setting. Fast-fashion companies and off-price retailers are putting pressure on prices. There’s been general deflation in the clothing industry. Apparel has become cheaper to make in recent years, especially as more production shifts to less expensive labor markets. Take a pair of men’s Levi’s 501 original-fit jeans. The price of this

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