IMHO there are three clear causes for this trend: 1) US business fashion is increasingly casual. Ties, skirts, suits, coordinated outfits, scarves, leather soled shoes -- all are passe, even in button down East Coast Fortune 100 companies (other than for aspiring managers or those in banking/finance). 2) Color is passe. Shades of black and grey dominate wardrobes, especially in large cities. Thus fewer accessories ar…
Also the internet, I can now even though it's freezing in NY, compare prices for a goosedown North face jacket from 5 different places and save $40 or so before I order one online. Competition drives price down. Clothing like so many other retail genres, is just apart of the retailpocolypse.