The Western dress code has changed over the past 500+ years.
The mechanization of the textile industry made many varieties of cloth widely available at affordable prices.
Styles have changed, and the availability of synthetic has changed the definition of "stylish".
In the latter half of the 20th century, blue jeans became very popular, and are now worn to events that normally demand formal attire.
Active wear has also become a large and growing market.
The licensing of designer names was pioneered by designers like Pierre Cardin in the 1960s and has been a common practice within the fashion industry from about the 1970s.
Executives from Home Depot echoed those sentiments during the call on Tuesday.
“What our research tells us is that basically this is a delayed cycle, that the Millennial generation has many of the same desires that generations prior to them have,” said chief executive Craig Menear.
Carol Tomé, the company’s chief financial officer, noted that the average age of homebuyers was 33, older than previous generations.
 

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