The document discusses several trends in the future of fashion retail including: 1. The largest growth in the fashion market is occurring in Brazil, Russia, India, and China rather than the US. Shoppers are spending more at high and low price points and less at mid-tier prices. 2. Fast growing retailers have vertical brand strategies that control the entire supply chain allowing them to quickly create new products. Contemporary brands like teen fashion and premium denim are seeing explosive growth. 3. Technology is changing the shopping experience with 3D product imaging, virtual dressing rooms, and interactive "magic mirrors" that could allow customers to feel fabrics virtually. Social shopping apps and websites that foster interaction between users are also emerging