This document outlines the five stages of the "fashion cycle" by which new styles are introduced, gain popularity, become saturated in the market, and are eventually considered outdated. The five stages are: 1) introduction by designers, 2) early adoption by fashion innovators, 3) gaining wider popularity and mass production, 4) saturation in the market with late adopters, 5) decline as the style becomes outdated and heavy discounts are used. The length of the cycle can vary significantly from weeks to years depending on if it is a short-lived fad, seasonal fashion, or a long-lasting classic style.