I will say that the baggy, "too short" pants are a definite improvement over the recent trend of "meggings" - (man leggings)Too tight AND too short.
For decades fashion drove sales within the RTW industry. After 2-3 years, fashion trends would rotate in and out never to be seen again in modern times. As late as the 80's, new trends would trickle in causing virtually everyone to completely replace their wardrobes every 5 years or so, while maintaining only a few basic pieces. By the 90's, it had all been done. Nothing was new. The oversized, over padded styles of the 80's had been paired down to silhouettes that were more classic even though they may have contained minute distinctions. The only thing about that decade that truly stands out to me was the feminine flowy styles of womens' clothing worn with clunky, clodhopper shoes more appropriate for a horse than a woman. An entire generation of young women came of age incapable of walking in heels. Men could only distinguish themselves with the color of their shirts and the print of their ties. The "need" to wear recognizable designers or manufacturers began to wain as brands such as Cole Haan moved their factories from Italy to Brasil.Another 10 years later and those factories are in China.....along with virtually all other aspects of the RTW industry.
While the area I live in is by no means a fashion Mecca, with a major University and a higher than normal disposible income (our housing, food and utilities are cheap compared to other parts of the country, 35 years ago students and young professionals sported all of the latest trends. My BIL, whose current position can be referred to as the great lord god of engineering for the Eastern U.S., was wearing red parachute pants (remember those?!?) the night he met my sister. Their children, an architect and a freshman engineering student with massive social skills and popularity, have never followed fashion trends. My niece, the architect, thinks nothing of shopping second hand thrift stores for clothing- preferring to have money for her next trip to Japan, Iceland, Ireland, Italy, Hong Kong, etc. I try to impress upon her the value of a decent suit and a pair of heels on her tiny 5'1" frame, and she doesn't care. Instead, an above the knee red, flippy skirt thrown on haphazardly over green tights in order to attend a major industry event in the very large metropolitan city in which she lives, resulted in virtually everyone in her industry knowing she was the new intern at her firm that won the most coveted door prize, desired by all attendees- a custom built ergonomic desk chair - and she is remembered as "The Elf". If she had worn the finest of bespoke suits - no one would know who she is.
My nephew wants and is getting a brand new, fully furnished one bedroom apartment all to himself next year. He and his friends come from families that comprise the top 5% of earners in this country - when they aren't living in Great Britain and Australia, etc. Over the last 15 years, I have never seen any of their friends show up to anything in a fashion forward garment. Clothing has little importance. Their knowledge of quality in clothing is strictly limited to whether or not something shrank or faded in the wash. I can't remember ever seeing a pressed garment, not once - not ever. And these are good, very popular kids. (My nephew's current roomate - valedictorian of their STEM academy, keeps the door to their room revolving as he buys his condoms by the gross - {there truly are some things I would prefer not to know - but neither my sister nor I can understand that revelation - perhaps the TV show "Big Bang Theory" has actually elevated geeks to a new level of desired sexuality.}) I can only assure you clothing has NOTHING to do with it.
And neither my nephew nor his friends would be caught dead in a pair of meggings and I would be shocked if a pair of the baggy- high-waters shows up. Perhaps the friend returning from England - I'll let you know if that happens.
All of the attempts at "something different" in the fashion industry really do not seem to be having a noticable mainstream effect. I truly believe a return to quality will be the next "big thing". I can see an appreciation for finer things coming to the surface amongst my nephew's peer group. What their living quarters look like matters. Vehicles - not so much at this point. I expect that to change after graduation. Then clothes. So an uptick in quality clothing within 5-6 years.
Afterall, the miserable mountains of polyester goopy clothing will have completely run their cycle by then. Even those with absolutely no fashion sense and no appreciation of quality are realizing they are purchasing clothing that is meant to be disposed of with the change of each season. Those educated enough to value the concept of green living will begin to see the waste hanging in their closets.
Other than 3-D printed clothing, what else is there to rejuvenate the fashion industry other than quality?