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This 27-Year-Old Founder Is Transforming High-Fashion Into A Billion-Dollar Tech Industry The Bureau of Labor Statistics reports that the average American household spends roughly $1,700 on clothes each year. While global powerhouses like H&M, Zara and Forever 21 have mastered the fast fashion space, opening up a surplus of storefronts across several key international markets, the e-commerce and mobile retail landscape remains a rapidly evolving segment with immeasurable potential.
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