Subscription Fashion Services, the New Monster to Kill Retail

Business bloggers are always looking for a new monster to call out for sneaking around in the shadows and looking to kill old school business. This article on business insider points the finger at the new wave of subscription fashion services as the boogie man that will take a bite out of big retail.

The article also argues that kids these days are "addicted to promotions" that are available through loyalty programs, points cards and other avenues. This one takes the cake for me thoough:

A recent report by Morgan Stanley shows that millennials are spending more on expenses like rent, cellphones, and personal services than young people a decade ago. This leaves less money for buying clothes.

While this is true, I think that it points the blame at the real issue facing North Americans and is disposable income. Are the kids addicted to promotions and cheap subscription clothing services, or victims of inflation and the high cost of modern life?