Furthermore, fashion trends being what they are, cheap trendy clothing doesn't make sense either, there are many factors but it's a calculus optimization yet again, how can you get the maximum longevity (including fashion relevance) with the minimum cost?
This hardly takes into account human psychology: let's not pretend humans don't communicate through clothing -- as a species we are able to assign meaning to anything including a plastic bag blowing in the wind. Many times the clothing we choose speaks for us and it's not always saying the most complimentary things
All these things considered, for a man at least, a rotation of 8 high quality suits and related sports jackets and accessories is still the best value even if society has strayed from these mores and those who get it get it, those who don't wear crocs everywhere