I don't think the amount of churn in a particular business space is necessarily indicative of the transient nature of the business. There will always be new businesses starting and those that cease operations for various reasons. Its the nature of capitalism and free enterprise. I think the churn is more indicative of the nature of the business model and the people, i.e., many of the businesses that come and go are essentially hobby businesses. No disrespect intended and many of them produce truly excellent products but, at least initially they are maintaining their day jobs and running their shaving business as a sideline. Most also have families with children, sometimes young children. Thats a lot of plates to keep spinning and thats why you will see apparently successful businesses inexplicably shut down. The most recent example is Badger Shaving Co. - between job, family and hobby business something had to give. I assume an economic analysis was done and decisions made. Nothing to do with fad, more likely its just economics. Too many small businesses all competing for the same market with perfect price transparency provided by the internet. Either somebody starts undercutting on price or there is the free delivery but if everybody does it then you still end up with too many mice fighting for the same crumbs. Having a brick and mortar retail outlet doesn't guarantee you even a local market. Customers will come in to your shop that the vendor pays rent for and speak to a staff member who is either the owner or a paid employee (in either case there is a cost) and look at a product then pull out his infernal device to learn that he can get the same product for $1 cheaper plus free shipping from wherever and walks out. I'm not saying everyone will do that but more than you think will.
Consolidation is one option available to vendors but not so much to artisans whose product is their brand. Small players combine to become bigger players and achieve greater economies of scale. Artisans resort to various strategies to distinguish themselves and compete because lets face it, at the top tier there is pretty much parity as far as quality and performance are concerned. So there are seasonal releases and limited editions using social media all to generate brand buzz. There are also the personal factors, scent, style, image and so forth. Those that are better at it will win and those that aren't either disappear or continue with their hobby business model because they're doing it because they enjoy it and it truly is a hobby for them. Thats not business failure but rather life success.
I think the bread maker analogy is not the best one to use I mean you're comparing shaving to bread. I can get excellent bread more conveniently at a shop. You can't say that about a shave. Sure I can go to one of these barbers who do straight razor shaves, but every day? No, traditional wet shaving is just better in every way. The real barrier to it exploding is the learning curve. We're fighting man's inherent laziness and thats a tough battle. The fact that most men today are still clean shaven is a glimmer of hope however
For what its worth, we still have and use our bread maker, not daily but enough. We mostly used it on the dough cycle to make pizza dough for friday night pizza night when the kids were younger. Good times. I don't think you can blame the decline of bread maker use entirely on the passing of a fad either but rather the Atkins low carb diet "revolution" and the latest gluten free madness. People just aren't eating bread (carbs) the way they used to. Almost every neighbourhood used to have an independent bakery. Not any more. Too bad in my opinion.
Is traditional wet shaving a fad? Its complicated. I'd like to say no, however, I think its best to just wait and see - time will tell. It always does.
Marko