I made dd a flared skirt 6 months ago. It was a perfect fit then. She just now tried it on and it was loose on her - the waistband hung on her hips. We were both surprised!
She's growing taller, eating well, active, lean but not skinny, and developing her womanly shape. Barely any bust, but has a definite waist.
I assumed that her hips were probably growing faster, creating her waist, but can it be that her waist is actually shrinking as well?