Unlocking the Secret: How Fashion Brands Communicate Value to Shoppers
The Business Of Fashion1 week ago
800

Unlocking the Secret: How Fashion Brands Communicate Value to Shoppers

Marketing Strategy
fashion
retail
consumerinsights
marketingstrategy
branding
Share this content:

Summary:

  • 40 percent of shoppers are spending less on fashion in 2024.

  • Luxury brands must justify high prices amid competitive pressures.

  • Retailers must prove value beyond just the cheapest option.

  • Brands that communicate their value can gain market share.

  • Effective strategies include clear positioning and quality emphasis.

The Internal Negotiation of Shoppers

Before each purchase, an internal negotiation takes place in every shopper’s head: How much do I really want this, and is it worth the cost? It’s only gotten harder to persuade consumers to answer “yes.”

Declining Fashion Spending

Desire to spend on fashion is dwindling. In 2024, over 40 percent of shoppers in the US, UK, and Germany indicated they were spending less on clothing, footwear, and accessories compared to the previous year, according to The State of Fashion 2025 by The Business of Fashion and McKinsey. The primary risk fashion executives face is consumers’ appetite to spend, as competition for share of wallet heats up.

Challenges Across the Market

This concern spans every level of the industry. Luxury brands now need to justify their high prices while contending with emerging brands that undercut them. Conversely, lower-tier brands must work harder to stand out amidst a plethora of cheap and convenient options, ensuring customers that they’re not sacrificing quality.

Proving Value to Shoppers

Today, fashion businesses must prove to shoppers that they offer value — that what shoppers are receiving for their money exceeds what they are giving up. This is not merely about providing the cheapest option; consumers are willing to spend on what they perceive as the right product.

Retailers' Accountability

Neil Saunders, managing director of GlobalData Retail, notes, “A lot of retailers who have performed badly have pegged their performance on excuses... The honest truth is they’re spending. They’re just not spending with you because you haven’t added value.”

Opportunities in Challenges

While this situation presents challenges, it also offers opportunities. Brands that can effectively communicate their value stand to gain market share and earn customer loyalty.

Strategies for Communicating Value

The journey starts with a clear market position, selling a differentiated product that cultivates desire, and conceiving marketing that emphasizes quality and distinctiveness. The sales experience must reward the time shoppers spend with the brand, culminating in a product that aligns with the brand’s promise.

Case Study Insights

This case study draws insights from brands like Uniqlo, luxury upstarts Stòffa and Savette, and others on how to showcase value across every touchpoint — from product design to imagery and store experience. Strategies will vary based on market positioning, but the ultimate goal remains the same: to convince consumers their products are worth buying — and at full price.

Comments

0

Join Our Community

Create an account to share your thoughts, engage with others, and be part of our growing community.

Newsletter

Subscribe our newsletter to receive our daily digested news

Join our newsletter and get the latest updates delivered straight to your inbox.

MarketingRemoteJobs.app logo

MarketingRemoteJobs.app

Get MarketingRemoteJobs.app on your phone!