5 Consumer Trends Influence Fashion Brands in The Near Future
Over the past few years, consumer shopping habits have changed significantly and the world of fashion is at their fingertips.
Consumer trends affect every industry, but perhaps none more so than fashion. Public opinion drives purchasing decisions, and fashion brands that can adapt most effectively to the changing environment will be best positioned to maintain a competitive advantage.
This article looks at the key consumer trends that will impact fashion brands in the near future.
Digital customer experiences
Consumers are looking for new and interactive digital experiences with fashion brands that are driving new trends and creating new growth opportunities for fashion companies to explore.
When fully leveraged, digital customer experience has the potential to not only deliver an exceptional shopping experience but also significantly increase sales and help retailers achieve their business goals.
This innovative experience overcomes physical barriers and bridges distance, creating a connection that is both familiar and uniquely different.
Social media impact
Social media platforms have become an indispensable part of our daily lives. They are powerful tools for communication, entertainment, and information sharing.
All the new-age fashion brands are increasingly relying on social media and are present on most major platforms like Facebook, Instagram, TikTok, etc.
Social media helps them showcase their services, build branding and recall, expand their consumer base, and maintain engagement with existing customers. Consumers often share their latest purchases and deepest desires in real-time on their social networks, which provides social proof for brands.
In the modern digital landscape, brands are thinking about how they connect and meet consumers outside of traditional marketing channels.
The rise of social media platforms has given rise to a new phenomenon called influencer culture. Influencers, being closer to consumers than traditional celebrities, effectively promote a lifestyle that is a natural fit for fashion brands.
This trend involves fashion brands partnering with targeted influencers, thereby shaping consumer behavior and influencing purchasing decisions.
Our digital environment is starting to evolve from a linear 2D space to a multidimensional 3D world. As young consumers spend more time exploring these emerging online spaces, the metaverse is expected to grow exponentially in the coming years.
These NFT-oriented items are unique and cannot be copied and grant exclusive ownership to those who actually own them.
Fashion brands can capitalize on this trend by hosting special events, offering exclusive perks, and launching product lines and merchandise available only to NFT holders.
Diversity, inclusivity, and gender-fluid
The advent of social media and the digital age has played a vital role in empowering brands and motivating them to adapt to the changing times.
With most Gen Z consumers having purchased a fashion product in a category that does not align with their gender identity, brands will need to rethink product design, marketing, and experience customers, while focusing less on specific categories to provide more gender flexibility.