Marketing Director at MobiKwik, Ex PepsiCo | Indian School of Business I Guest Speaker & Mentor
Why do we see H&M everywhere🤷 Because today's fashion conscious consumer loves fast fashion, cost effectiveness and branded options! I recently conducted a poll to understand this better. 🔹Over 80% of the respondents opted for a t-shirt associated with a premium brand, indicating a higher preference for quality and perception over price. This points to a shift from a price-consciousness to a value-consciousness. 🔹Whether influenced by brand image, trust in quality, or the signaling value of a brand name, it suggests that individuals are now inclined to invest in superior brands. This further emphasises on the importance of initiating brand building early on. After all the market leaders often aren't the first to enter the market but are the first to establish an image in consumers' minds, creating a recall in long term. #brandbuilding #fastfashion #marketing
