New York—Although the U.S. economy may seem like it is inching its way to recovery, U.S. shoppers are returning to buying brands and labels when they shop at a rapid clip.
In its study of consumers’ fashion buying decisions, Brand Keys consumer research found in 2008, only 8% of U.S. apparel and accessories consumers felt fashion brands and logos were of increasing importance when it came to differentiating their wardrobes.
But now 29%–more than tripling in importance over four years—say that brands make a difference in their shopping decisions. And when asked which brands they liked best, the top results were Ralph Lauren/Polo, followed by “one’s favorite sports team,” Armani, Nike, and Versace, Chanel, tied for fifth place.
“No matter the category, we see one trend growing–the increasing importance of fashion brands. While it’s true that consumers are not spending recklessly, that very reality is what drives them into the arms of true brands,” said Amy Shea, executive vice president of global brand development for Brand Keys, a brand and customer loyalty research consultancy.
Luxury and Leisure, Sharing Space
The more considered a purchase, the greater the role a strong brand plays in the decision making process, especially true in the very personal category of fashion, Shea said. These research findings are an incredibly accurate measure of this shift, particularly in regard to the brands people see as being more important when it comes time to buy.
“Brand Keys 2012 Fashion Brand Index findings also demonstrate more of a shared space between luxury and leisure apparel,” noted Shea. “Luxury brands like Versace and Chanel moved up to 5th place from an already respectable showing in the top 10, along with leisure brands like Nike (#4), J. Crew (#7) and Tommy Hilfiger (#11). Uniqlo made the list for the first time, in 12th place among male fashion consumers.
This is further indication of the importance brand plays at every level, not just in the luxury space. Clearly differentiated casual apparel brands are in the fashion palate of both men and women today, a trend we expect to continue as the youngest fashion buyers (21 to 34 year olds) showed the strongest lift in brand importance.”
“The rising importance of fashion brands generally, and these fashion brands specifically, indicates that value–or the perception of value-via-brand–is of much greater import to consumers, and ultimately, to the success of fashion brands,” noted Shea.
Competition Heats Up
In fact, brands play a crucial role in establishing value in consumers’ minds. “In the context of fashion brands, value isn’t just what consumers’ dollars buy, it’s how fashion fits consumers’ lifestyle, self-perception, and expectations,” Shea said. “This is especially true in a retail marketplace overflowing in excess of similar products, congruous distribution, and bargain basement pricing.”
This year’s bottom line? Real brand value and meaning will have more leverage than ever. “There are a lot of clothing labels competing out there, but–just like the automotive and consumer electronics categories–retailers are going to be seeing more culling of fashion brands by consumers,” predicted Shea.
The Brand Keys Fashion 15
For the total audience of 7,500 men and women, 21 to 65 years of age, who participated in the annual Brand Keys Fashion Brand Index survey, here are the Fashion 15–the top-15 fashion brands ranked on an unaided basis (percentages indicate unaided mentions. Percentages in parentheses represent 2011 numbers) were:
1. Ralph Lauren/Polo 39% (38%)
2. Favorite Sports Team 36% (39%)
3. Armani 34% (32%)
4. Nike 30% (NA)
5. Versace 27% (15%) Chanel 27% (16%)
6. Calvin Klein 26% (25%)
7. J. Crew 24% (21%) Levis 24% (17%)
8. Banana Republic 22% (18%)
9. Burberry 20% (18%)
10. Dior 19% (15%) YSL 19% (6%)
11. Tommy Hilfiger 18% (13%) Marc Jacobs 18% (8%)
12. Abercrombie & Fitch 17% (NA)
13. Brooks Brothers 16% (10%)
14. Tom Ford 15% (NA) Donna Karan 15% (13%)
15. Guess 12% (NA) Juicy Couture 12% (8%) Victoria’s Secret 12% (8%)
Women’s Fashion 15
1. Ralph Lauren 41% (41%)
2. Favorite Sports Team 38% (36%)
3. Chanel 36% (32%)
4. Armani 35% (34%)
5. Versace 33% (30%)
6. Dior 31% (30%)
7. J. Crew 29% (24%)
8. Dona Karan 25% (26%) Yves Saint Laurent 25% (11%)
9. Burberry 23% (21%) Calvin Klein 23% (21%)
10. Levi’s 22% (18%)
11. Banana Republic 21% (20%)
12. Guess 19% (16%) Juicy Couture 19% (16%) Victoria’s Secret 19% (16%)
13. Tory Burch 18% (10%) Kate Spade 18% (10%)
14. Tom Ford 16% (15%) Marc Jacobs 16% (15%)
15. La Perla 10% (10%)
Men’s Fashion 15
1. Favorite Sports Team 43% (42%)
2. Nike 38% (36%)
3. Ralph Lauren/Polo 36% (35%)
4. Armani 32% (30%)
5. Tommy Hilfiger 30% (27%)
6. Calvin Klein 29% (28%)
7. Abercrombie & Fitch 28% (11%)
8. Lacoste 21% (23%)
9. Brooks Bros. 23% (21%) Banana Republic 23% (16%)
10. J. Crew 19% (18%) Levi’s 19% (16%)
11. Burberry/ Tom Ford
12. Uniqlo 13% (first time on list)
13. Hugo Boss 12% (10%)
14. Gucci 10% (14%)
15. Guess 9% (12%)
About this Survey
Since 1996, Brand Keys has annually conducted a national Customer Loyalty Engagement Index survey of leading brands, currently assessing 79 product and service categories. The survey is conducted among 45,000 men and women, 18 to 65 years of age, with respondents drawn from the nine U.S. Census regions. The majority of interviews are conducted via telephone; 20% of the interviews are conducted via central location intercept so as not to exclude “cell phone-only” consumers.
Nearly 20% of respondents, 7,500 respondents (50:50 Men/Women, aged 21 to 65 years of age) also respond to questions about the value or importance they place on the fashion brands and of the clothing brands and logos they feel are important to them.
First, the respondents are asked to indicate the importance to them personally of fashion brands, compared to how important they were to them over recent years. The respondent choices are: Much more important; More important; About the same; Less important; or Much less important. Then, on an unaided basis, respondents are asked which brands were more important to them.
For commercial purposes, extract supplements can be obtained from the fruit of the pericarp. Garcinia cambogia reviews is performed by a physician Chen and Oz to prove that it is an herb for weight loss, a lot of research has been done. Studies, Garcinia cambogia extract supplementation decreases the weight of the body fat accumulation, was shown to have a positive effect on prevention. We are important substances such as cholesterol (LDL), reduces the serum leptin and triglycerides. In addition, it will increase the level of serotonin and cholesterol (HDL). The study also, Garcinia cambogia extract supplements, has proven that there are no significant adverse effects on many of the eight weeks, such as its use.