RB Insights The study, conducted with a representative sample of U.S. consumers spanning Gen Z, Y, and X, reveals that 49% of respondents are keen on buying purely digital fashion assets from luxury brands.
While the interest in digital assets from mass fashion brands is slightly lower, the trend signals a notable shift in consumer preferences. Interestingly, despite the evident interest, around 25% of those surveyed reported no interest digitally.
This indicates a certain level of skepticism or lack of engagement with virtual fashion among a population segment. Interest in purchasing digital fashion assets among Gen Pop in the U.S. Credit: © Statista 2024, Interest in purchasing digital fashion assets among Gen Pop in the U.S.
2021, Published Dec 2024 Luxury Brands Leading the Charge In the first quarter of 2024, the luxury goods market experienced a decline of 1% to 3%, prompting brands to reconsider their value propositions and strategies. As reported by Bain, luxury brands must rethink their approaches to foster growth in a stagnant market…