Luxury Fashion in China: Factors that Shape Brand Reputation and Consumer Perception
DOI:
https://doi.org/10.5281/Abstract
The luxury fashion market in China has experienced significant growth, driven by various factors that shape brand reputation and consumer perception. Cultural influences, including the rising importance of status and social signaling, play a critical role in how luxury brands are perceived. The increasing affluence of Chinese consumers has led to a greater appreciation for craftsmanship and exclusivity, elevating brands that embody these qualities. Additionally, digital transformation and the prevalence of social media have revolutionized brand engagement, enabling luxury fashion houses to connect with consumers in innovative ways. The impact of celebrity endorsements and influencer marketing further amplifies brand visibility, influencing consumer choices and perceptions. Moreover, sustainability concerns are becoming increasingly relevant, with consumers favoring brands that demonstrate a commitment to ethical practices. Collectively, these factors create a dynamic landscape where luxury fashion brands must navigate cultural nuances, technological advancements, and evolving consumer expectations to build and maintain a strong reputation in the competitive Chinese market.