1. Introduction
Why do certain brands briefly shine only to fade quickly? Why do domestic brands, even when priced lower than their international counterparts, struggle to gain acclaim? Why do sales plummet once advertising campaigns halt? How is it that a single quality issue can decimate a brand, while industry giants like Nestlé and Toshiba withstand numerous quality setbacks with minimal repercussions? At the heart of these quandaries is the observation that many Chinese enterprises possess a limited grasp of brand management, often lacking depth and breadth in their understanding. With China’s induction into the World Trade Organization, its assimilation into the global market is expedited, ushering in heightened competition. As the consumer landscape shifts, the diversity of consumer demands surges, positioning a company’s brand as an essential cornerstone for market stability. Confronted with fierce market rivalry and the formidable presence of renowned international brands, domestic enterprises must introspectively evaluate their marketing tactics. Historical trends indicate that in such a macroeconomic setting, cultivating a robust brand emerges as the linchpin for sustaining a competitive edge [1]. But, what constitutes a quality brand? This paper believes that the foundation of corporate success resides in embracing the right sales ethos and executing multifaceted, empirically-backed brand strategies. This exploration primarily delves into bolstering brand marketing prowess and enhancing brand management effectiveness [4]. An in-depth foray into brand management techniques empowers businesses to underscore brand management’s significance, offering a roadmap for firms to craft potent marketing blueprints, thereby magnifying their competitive advantage and setting the stage for global brand expansion.
2. Challenges in Modern Brand Management
Key challenges confronting contemporary brand management include: (1) Vague Brand Positioning: Initial product launches frequently suffer from indistinct brand positioning, resulting in diminished market resonance and an absence of strategic positioning support. (2) Limited Market Share: “Perfect Diary”, as a case in point, fails to showcase distinctive advantages or innovation relative to competitors, curbing its market dominance. (3) Underdeveloped Brand Imagery: Brands such as Metersbon we no longer align with evolving market demands or consumer aesthetics. Their inability to manifest uniqueness has caused a decline in brand clarity and resonance. (4) Sub-optimal Channel Strategy: Certain brands fall short in channel development, missing comprehensive market coverage. Additionally, channel management deficiencies exacerbate market share losses [2]. (5) Stagnant Social Marketing Innovations: Some brands adopt a reactive stance in social marketing, lacking novelty and falling short in consumer engagement, which impedes brand visibility enhancement.
3. Trajectory of Chinese Fashion Brands in Today’s Marketplace
Amid the receding presence of international fashion entities in China, indigenous brands have been gaining increased consumer affinity. The rising financial clout of Chinese consumers has bolstered the prominence of native brands. Enhanced by a robust domestic supply chain, recent years have witnessed a pronounced online footprint of both local fashion brands and influencer-affiliated labels. Noteworthy trends encompass.
3.1. Continual Expansion of Industry Scale
The Chinese fashion domain has undergone rapid evolution in recent times, marked by an expanding consumer demographic. The advent of innovative retail paradigms has amplified the sector’s growth prospects, luring an expansive consumer base. Concurrently, a diverse array of technologically sophisticated, tailored products with unique attributes has surfaced, piquing consumer interest. The ascent of numerous indigenous brands, championing the “national trend” or “Guo Chao”, underscores a progressive and expansive fashion milieu. The rise of “new national tide” makes Chinese culture become the focus of global attention, and more and more consumers begin to spontaneously pursue products with Chinese characteristics and local cultural heritage, and have higher expectations and requirements for brands.
3.2. Evolving Consumer Demographics and Preferences
China has witnessed a notable surge in its consumer purchasing prowess. The urban middle-class demographic, which stood at 44% in 2018, saw an impressive rise to 55% by 2022. Simultaneously, there’s an escalating propensity among consumers to invest in fashionable, high-quality products with superior aesthetic appeal. For instance, when examining the retail dynamics within the footwear and clothing sector, 2018 statistics revealed mid-tier and luxury products commanding market shares of 8.4% and 8.0%, respectively. Fast forward to 2022, these figures climbed to 10.0% and 11.8%. Such data accentuates the modern consumer’s elevated appreciation for fashion brands. Furthermore, fashion branding efforts are increasingly pivoting toward the urban middle and working classes.
3.3. Millennials and Gen Z: Pioneers of Contemporary Consumption Patterns
By 2022, Millennials and Gen Z in China constituted a formidable 570 million, solidifying their position as principal consumer powerhouses. Characteristically avant-garde in their purchasing behavior, this cohort showcases a distinct fashion cognizance and a profound comprehension of evolving trends. For instance, a discernible tilt toward casual and minimalist footwear and apparel prevails. Industry trends denote that the sartorial inclinations of Millennials and Gen Z exert a ripple effect on other generational consumption choices, thereby amplifying China’s fashion market. Addressing these dynamics, businesses need to perpetually innovate, remain attuned to fashion zeitgeist, refine brand marketing maneuvers, bolster customer engagement acumen, and cultivate a nuanced grasp of customer predilections – all pivotal for sustaining a competitive vantage.
3.4. Proliferation of Retail Outlets
Fashion brands are fervently embracing an Online to Offline (O2O) multi-channel marketing paradigm, synthesizing online and physical retailing tactics. With e-commerce carving an indispensable niche and its trajectory ascending, online retail corridors for fashion brands are burgeoning. In tandem, physical store footprints are also expanding, transcending restrictive sales channels and ensuring product accessibility across urban sprawls and provinces.
3.5. Recession of International Retail Titans
Amid China’s economic crescendo, global brands rapidly staked their claims. 2002 heralded this epoch, with Uniqlo inaugurating its Shanghai flagship outlet. The subsequent decade saw an inundation of overseas fashion brands vying for Chinese market supremacy. Yet, in recent years, the momentum of these international brands has decelerated, beleaguered by e-commerce proliferation and evolving consumer preferences. The biennium of 2018-2019 epitomized this shift. Come 2020, economic vicissitudes catalyzed the retreat of several global fashion mainstays. Emblematic of this trend, Old Navy bowed out of mainland China in March. Similarly, Esprit, in its failed quest to rival ZARA, shuttered its outlets by May’s end, signaling its comprehensive exit. Such market vacuums proffered indigenous brands a window to expand and capitalize on newfound developmental avenues.
3.6. Future Direction of the Fashion Industry
3.6.1. Emergence of Holiday-Centric Consumption
The escalating income of urban dwellers has spurred a surge in expenditures spanning home decor, leisurely pursuits, and holiday-centric consumption. Fashion brands, tapping into this upswing, are poised to craft innovative, niche, and tailored thematic initiatives. This strategy, aligned with emergent consumption patterns, is pivotal for bolstering customer allegiance.
3.6.2. Accentuating Brand Culture and Identity
A discernible shift in consumer sentiment is evident; brand resonance now trumps mere quality considerations. This underscores the imperative for brands to weave a distinct cultural tapestry, harnessing avenues of cultural dialogue and interchange, positioning this as a cardinal vector for future brand evolution.
3.6.3. Redefining Social Media Engagement Paradigms
The omnipresence of social media has impelled fashion brands to harness these platforms, amplifying their brand footprint. By aligning with influential bloggers and fashion cognoscenti, and assimilating seamlessly with novel media channels, some brands have even metamorphosed these platforms into primary marketing conduits. The objective is lucid: craft a fresh, resonant communication ethos on social media, mirroring the fluidity of the fashion zeitgeist. The shaping of a fashion brand, as well as the development of fashion marketing activities, only rely on advertising and other traditional means is far from enough, because advertising marketing is difficult to take into account the product and terminal details of the publicity, can not carry out intensive cultivation. Fine marketing, but also play not to export the power of tablet marketing.
In retrospect, the Chinese fashion domain is in the throes of dynamic growth. Noteworthy expansion of industry scale, a burgeoning consumer cohort, and an ever-widening retail outreach underscore this narrative. The nexus between online and offline realms, orchestrated via an O2O strategy, forms the industry’s backbone. Employing culture as a lever, brands are recalibrating their social media dialogues, and holiday-centric consumption is forecasted to sculpt new industry contours. With fashion sensibilities in perpetual flux, and brand cognizance among consumers soaring, it behooves enterprises to ratchet up brand promotional vigor, seeking unrelenting brand salience and market supremacy. Concurrently, a recalibration of channel strategies, ensuring a judicious channel matrix, becomes paramount. Brands must also finetune their supply chain mechanisms, extending their e-commerce outreach, thus ensuring their brand ethos is ubiquitously echoed. The ultimate litmus test: engendering unwavering brand loyalty, the bedrock of sustained profitability.
4. Strategies for Optimization
4.1. Elevating Consumer Purchase Intent
In the rapidly evolving market landscape, fashion brands must be attuned to their target audience’s consumption aspirations. Brands must advocate fashion evolution, dynamically displaying the tangible benefits of their offerings. Innovations in brand marketing are imperative, with an emphasis on elevating the consumer journey and engendering brand allegiance. In the marketing lifecycle, it is paramount to immerse in the cultural nuances of products, align with latent consumer inclinations, and deploy captivating visual cues, such as stark color juxtapositions, all geared towards invigorating consumer purchase fervor.
4.2. Aligning Marketing Endeavors with Core Brand Values
For brand management initiatives to resonate, the brand’s intrinsic value serves as the linchpin. Brands must perpetually rejuvenate this core essence to resonate with market dynamics and chart sustainable growth trajectories. Brand is the core meaning of modern enterprise [3]. In fact, the brand is an abstract concept, there is no actual objective existence. It is a collection of ideas that exist in the minds of consumers.Building a brand is a process of constantly catering to the real market and society with the brand concept, and finding a suitable road for brand development will be a powerful weapon to stand out from the ocean of brand war.Stakeholders must predicate their strategies on the brand’s ethos, be cognizant of myriad influencing factors, and endeavor to elevate the brand’s intrinsic worth. By staying in sync with economic trends and gauging consumer intent, brands can discern diverse consumer segments and tailor their offerings. Holistic market assessments can further finetune marketing campaigns, infusing the brand with profound resonance. It’s crucial to predicate brand recalibrations on consumer proclivities, assimilate market insights, and recalibrate product price points. Selective geographic pilots, predicated on market nuances, can yield rich insights into consumer reception, fortifying brand positioning.
4.3. Emphasizing Behavioral Consumer Analytics
The linchpin of enduring brand growth is an intimate understanding of its consumer base. By harnessing insights into consumer psychographics, brands can tailor their flagship offerings, incessantly refining them to mirror consumer aspirations [4]. It is pivotal to underscore brand value propositions, converging premium quality with a utilitarian appeal, ensuring brand endorsement and spurring consumer expenditure. During tactical marketing endeavors, meticulous dissection of consumer predilections and product affinities is a must. These insights can steer in-store presentations and product assortments. A heightened emphasis on the experiential facets of brand engagement is vital. By recognizing consumer heterogeneity, brands can craft bespoke promotional campaigns, ensuring their messaging resonates profoundly [5]. This, in turn, crystallizes product value perceptions, igniting purchase intent and amplifying marketing efficacy.
4.4. Refined Terminal Marketing Strategies
Sole reliance on traditional advertising is insufficient for enhancing brand reach in today’s evolving socio-economic environment. As consumer preferences become more individualistic, it’s pivotal for marketers to adapt by refining end-user services that echo these nuances. Brands should integrate responsive fashion marketing sections within their official channels to garner real-time feedback [6]. Using platforms like Douyin (TikTok) can extend reach, while strategies such as rewarding brand-video sharing can bolster user loyalty and allure potential consumers, thereby amplifying brand stature [7].
4.5. Multi-Faceted Multimedia Marketing
Given the technological strides in the digital realm, brands must transition from one-dimensional promotional tactics to dynamic multimedia methodologies. This shift offers a dual advantage: it intrigues customers with immersive brand narratives and facilitates seamless access to current product offerings [8]. By harnessing the potential of evolving media landscapes, brands can foster more intimate relationships with consumers, ensuring not only precise service delivery but also augmented customer loyalty, culminating in heightened brand resonance [9].
4.6. Capitalizing on Fashion Media Platforms
Consumers consistently engage with fashion content, notably via televised programs. While not explicitly fashion-centric, several popular shows are perceived through a fashion lens by audiences. Brands can strategically associate with these programs to inspire a fashion narrative, enhancing their visibility manifold. Fashion, being an evergreen domain, demands brands to harness premier promotional avenues to stay contemporary [10]. Collaborations with fashion communication mediums, such as securing sponsored segments within high-profile shows, can yield more potent brand recognition than conventional advertising methods.
5. Conclusion
In an era marked by a thriving market economy, the role of brand marketing and management has never been more pivotal in steering enterprises towards successful trajectories. It is imperative for businesses, especially within domestic realms, to prioritize robust brand management, attune to the market’s pulse, leverage inherent brand virtues, and cultivate an enlightened operational ethos. The objective remains clear: to delineate a brand’s positioning sharply and sculpt an unparalleled brand persona of premium caliber.
It’s incumbent upon marketing professionals to possess a holistic grasp of consumer inclinations, anchoring brand realities as their strategizing fulcrum. Instituting a methodical brand management framework, cherry-picking efficacious fashion marketing techniques, championing meticulous terminal marketing, and proactively troubleshooting managerial challenges are all crucial. Such adeptness in marketing stewardship equips brands with a competitive edge. Collectively, these endeavors not only fortify individual enterprises but also propel China’s evolution from merely being a vast brand reservoir to emerging as a bastion of influential global brands.
References
[1]. Wensi Liu. (2023) Study on the Marketing and Management Methods of Fashion Brands [J]. Marketing World, (02):68-70.
[2]. Fang Qing. (2019) On the Marketing and Management Strategies of Fashion Brands [J]. Modern Marketing (Business Edition), (09):87.
[3]. Lixian Liu, Qianqian Zhu, Mingkun Wang. (2021) Research on Fashion Brands from a Design Management Perspective [J]. Design Art Studies, 11(04):23-28.
[4]. Jiaxin Zhang. (2016) On the Marketing and Management Strategies of the Dior Brand [J]. National Business News, (21):3-4.
[5]. Yiqiang Han. (2018) Research on the Management Strategies of “Fast Fashion” Brands - Taking ZARA as an Example [J]. Journal of Jiangsu Vocational College of Economics and Trade, (04):28-31.
[6]. Tingting Sun, Ying Chen. (2023) Exploration of the Current Status of Sustainable Development of Fashion Brands [J]. Fashion Designer, (04):92-96.
[7]. Xiaoting Wang. (2023) Research on Marketing Strategies of Local Fast Fashion Brands - Taking UR as an Example [J]. Modern Shopping Malls, (10):54-56.
[8]. Jiatong Duan, Bingbing Du. (2022) Research on the Promotion Strategies of “New National Trend” Fashion Brands in the Context of Experience Economy [J]. Fashion Designer, (10):134-140.
[9]. Puming Lu, Cai Lu. (2022) A Sociological Interpretation of the Relationship Between Fashion, Brand, and Consumption [J]. Journal of Changzhi College, 39(04):39-46.
[10]. Deng Ting. (2022) Research on the Overseas Strategy of Chinese Fashion Clothing Brands - Taking SHEIN as an Example [J]. Western Leather, 44(14):25-27.
Cite this article
Lin,J. (2023). Study on Brand Management of Fashion Brands. Advances in Economics, Management and Political Sciences,55,24-29.
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References
[1]. Wensi Liu. (2023) Study on the Marketing and Management Methods of Fashion Brands [J]. Marketing World, (02):68-70.
[2]. Fang Qing. (2019) On the Marketing and Management Strategies of Fashion Brands [J]. Modern Marketing (Business Edition), (09):87.
[3]. Lixian Liu, Qianqian Zhu, Mingkun Wang. (2021) Research on Fashion Brands from a Design Management Perspective [J]. Design Art Studies, 11(04):23-28.
[4]. Jiaxin Zhang. (2016) On the Marketing and Management Strategies of the Dior Brand [J]. National Business News, (21):3-4.
[5]. Yiqiang Han. (2018) Research on the Management Strategies of “Fast Fashion” Brands - Taking ZARA as an Example [J]. Journal of Jiangsu Vocational College of Economics and Trade, (04):28-31.
[6]. Tingting Sun, Ying Chen. (2023) Exploration of the Current Status of Sustainable Development of Fashion Brands [J]. Fashion Designer, (04):92-96.
[7]. Xiaoting Wang. (2023) Research on Marketing Strategies of Local Fast Fashion Brands - Taking UR as an Example [J]. Modern Shopping Malls, (10):54-56.
[8]. Jiatong Duan, Bingbing Du. (2022) Research on the Promotion Strategies of “New National Trend” Fashion Brands in the Context of Experience Economy [J]. Fashion Designer, (10):134-140.
[9]. Puming Lu, Cai Lu. (2022) A Sociological Interpretation of the Relationship Between Fashion, Brand, and Consumption [J]. Journal of Changzhi College, 39(04):39-46.
[10]. Deng Ting. (2022) Research on the Overseas Strategy of Chinese Fashion Clothing Brands - Taking SHEIN as an Example [J]. Western Leather, 44(14):25-27.