Research on popularity of branded apparels

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“Popularity of Branded Apparels” – Appeal to the Youth & Loyalty towards it Submitted to: Submitted by: Prof. Saumya Misra Vijayalakshmi Shankar ITM-July ‘09 Submitted on: ITM105344140 06.06.2011 I 2 IT – IGNOU CENTER OF EXCELLENCE FOR ADVANCED EDUCATION & RESEARCH

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Transcript of Research on popularity of branded apparels

Page 1: Research on popularity of branded apparels

“Popularity of Branded Apparels” –

Appeal to the Youth & Loyalty towards it

Submitted to: Submitted by: Prof. Saumya Misra Vijayalakshmi Shankar ITM-July ‘09 Submitted on: ITM105344140 06.06.2011

I2IT – IGNOU CENTER OF EXCELLENCE FOR ADVANCED EDUCATION & RESEARCH

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TABLE OF CONTENTS

S.NO CHAPTER PAGE NO

1 Abstract 3

2 Introduction 4

3 Review of Literature 6

4 Objectives of the Study 10

5 Research Methodology 11

6 Data Analysis

6.1 I. Charts 13

6.2 II. Findings 20

6.3 III. Statistical Techniques

a) Correlation 22

b) Mode 23

c) Mean 24

d) Student t-test 26

7 Conclusion 28

8 Recommendations 29

9 Bibliography 30

10 Annexure 31

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ABSTRACT

This study explores the popularity of branded apparels and aims to find out if youth are attracted

towards branded apparels or if they prefer non branded apparels. It also explores into the

influential factors that lead to the purchase of a particular brand namely; Brand Name, Product

Quality, Design, Store Environment, Price and Promotion. This study also tests if there is any

significant difference between the degree of brand preference and the level of agreement with the

social status that brands depict. From this survey the most popular brand among the youth is

determined and it is Levis which mostly preferred by youth. It was also found out that brands are

status symbols and care must be taken to maintain the image of the brand and the most important

influential factors that lead to not only the purchase of a brand but also loyalty towards are

Product Quality & Design. Hence companies must improve their quality and product design &

variety continuously. It is recommended that companies should not invest heavily on celebrities

as it has been determined that most of the population is not motivated to buy branded apparels

because it is promoted by stardom presence. A sample of 50 was examined and data was

collected through questionnaires administered to people between the ages 17 and 27.

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INTRODUCTION

“Consumers are evolving entities. Their aspirations & expectations are continuously changing.

Today’s shoppers are more intelligent, discerning & tuned to their individual preference. They

are increasingly fashion and brand conscious and select labels which define who they are or

who they want to be. The biggest challenge for all the brands is to create loyal consumer who

love them.” – Shopper’s Stop Ltd

India represents an economic opportunity on a massive scale, both as a global base and as a

domestic market. Indian consumer markets are changing fast, with rapid growth in disposable

incomes, the development of modern urban lifestyles, and the emergence of the kind of trend-

conscious consumers that India has not seen in the past

Apparel industry is in its growth stage. With the proliferation of western culture, more brands are

added to the Indian market. Larger budget is allocated to sales promotion activities that lure the

consumers. In such a scenario, it is very essential to study how consumers make their choices in

category where there are several brands in the consideration set of a consumer. There is a trend

for a high number of consumers in the apparel industry to switch from one brand to another due

to sales promotion offers and personal comfort zone. Hence it would of interest to a marketer to

learn about the consumer preferences with respect to sales promotion offer; what schemes do

consumer prefer for what kind of brands, which media do they prefer to know about the brand,

product, and related schemes, who prefers the branded apparel and fashion products, the price

range of the fashion products. These are the questions which consumer considers while choosing

a brand.

Brands build customer loyalty by delivering excellent value no matter the price point-high, low,

or medium. Value includes styling, durability, quality fabrics, and consistent fit. To the

consumer, a brand name represents familiarity, consistency, and confidence in performance.

Brand names when linked with lifestyle, self-expression, and aspirations epitomize intangibles

that are desirable to the consumer.

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Today’s global apparel environment is tougher than ever for brands. There are many reasons for

the emergence of this challenging climate;

• Proliferation of brands

• Smarter consumers

• Ever changing fashion

• Increasing competition

This research aims at understanding the appeal of youth towards branded apparels and the factors

that lead to the purchase of these branded apparels. It also explores into the dimensions of brand

loyalty and determines which categories of the consumers are loyal to the brands that they

purchase and the reason behind the ardent brand loyalty. This study focuses on people living in

cosmopolitan & metropolitan cities having access to brands and the latest information about

brands. The data is collected through a qualified questionnaire that focuses not only determining

the brand loyal customers, but also in finding out the most popular brand among the youth and

the influential factors that lead to the purchase of a particular brand.

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REVIEW OF LITERATURE

Globalization has led to the proliferation of brands in the Indian Market. There have been many

studies conducted on consumer brand loyalty in the apparel industry in various parts of the

world. This study is an extension of few studies conducted earlier. Some of those studies have

been listed below

1. The Brand Loyalty of Sportswear in Hong Kong

Author: Mei-mei Lau, Ph.D. Student, Institute of Textiles and Clothing, The Hong Kong

Polytechnic University. Journal of Textile and Apparel, Technology and Management

(JTATM), Volume 5, Issue 1, Winter 2006

This paper reports the brand loyalty of 280 university students, aged 18 to 24 years. This

study explores the brand loyalty behaviour on sportswear and examines key brand loyalty

factors; brand name, product quality, price, style, store environment, promotion and service

quality. Consumers are classified into two categories by their degree on brand loyalty; hard-

core loyal consumers and brand-switchers. This study concludes that brand name, style and

promotion are key brand factors which can distinguish hard-core loyal brand consumers and

brand-switchers. Brand name and style have more influence on brand loyalty of hard core

brand consumers while promotion influences more on that on brand switchers. Product

quality is perceived by both groups as the most important factor affecting their brand loyalty

Inference: The overall image of a brand and its influential factors plays an important role in

determining whether a consumer buys branded apparel and stays loyal to the brand. The

brand image does not only account for quality but also the services provided at the store. Not

all consumers are loyal. A consumer is capable of switching brands even when the apparel

meets their requirement. Hence it is important to differentiate the loyal customers so that

they could be served better and appropriate strategies could be taken to target that section of

the market that is prone to brand switching.

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2. Korean Women’s Clothing Brand Loyalty

Authors: Jungmi Oh (Newark, Delaware, USA). Susan. S. Fiorito (Textiles and Consumer

Science Department, Florida State University, Tallahasse, Florida, USA). Journal of

Fashion Marketing and Management, Volume 6, No 3, 20002 Date of Issue: 10.11.08

The purpose of this study was to identify clothing brand loyal customers regarding their

buying behaviour, self-image and demographics. Also, brand loyal customers’ post purchase

outcomes based on clothing attributes were investigated. The questionnaire was based on self

administered pilot study and included measuring brand loyalty, consumer decision making

and demographics. Data were from 328 questionnaires completed by adult women living in

Seoul, Korea. The results shows that in purchasing tee shirts, 24.4% of the sample were

brand loyal customers, 42.2% were brand loyal customers in purchasing trousers and 38.7%

were brand loyal customers in purchasing jackets. The multiple discriminant analysis

indicated several significant variables for profiling brand loyal customers and non brand

loyal customers. High price, brand loyal customers and low/medium price, brand loyal

customers significantly differed in post purchase satisfaction.

Inference: Consumer who may not necessarily buy branded apparel all the time. The range

of branded apparel that is bought may differ depending on the strata and demographics. The

price of the apparel is a direct determinant of the post purchase satisfaction of a consumer.

3. “Why She Shops?” The 2010 Fashion and Beauty Study

Bain & Company with the cooperation of Vogue Magazine, June 2010

The research was conducted by Bain & Company with the cooperation of Vogue magazine. It

evaluated 134 brands in retail, accessories, apparel, and beauty, using an online survey of

5,000 women in the U.S., between ages 18 and 60. The survey took place in June 2010.

“Style-conscious” women met two criteria. First, they had the highest responses to questions

about whether they follow the latest fashions and consider themselves stylish. Second, they

had to spend at least $1000 per year on apparel, or $250 per year on accessories or $100 per

year on beauty.

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The ‘2010 Fashion and Beauty Brand Index’ is based on two factors: spending on the brand

and loyalty to the brand. The spending metric includes the percentage of women who

purchase the brand and the share of wallet held by the brand among style-conscious women

relative to other brands in the category. The loyalty metric is based on Net Promoter Score®

(NPS), which measures the percentage of brand promoters, who would recommend a brand

to a friend against the percentage of brand detractors, who would not do so.

The study revealed that winning brands score three times higher than average on dimensions

such as “fits me well” (for apparel), “matches my style,” and “trusted / high quality.”

Notably, the study finds that women in 2010 did not rate “price” as a differentiator. The

study also finds that winning brands had substantially higher customer loyalty and advocacy

scores. The study also revealed that these women gravitate towards brands that deliver on

heritage, sustainability and provenance.

Inference: In the US, price is not a differentiating factor, i.e. consumers do not make

decisions based on the price of the branded apparel. Brand loyalty is determined more in

terms of quality, heritage, trust and the like. This attitude could be extended to the Indian

scenario as well because of the growing western influence.

4. Decision Making Behaviour Towards Casual Wear Buying: A Study of young

Consumers in Mainland China

Authors: Kwan C.Y, Yeung K.W, Au K.F (Hong Kong Polytechnic University). Journal of

Management & World Business Research, Vol , No 1, 2004

This paper explores young Chinese consumers’ decision-making behaviour towards casual

wear purchase in Mainland China. Specifically, it offers empirical results on the relationship

between consumers’ decision-making styles and clothing choice criteria towards buying

casual wear. The Consumer Style Inventory (CSI), developed by Sproles and Kendall (1986)

for examining different consumer decision-making styles, was adapted in this study. A

questionnaire survey was employed as the tool to collect primary data and the research

instrument was administered to 161 University students in Shanghai, Beijing and Guangzhou

in the Mainland. The results show that six decision-making styles; recreational and

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hedonistic consciousness, perfectionism consciousness, confused by over choice, habitual

and brand loyalty, price and value consciousness, and brand and fashion consciousness, were

found in the Mainland.

Inference: Brand is an important determinant in the purchase of Casual Wear. Hence it

could be inferred that brands play an important role in determining the buying behavior of a

consumer even if it is for the purchase of casual clothing.

5. Consumer Culture and Purchase Intention towards Fashion Apparel

Rajagopal, EGADE Business School, March 2010

The study examines the determinants of consumer behaviour and their impact on purchase

intentions towards fashion apparel. The results reveal that socio-cultural and personality

related factors induce the purchase intentions among consumers. One of the contributions

that this research extends is the debate about the converging economic, cognitive and brand

related factors to induce purchase intentions. Fashion loving consumers typically patronage

multi-channel retail outlets, designer brands, and invest time and cost towards an

advantageous product search. The results of the study show a positive effect of store and

brand preferences on developing purchase intentions for fashion apparel among consumers.

Inference: Fashion is a driving force for the purchase of branded apparels. Purchasing

intentions of a consumer can be changed by attributes of different brands. Hence brand

along with economic, cognitive factors plays an important role in determining purchasing

intentions.

These surveys which have been done previously will aid in my present survey in terms of the

general factors that influence the purchase of brands and also the general method of evaluation. It

can also determine if there has been a trend shift in the purchase of branded apparels.

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OBJECTIVES OF THE STUDY

The broad objectives of this research are

1. Brand preferences of the youth in buying branded apparel i.e., do youngsters buy only

branded apparels? If they do, when do they buy branded apparel?

2. Most preferred brand among the youth

3. Factors influencing the purchase of branded apparels i.e. on what basis do they prefer

the brands they purchase

4. Is there any relationship between brands, status and personality? Who influences

individuals to buy branded clothes?

5. Do celebrities really have an impact on the minds of youth and does this influence

their purchase of branded clothes?

6. From which media do youngsters get information about their brands? This can be

used to take decisions like in which avenues of media should investments be made.

7. To determine the result of the hypothesis; “There is no significant difference between

the degree of preference of branded clothes and the social status that the brands

depict.”

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RESEARCH METHODOLOGY

Sample Size:

The sample size is 52. The questionnaire was administered to youth between the ages 17 and 27

living in Pune, Bannglore, Mumbai & Chennai.

Sampling Technique:

The sampling technique used in this survey is Convenience Sampling considering the scope and

size of the survey.

Primary Data:

The data that is used in this survey is primary data that is collected by administering a

questionnaire to the youth. The questionnaire was administered electronically.

Secondary Data:

Secondary data was collected for the purpose of Review of Literature where data from previous

studies was collected for the purpose of reference and framing the survey outline.

Formulas:

i) Mean:

∑ �� /� where Xi is the observation series

N = Sample Size

ii) Standard Deviation:

�∑��� − ��^2/�� − 1 where Xi is the observation series;

N – Sample Size

iii) Correlation:

Degree of Correlation (A,B) = Cov (A,B)

SD (A) * SD (B)

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Covariance (A,B) = �

∑��� − ��∑��� − ��

iv) Standard Error:

Standard Error (SE) = √S12/n1 + S2

2/n2

v) Degrees of Freedom:

Degree of Freedom = (S12/n1 + S2

2/n2)2

((1/ n1-1)*((S12/n1)

2)) + ((1/ n2-1)*((S22/n2)

2))

vi) t calc:

t calc = A – B - Do where Do= 0

SE

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DATA ANALYSIS

(I) CHARTS

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(II) FINDINGS

• Brands are preferred by 37% of the sample, and 27 % have no opinion on their degree of

preference of brands. It is interesting to note that amongst the youth, only 13% have strong

preference for brands.

• 69% of the sample purchase branded clothes in the Casual segment of apparels, closely

followed by the Formals segment which records 63% of purchases.

• One of the objectives of the research is to find the most popular brand and based on the

analysis of the data collected, “Levis” is the most popular brand amongst the youth. 69%

of the sample have indicated strong liking for the brand, followed by Nike & Adidas which

have been rated by 50% & 44% of the sample as their favourite brand. The most popular

brand in the Casual segment is Levis. The most popular brands in the Formals segment are

Park Avenue & Raymond which have been rated by 37% of the segment as their favourite

brand. The most popular brand in the Sports segment is Nike.

• 92% of the sample buys the brands that they prefer because of the Quality of the product

followed by Design which accounts for 63% of the purchases and Brand Name which

accounts for 46% of the purchases.

• 73% of the sample purchase branded clothes casually, 54% purchase branded clothes for

their birthdays, 42% purchase branded clothes during festivals.

• People do not wear only branded clothes, this is indicated by 35% of the sample expressing

neutral opinion when asked if they wear only branded clothes and 33% disagree on the

statement.

• 33% of the sample disagrees when asked if they wear branded clothes to impress people

and 25% strongly disagree and 25% have a neutral take. This implies that people do not

buy branded clothes to create a good impression in the minds of the others. Only a meager

4% strongly agrees with this statement.

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• Branded clothes are a status symbol; 42% of the sample has taken a neutral opinion in this

regard followed by 25% who have expressed disagreement with this statement.

• When asked if they prefer to purchase apparels worn by celebrities, 40% of the sample

strongly disagreed and 35% agreed with the statement. A meager 4% agreed with it.

• People have a neutral on whether they feel self assured when they wear branded clothes.

This is indicated by the 31% of the sample who have selected neutral closely followed by

27% of the sample who disagree on this statement implying that branded clothes have a

nothing to do with their self-assurance (confidence).

• Peer group influences an individual to buy branded clothes. This is indicated by the 65% of

the sample who are influenced by friends. 50% are influenced by the brand itself.

• Most people get information about their favourite brands from TV which caters to 79% of

the information needs of the sample followed by Point of Sale Display & Internet which

have recorded 60% and 56% respectively.

• 33% of the sample has a neutral take on whether brands show where they stand in the

society. A close 29% agree that brands are a status symbol of a person and 21% disagree

with it.

• When asked if the Brand that they wear depicts confidence, 35% expressed neutrality and

27% agreed with this statement and 19% have disagreed with it.

• 38% of the sample is unsure if brands speak about their attitude and 25% agree that brands

depict their attitude (e.g. cool, trendy, sophisticated etc) and 17% disagree with it.

• When asked if they feel superior to others when they wear branded clothes, 40% of the

sample has a neutral take on it whereas 31% of the sample has expressed their

disagreement to the statement which implies that brands do not make them feel superior to

others.

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(III) STATISTICAL TECHNIQUES

a) Correlation

S.No Degree of Brand

Preference (A)

Status Symbol

(B)

1 5 5 2 4 2

Degree of Brand Preference

3 1 2

1 Least Preferred

4 5 5

2 Moderately Preferred

5 3 4

3 Neutral

6 4 3

4 Preferred

7 4 4

5 Mostly Preferred

8 3 3 9 2 3

Brand – Status Symbol

10 1 3

1 Strongly Disagree

11 2 2

2 Disagree

12 2 1

3 Neutral

13 3 3

4 Agree

14 5 4

5 Strongly Agree

15 4 3

16 4 5

17 4 2 36 4 5

18 4 3 37 2 3

19 4 2 38 5 2

20 2 3 39 3 2

21 3 3 40 3 2

22 4 4 41 2 3

23 5 3 42 3 3

24 3 1 43 3 3

25 4 3 44 3 3

26 4 3 45 3 4

27 5 3 46 2 3

28 4 2 47 4 4

29 2 3 48 2 3

30 4 4 49 4 4

31 4 4 50 3 2

32 4 2 51 5 2

33 4 2 52 3 3

34 1 1 Degree of Correlation (A,B) 0.344750852

35 3 4

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The two variables; Degree of Preference of Brands & Brand being a Status Symbol is positively

correlated. The Degree of Correlation is 0.34. It can be inferred that, as the preference in brands

increases, a person’s belief that a brand is a status symbol in the society increases only relatively.

b) Mode

Basis on which you like your brand the most

1 2 1 6 1 2 3 4 5 6

1 2 1 2 3 6 1 2 6 1

3 1 3 1 3 4 5 4 1 2

3 1 2 1 3 1 2 1 2 3

6 1 3 1 2 6 1 1 2 6

1 2 6 1 2 6 1 2 6 1

2 6 1 3 6 1 2 3 1 3

6 1 2 3 1 2 3 1 2 1

2 3 6 1 6 1 2 3 1 1

3 3 6 2 3 1 2 3 4 1

2 6 3 1 1 2 1 2 3 1

2 6 1 2 6 1 2 6 1 2

3 1 6 1 5 6 1 4 6 1

2 1 2 1 2 1 2 3

Mode = 1 : (49)

Key

1 Product Quality

2 Design

3 Brand Name

4 Store Environment

5 Price

6 Promotion

The Mode is Product Quality which appears 49 times. This is the option that frequently selected

by the candidates. This implies that people prefer brands that they purchase because of the

Quality it holds. They believe that their product lasts more than others. Hence they go in for the

brand that they purchase.

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c) Mean

- Who feels more confident when they wear branded clothes; Men or Women?

S.No Female Male S.No Female Male

1 5 2 19 1

2 3 4 20 3

3 3 5 21 3

4 3 3 22 2

5 2 3 23 4

6 1 3 24 2

7 3 4 25 4

8 4 5 26 4

9 1 2 27 3

10 2 2 28 4

11 3 3 29 4

12 4 4 30 5

13 3 4 31 3

14 2 3 32 1

15 2 4 33 3

16 1 4 34 2

17 1 3 Mean 2.61 3.21

18 4 3

The result shows that the mean for women is 2.6, which is nearly 3, and for men, it is 3.2, that is

nearly 3. This shows that both men & women are neutral on the statement as to whether wearing

brands increases their confidence. This shows that people neither believe or disbelieve in

boosting their confidence by wearing branded clothes and there is no significant difference

between men & women wearing branded clothes to boost their confidence.

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- Do people really buy only the latest fashion? What is their level of variability?

Do people wear only the

latest fashion?

Do people wear only the

latest fashion?

5 3

2 3

4 3

5 3

2 3

3 3

3 1

4 1

3 5

3 3

3 3

3 3

3 3

4 4

3 3

3 3

3 2

3 3

3 2

3 3

3 3

3 3

5 3

2 2

2 3

4 Mean: 3.08

5 Std Dev: 0.88

An average number of people have a “Neutral” opinion on whether they wear only the latest

fashion. This indicates that they are unsure as to whether they really wear only the latest fashion.

The level of variability (Standard Deviation) is also minimal; 0.88 which means that more or less

all of them have largely indicated that they have a neutral opinion.

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d) Inferences about the significant differences between two population means where S.D.

1 and S.D. 2 are unknown (Student t-test)

S.No

Degree of

Brand

Preference

(A)

Status

Symbol (B)

S.No

Degree of

Brand

Preference

(A)

Status

Symbol (B)

1 5 5 29 2 3

2 4 2 30 4 4

3 1 2 31 4 4

4 5 5 32 4 2

5 3 4 33 4 2

6 4 3 34 1 1

7 4 4 35 3 4

8 3 3 36 4 5

9 2 3 37 2 3

10 1 3 38 5 2

11 2 2 39 3 2

12 2 1 40 3 2

13 3 3 41 2 3

14 5 4 42 3 3

15 4 3 43 3 3

16 4 5 44 3 3

17 4 2 45 3 4

18 4 3 46 2 3

19 4 2 47 4 4

20 2 3 48 2 3

21 3 3 49 4 4

22 4 4 50 3 2

23 5 3 51 5 2

24 3 1 52 3 3

25 4 3 Mean 3.35 2.98

26 4 3 Std Dev (S) 1.10 1.00

27 5 3 N 52 52

n1 = 52 n2 = 52 α is assumed to be 0.05

Standard Error (SE) = √S12/n1 + S2

2/n2

Standard Error (SE) = √1.102/52 + 1.002/52 = 0.21

Ho: There is no significant difference between the degree of brand preference and the social

status that brands depict.

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Ha: There is a significant difference between the degree of brand preference and the social status

that brands depict.

(It is a two tailed test)

Degree of Freedom = (S12/n1 + S2

2/n2)

2

((1/ n1-1)*((S12/n1)

2)) + ((1/ n2-1)*((S2

2/n2)

2))

= (0.02326923+0.019230769)2

(1/51)*(1.102/52)2 + (1/51)*(1.002/52)2

= 0.001806 = 0.001806

0.0000106 + 0.00000725 0.00011325

Degree of Freedom (d.o.f) = 101.176 = 101

t calc = A – B - Do where Do= 0

SE

= 3.35 – 2.98

0.21

t calc = 1.77

tα/2 for d.o.f – 101 and α/2 – 0.025

tα/2= 1.960

Rejection Rule for Ho: t calc ≥ tα/2

Here, t calc < tα/2; Hence, do not reject Ho

Therefore, the claim that there is no significant difference between the degree of brand

preference and the social status that brands depict cannot be rejected. With further testing,

we can prove the alternate hypothesis.

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CONCLUSION

To a very large extent, youth do prefer brands but they are not brand conscious and neither do

they buy only branded apparels. Most of them purchase brands casually and others do for special

occasions, mostly, birthdays. Levis Strauss is most preferred brand amongst the youth and

factors such as Fabric Quality, Design and Brand Name has made it the most favourite amongst

the youth. The Quality factors may be that the brand that they buy may last longer than other

brands. The Design factors maybe that the brand that they buy may provide more variety than

other brands. The Brand Name factors might be the reputation of the brand, attraction of the

brand to the individual or that the brand might reflect the individual’s personality. Although

people’s neutrality did not change when they were asked to rate level of agreement for 2

sentences, “Brand is a status symbol” & “The brand I wear shows where I stand in the society”,

a large number of people (29%) have agreed when the statement was reworded as “The brand I

wear shows where I stand in the society.” in contrary to 25% who disagreed on the statement

“Brand is a status symbol”. The neutrality of the people did not change when they were asked to

rate level of agreement with “I am self-assured when I wear branded clothes” & “The Brand I

wear depicts my confidence” as majority (35%) of the sample has taken a neutral opinion in this

regard. It is interesting to note that the agreement of people with this statement has increased

which is evident from the 27% of the sample who agree with the latter statement, in contrary to

the 27% disagreement with the former statement. From this survey, it can be inferred brands

indeed depict the status of a person but it does not necessarily make them feel superior to others.

Celebrities who endorse brands do not influence the general public to go in for that brand.

Companies can rethink before spending a huge chunk on celebrities for endorsing a brand.

Therefore, it is evident that branded apparels are widely preferred by the youth even if they are

not the only preference.

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RECOMMENDATIONS

• To build loyalty, companies can start loyalty programs by maintaining a database of

customers who patronize the store often and offering them attractive discounts to

encourage future purchases and loyalty to the brand.

• Companies must focus on improving their quality & design as these factors have been rated

as the most important factors for staying loyal to a brand.

• Companies can think of other avenues of creative investment rather than investing heavily

on celebrities for endorsing the brand as the study clearly indicates that celebrities do not

influence most of the people in buying branded apparels.

• Brands are status symbols and therefore care must be taken to improve the brand name in

order to attract new customers and retain existing ones.

• Most of the people get information about their brand from Televisions. Hence, this medium

must be used to advertise the products.

• Since there is no significant difference between the degree of brand preference and the

social status that brands depicts, companies must target their entire customer base equally.

• Companies can innovate and produce apparels catering to a section of people having

similar attitude. Advertisements can enforce this in the minds of the people. For example, a

jean with different pattern on it can cater to those who are cool and want to stay in fashion.

• Companies must continue producing (in minimal amount) those apparels which are not in

current fashion as the study reveals that people do not buy only the latest fashion. For

example, straight cut jean may be out of fashion but there may be a loyal customer who

still prefers wearing straight cut, she/he might shift to a brand that still manufactures

straight cut jeans.

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BIBLIOGRAPHY

Book:

• Statistics for Business & Economics by David. R. Anderson, Sweeney, Williams.

Thomson South Western Publications. Ninth Edition, Year of Publication – 2005, 1st

Indian Reprint – 2007. (Chapter 3 & Chapter 10)

Websites:

• https://spreadsheets.google.com/spreadsheet/viewform?hl=en_US&pli=1&formkey=dC1t

a1RNZnFLZzFYSGVaMDRqZVF0dVE6MQ#gid=0

• http://www.tx.ncsu.edu/jtatm/volume5issue1/Articles/Lau/Lau_Full_169_05.pdf

• http://www.deepdyve.com/lp/emerald-publishing/korean-women-s-clothing-brand-

loyalty-0NRP8Zpx97

• http://sachaorloff.wordpress.com/2011/01/21/study-why-she-shops-the-2010-fashion-

and-beauty/

• http://mba.americaeconomia.com/system/files/consumerculturefashion.pdf

• http://www.academyofworldbusiness.com/assets/jomawbr/Article_1.pdf

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ANNEXURE

A) QUESTIONNAIRE

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