The evolution of streetwear : the newfound reality of streetwear and its luxury-like management

• Autor(a) principal: Macedo, Miguel Marques Lobo de
• Data de Publicação: 2015
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.14/19258
• topic: Streetwear branding; Luxury branding; Brand management; Consumer tribes; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

Purpose: To explore the critical dimensions of successful streetwear brands and how they garner customers’ attention, devotion and regard for the brand. Ultimately, the goal is to compare the anatomy of a streetwear brand to that of a luxury fashion brand and analyze the main differences and similarities between the two in order to understand how a streetwear brand, Supreme, operates in its niche market. By using a case study approach, this study plans on analyzing the newfound reality of streetwear, the reasons for its unprecedented consumption and what the biggest brands in this industry do in order to appeal, constantly, to different crowds: the devoted followers and the fashion-driven consumers. With this in mind, the study intends to validate the relevancy of these streetwear labels in today’s luxury fashion markets. Findings: The aspirational consumer of today’s streetwear will be the aspirational consumer of the eventual luxury market of tomorrow. I understand that there is still a lot to be studied within this streetwear industry but believe to have validated the importance of these brands in the purchasing intention of today’s consumers, by deconstructing the brands. Three important levels of analysis cement my study. The aspirational consumer of today, its intricate and complex need for approval within its tribes and the management instruments necessary to fulfill all his needs, intrinsic and extrinsic ones. The brands that do this now are what I define as streetwear powerhouses as they hold the power to influence every little detail of consumers’ perceptions and tastes, maybe even more than luxury brands have influenced till this day.