Exploring Consumer Procurement Patterns: A Comparative Analysis Between H&M And Zara
Asst. Prof. Praveen Kumar Pandey, Asst. Prof. Mr. Pawan Kumar, Mr Prashant Kumar Pandey, Dr. Samriti Mahajan, Dr. Nandini Srivastava
Schhol of Commerce & Management, Lingaya's Vidyapeeth, India
School of Commerce and Management, Lingaya’s Vidyapeeth, India
Management, Fortune Institute of International Business, India
School of Commerce and Management, Lingaya’s Vidyapeeth, India
School of Leadership & Management, Manav Rachna International Institute of Research and Studies, India
Abstract
Embark on a quest to unravel the enigmatic tapestry woven by the whims of Indian youth, where the threads of fashion brands H&M and Zara intertwine. This odyssey delves into the depths of the ever-evolving Indian fashion realm, seeking to illuminate the alignment between the young and these sartorial titans, unveiling the intricate patterns that guide their sartorial pursuits. The journey unfolds through a harmonious fusion of qualitative and quantitative methodologies, a symphony of surveys, interviews, and observational data analysis. Qualitative melodies unveil the intrinsic motivations that orchestrate consumer choices, while quantitative cadences lend statistical validation and broader insights into the rhythms of buying patterns. The fruits of this expedition hold profound implications for H&M, Zara, and all those who navigate the Indian fashion market's currents. By comprehending the nuanced preferences and behaviors of the youth demographic, brands can tailor their product assortments, marketing strategies, and brand positioning efforts with the deft hand of a master artisan. The recommendations born from this odyssey shall serve as beacons, guiding strategic decisions towards heightened brand awareness, expanded market reach, and elevated customer satisfaction. This voyage into the unknown contributes a novel symphony to the annals of consumer behavior within the Indian fashion industry. By focusing on the unique context of youth consumer preferences and behaviors towards H&M and Zara, the study weaves an original tapestry of market trends and consumer dynamics. Furthermore, it illuminates paths for improvement, such as amplifying awareness of collections and catering to diverse income groups, thus enriching the strategic planning and decision-making processes for brands and marketers alike.
Highlights
Introduction: The fast fashion realm is experiencing a meteoric rise, propelled by the unrelenting currents of globalization. In this era of borderless commerce, co...
Background: Zara and H&M are synonymous with the fast fashion domain, standing as titans within an industry that thrives on rapid turnover and trendsetting (T...
Methodology: Embark on a mythical quest, where the realms of methodology intertwine in harmonious symphony. This odyssey weaves a tapestry of descriptive and analy...
Results: The data was collected from 118 people from various backgrounds and groups. Youth is an asset for all the fast fashion companies and brands which in t...
Discussion: With this survey, we can conclude that the trend for fast fashion is increasing especially amongst Gen Z and people are more willing to spend on brand...
Conclusion: In summary, Zara and H&M are poised for further growth and recognition, yet both companies face internal and external challenges that must be addr...