Masstige vs. Premium brands
What is the real difference ?
Key takeaways
- Premium brands and masstige brands are not that different in terms of assortment. Outerwear is the only category that is more represented in premium fashion as compared to masstige.
- Pricing is one of the key differences with premium prices being on average four times more expensive than masstige.
- Premium brands on average use more synthetic fabrics than masstige brands. They account for almost a quarter of the fabrics used in premium brands.
There is a fine line between luxury and premium fashion brands. In the key elements that make them distinct are storytelling about the brand, its heritage, scarcity, and quality. Some of those elements can also be found in premium but, most of the time, when we think about premium we think about 鈥渨orth our money鈥. But is it really?
Is there a difference in terms of the offer?
According todata, we have observed that in terms of the number of articles, masstige brands have around 37% more offer but some brands like the Michael Kors, The Kooples and All Saints have even more articles than Massimo Dutti. Therefore, we cannot really say that, in terms of articles鈥 variety, there is much of a difference.
When we look at the assortment mix, we can observe on the graph above that outerwear holds a way more significant share for premium brands than masstige, as well as dresses and knitwear. As mentioned in the beginning, we buy premium brands because of the style, because of what it represents.
When we look at the style, there are a lot of similarities, but the price is far from being similar. The dress from &Other stories, Saharian style in an hourglass shape costs 鈧79 while the one from Sandro costs 鈧245 (now on sales at 鈧122.5). Both are made of 100% cotton, and the Swedish brand even uses sustainably sourced fabrics.
Better quality, better fabrics?
One of the main reasons why we are willing to pay the price for premium brands is because we have this perception of higher price, better quality. And by quality, we mean fabrics quality and finishes.
Thanks to data, we see that more than half of the fabrics used for premium brands are Cotton and synthetic fabrics like Polyester, Elastane, and, Nylon. In comparison, masstige brands use less than 20% of synthetic fabrics, and we observe that they use a lot more cotton. Retailers like The Kooples, Ba&Sh, and Michael Kors use a lot of silk compared to French Parisian brands like Sandro and See by 颁丑濒辞茅 but it still only accounts for less than 10% of the fabric mix used.
Therefore, one question can be raised, do you really get a product that was worth its price?