According to a survey conducted in five European countries in 2023, a negligible share of consumers across all product categories purchased fashion from a store brand or private label as a 'trade-down' action to save money.
Share of consumers who purchased fashion items from a private label or store brand to save money in selected European countries in 2023, by category
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McKinsey & Company. (July 14, 2023). Share of consumers who purchased fashion items from a private label or store brand to save money in selected European countries in 2023, by category [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1417779/european-consumers-shopped-fashion-from-a-private-label/
McKinsey & Company. "Share of consumers who purchased fashion items from a private label or store brand to save money in selected European countries in 2023, by category." Chart. July 14, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1417779/european-consumers-shopped-fashion-from-a-private-label/
McKinsey & Company. (2023). Share of consumers who purchased fashion items from a private label or store brand to save money in selected European countries in 2023, by category. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1417779/european-consumers-shopped-fashion-from-a-private-label/
McKinsey & Company. "Share of Consumers Who Purchased Fashion Items from a Private Label or Store Brand to save Money in Selected European Countries in 2023, by Category." Statista, Statista Inc., 14 Jul 2023, https://www.statista.com/statistics/1417779/european-consumers-shopped-fashion-from-a-private-label/
McKinsey & Company, Share of consumers who purchased fashion items from a private label or store brand to save money in selected European countries in 2023, by category Statista, https://www.statista.com/statistics/1417779/european-consumers-shopped-fashion-from-a-private-label/ (last visited October 30, 2024)
Share of consumers who purchased fashion items from a private label or store brand to save money in selected European countries in 2023, by category [Graph], McKinsey & Company, July 14, 2023. [Online]. Available: https://www.statista.com/statistics/1417779/european-consumers-shopped-fashion-from-a-private-label/
