Over the last few years, designer brands and luxury conglomerates have set their sights on winning over one of the most coveted pieces of the fashion pie: Gen Z. Millennials are still the largest consumers of fashion, and baby boomers yield the largest spending power, but Gen Z has quickly become all anyone in corporate boardrooms can talk about. Aged 12 to 25, Gen Z is poised to become the fastest-growing generation as it pertains to spending power, leveraging around $360 billion, according to the Business of Fashion, so it’s no surprise to anyone that the industry has taken notice. Since before industry leaders were paying attention, we’ve had an annual tradition of ours that allows us to dive a little deeper into the younger generation—Gen Z Says.
Formerly, it was a series where we exclusively tapped young insiders to discuss what’s cool in the fashion space, but we’ve now taken it to the masses. While billionaire CEOs and marketing executives think they know what Gen Z wants, we’re here to break down the truth. Over the last two weeks, Who What Wear sat down with industry experts, leaders, and over 200 Gen Z readers to hear their takes on the fashion choices they’re making right now, from where they’re spending their money (and where they aspire to shop from) to what exactly is influencing those late-night purchases and hauls. The proof is in the numbers, and as we’re among the next gen ourselves, we were able to put together a concise report of what we actually care about, from us to you. Welcome to the new and expanded Gen Z Says.
This year more than ever, it feels like brands are finally taking strides to appeal to the new, young, hip crowd on the scene. In an effort to grow with the generation, brands of all sizes are investing time and money into capturing their undivided attention. Miu Miu and Tory Burch have tapped sub-25 celebrities like Sydney Sweeney and Zaya Wade for campaigns and runway debuts. Emma Chamberlain has made the shift from quirky and sporadic YouTube vlogs to front-row and red carpet appearances. Both Madelyn Cline and Jenna Ortega rose to superstardom after their Netflix series and movie roles, working with the likes of Valentino and Versace as they go.
The Lyst Index, which is the industry’s quarterly report that ranks fashion’s hottest brands and products, cited both Gen Z and TikTok virality as reasons for multiple brands’ successful ranking in both 2023 Q1 and 2022’s end-of-year data. On the corporate level, luxury giant LVMH announced in 2021 it was planning to recruit 25,000 people under 30 by the end of 2022, proving that looking from the outside isn’t enough. They want the inside scoop.
These days, it’s almost impossible not to pay attention to the path the younger generation is forging. If there’s one thing we learned from the style discourse Portia from The White Lotus caused, it’s that there’s a lot we have yet to learn about the next gen’s place in the fashion world—snarky think pieces included or not. So read on to see their impact on fashion in 2023, and prepare to be captivated.
With the boom of social media influence, Gen Z has become much more aware of the brands they’re following than older generations. Everyone is prone to a little influence, but growing up online means their spending is directly impacted by what they’re consuming digitally. Younger age may mean less money, and while a majority of the generation is still currently shopping on the affordable end, higher-end brands are betting on their future and current buying power. As mentioned previously, Business of Fashion reported that the generation has a purchasing power of $360 billion, so it’s clear that focusing on the younger demographic is a worthy investment.
It would be reckless to mention Gen Z without acknowledging the mass influence they have on the global fashion markets. While Instagram remains one of the highest social platforms to engage with fashion communities, TikTok’s sheer impact on runways, trends, and the illusion of celebrity has never felt stronger thanks to the app’s overwhelming Gen Z base. As Gen Z turns to online communities, digital mood-boarding, and e-platform-based activity, it’s not a stretch of the imagination to assume somewhere, somehow we have a fine-tuned algorithm to thank for all of this. Sure, marketing often takes a brand far, but according to Gen Z, a shiny 60-second clothing-haul video just might do a tad bit more.
For what it’s worth, Gen Z is quite self-aware about the core-ification of today’s fashion landscape, with eclectic aesthetics and subgenres of hyper-niche sartorial tastes garnering billions of views for the world to see. While we latch on to screen times so high they might scare a Victorian-era child, it’s only fitting to acknowledge the future of the digital-first fashion world Gen Z is creating on their own terms.
There are a few myths that exist about Gen Z, one of the largest being that they’re solely responsible for how fast-paced the trend cycle is moving thanks to their reliance on hyperfast fashion and social media. While the under-25 crowd hasn’t known much of a world in which fast fashion and online shopping didn’t exist, their reliance on sustainable methods and digitally native purchasing options like Afterpay, Klarna, and PayPal are outlining a future in which traditional methods of retail and how to shop cease to exist, paving the way for innovation as it pertains to shopping, branding, and payment platforms.
As Gen Z’s buying power is on the rise, it’s no surprise that the motivations behind why they shop are just as important as where they shop. The majority of our respondents were more concerned about the style of their clothing (38.9%) than other motivating factors such as price, cost, and sustainability. While Gen Z certainly admires luxury brands like Prada and Chanel, less than 1% of all respondents stated they cared about brand name the most when it pertained shopping.