The emerging market of the metaverse refers to the developing and expanding digital ecosystem where virtual spaces, augmented reality (AR), virtual reality (VR), digital economies, and interconnected online communities intersect. Delivering clients fresh experiences and bolstering brand skills are a couple of the many potential outcomes of luxury fashion’s metaverse initiatives. The expansion of virtual worlds and the prosperity of brands depend on the quality of the experiences provided to customers and brands in the metaverse. While metrics for measuring consumer and brand satisfaction in both offline and online settings have been around for a while, they haven’t been modified to fit the specifics of the metaverse just yet. Through looking at metaverse retail and branding strategies through the perspectives of high-end fashion brands, the current research aims to contribute to the growing body of literature on metaverse marketing. While the luxury fashion industry shifts towards omnichannel retail and a customer-centric strategy, the present research was show how the metaverse is impacting these businesses. An inductive, qualitative, and exploratory methodology may be required due to the character of the study subject. The qualitative data we collect shed light on how the metaverse’s fashion and luxury retail industries have developed over time by making use of cutting-edge technologies, sophisticated analytics, and immersive experiences. The metaverse is more than a fad; it heralds a revolutionary shift that will allow companies to flourish in the information era. The present research was add to the expanding body of literature on the metaverse by focusing on the luxury fashion industry’s use of metaverse platforms to enhance the shopping experience for both customers and brands.

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The Strategies of Luxury Fashion Retailers in Emerging Markets: Using the Metaverse to Evaluate Customer Experiences and Brand Experiences

  • Syed Mohd Minhaj,
  • Ada Rehman,
  • Majed Helmi,
  • Mohammed Alhashem,
  • Mohammad Wasiq,
  • Mohammed Arshad Khan

摘要

The emerging market of the metaverse refers to the developing and expanding digital ecosystem where virtual spaces, augmented reality (AR), virtual reality (VR), digital economies, and interconnected online communities intersect. Delivering clients fresh experiences and bolstering brand skills are a couple of the many potential outcomes of luxury fashion’s metaverse initiatives. The expansion of virtual worlds and the prosperity of brands depend on the quality of the experiences provided to customers and brands in the metaverse. While metrics for measuring consumer and brand satisfaction in both offline and online settings have been around for a while, they haven’t been modified to fit the specifics of the metaverse just yet. Through looking at metaverse retail and branding strategies through the perspectives of high-end fashion brands, the current research aims to contribute to the growing body of literature on metaverse marketing. While the luxury fashion industry shifts towards omnichannel retail and a customer-centric strategy, the present research was show how the metaverse is impacting these businesses. An inductive, qualitative, and exploratory methodology may be required due to the character of the study subject. The qualitative data we collect shed light on how the metaverse’s fashion and luxury retail industries have developed over time by making use of cutting-edge technologies, sophisticated analytics, and immersive experiences. The metaverse is more than a fad; it heralds a revolutionary shift that will allow companies to flourish in the information era. The present research was add to the expanding body of literature on the metaverse by focusing on the luxury fashion industry’s use of metaverse platforms to enhance the shopping experience for both customers and brands.