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As good as new – valuing fashion brands in the online second-hand markets

Jenniina Sihvonen (Department of Marketing, University of Vaasa, Vaasa, Finland)
Linda Lisa Maria Turunen (Department of Marketing, University of Vaasa, Vaasa, Finland)

Journal of Product & Brand Management

ISSN: 1061-0421

Article publication date: 16 May 2016

6193

Abstract

Purpose

Brand management and marketing have focused on brand-new goods, thus largely neglecting the emergence of markets for used products. This study sheds light on how consumers determine the perceived value of fashion brands in online flea markets. In addition, this study aims to illustrate how fashion brands are perceived when sold second-hand in Facebook flea markets.

Design/methodology/approach

Empirical data, consisting of internet discussions, were collected for this study from seven Facebook flea market forums between Fall 2014 and Fall 2015. The discussions were analyzed by means of qualitative content analysis.

Findings

In the context of flea markets, the perceived value is negotiated and evaluated through six antecedents: perceived quality, price, design, origin, authenticity and brand availability. Not surprisingly, price and quality appear as focal aspects when determining the value of a used brand in second-hand markets. However, the aspects of availability, origin and design complicate the considerations of the perceived value and can distinguish between different flea markets for fashion brands. In online second-hand markets for fashion brands, the passing of time appears to be an important factor grounding the consumers’ considerations of the perceived value.

Originality/value

This study brings forward novel viewpoints to brand marketing by discussing the formation of the consumer-perceived value in the growing field of online second-hand sales of fashion brands.

Keywords

Citation

Sihvonen, J. and Turunen, L.L.M. (2016), "As good as new – valuing fashion brands in the online second-hand markets", Journal of Product & Brand Management, Vol. 25 No. 3, pp. 285-295. https://doi.org/10.1108/JPBM-06-2015-0894

Publisher

:

Emerald Group Publishing Limited

Copyright © 2016, Emerald Group Publishing Limited

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