Fresh Results from Label Networks’ Hispanic Youth Culture Study ‘07 indicate that this growing demographic of 13-24-year-olds in the United States is influencing the future of fashion in youth culture in general in terms of top brands, influences, spending patterns, lifestyle traits, and trends. As the 2nd largest population group in the United States, and the fastest growing demographic of young people overall, knowing what’s taking place within this demographic is important for determining business strategies in the future. Overall, the spending patterns of this market segment on fashion, as well as denim, T-shirts, and footwear, represent a new market opportunity and provide a chance for new brands to make headway, as well as older brands to re-invent themselves with fresh, relevant strategies.
One of the first aspects that we discovered in the fashion section when looking at the Hispanic youth culture as a profile compared with other demographics is that top new brands are unexpectedly considered favorites, and the source for finding out about new brands and styles is greatly influenced from Streets compared with Stores, Magazines, and other aspects. Stores generally are not as influential—one reason being that many young people do not think that the stores represent their lifestyle. In addition, the Internet plays heavily as a main source among younger demographics: 15-17-year-olds have the highest percentages that name the Internet as their key source of finding out about new fashion brands and styles, which then decreases among 18-20-year-olds, and even lower among 21-24-year-olds.
The mix of mainstream brands, authentic older brands, music-inspired brands, and top sports and action sports-inspired apparel brands in the most-favorite fashion brand category is interesting to note. As revealed in our overall North American Youth Culture Study, the association with music and apparel is clearly one of the top influences in favorite brands. (Top brands and additional information is available for subscribers of the North American Youth Culture Study ’07 package). However top action-sports inspired apparel brands tend to be higher among females than males.
Interestingly, the brand name is not as influential in terms of buying a specific brand among Hispanic youth culture as aspects such as style, comfort, and fit. By gender, the greatest differences are that females seek original style, quantified by much higher percentages in terms of why a brand is their favorite, compared with males. Original style among males is important, but important if others in their group are wearing the “original style” also.