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CB

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Event

Description

The phenomenon of "collaborative consumption (CC)" or "sharing economy", where people coordinate acquisition and distribution of a resource for a fee or other compensation has gained tremendous popularity in recent years. The popularity of CC practice has also been observed in the fashion retail industry through two distinct forms: online fashion rental services and peer-to-peer (P2P) platforms that allow for selling and exchanging of goods. The purpose of this conceptual paper is to develop a conceptual framework for studying various motivations of consumers who collaboratively consume fashion. Drawing on extant literature, a conceptual framework incorporating utilitarian and hedonic motives, sustainability motive, and the moderating role of perceived risk on the attitude toward CC is proposed.

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Jan 1st, 12:00 AM

Development of a Conceptual Model to Explore Consumers' Motivations To Collaboratively Consume Fashion

The phenomenon of "collaborative consumption (CC)" or "sharing economy", where people coordinate acquisition and distribution of a resource for a fee or other compensation has gained tremendous popularity in recent years. The popularity of CC practice has also been observed in the fashion retail industry through two distinct forms: online fashion rental services and peer-to-peer (P2P) platforms that allow for selling and exchanging of goods. The purpose of this conceptual paper is to develop a conceptual framework for studying various motivations of consumers who collaboratively consume fashion. Drawing on extant literature, a conceptual framework incorporating utilitarian and hedonic motives, sustainability motive, and the moderating role of perceived risk on the attitude toward CC is proposed.

 

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