Purpose
The purpose pillar in the fashion industry refers to a brand’s dedication to a meaningful and socially responsible mission or cause that goes beyond simply creating and selling apparel. This pillar indicates a company’s commitment to making a good difference in society and the environment. The purpose pillar is an important part of a brand’s overall philosophy and strategy.
A clearly established brand Philosophy provides a feeling of purpose and direction to the brand. It explains why the brand exists, where it wants to go, and how it plans to achieve its objectives. It acts as a guide for the brand’s actions and decisions. The mission statement of a brand is its “why.” It explains why the brand exists and what challenges it hopes to tackle. A precise and well-defined mission statement provides guidance not only to the brand’s staff but also to its customers. It helps to develop a brand’s identity and answers the question, “What does this brand stand for?” This clarity is especially crucial for Gen Z consumers, who appreciate authenticity and seek companies that connect with their ideals and objectives. Bo Finneman states “They’re looking beyond tangible products and actually trying to understand what is it that makes the company tick. What’s its mission? What’s its purpose? And what is it actually trying to build for us as a society?” (Meet Generation Z: Shaping the future of Shopping, 2020, McKinsey & Company). A brand’s vision statement is its long-term aim, stating what the brand hopes to accomplish in the future. It serves as a road map for the brand’s growth and progress. As an innovative generation, Gen Z is drawn to brands that have a vision for the future and exhibit a dedication to advancement and innovation. A strong vision statement can attract Gen Z consumers by highlighting the brand’s ambition and ability to positively impact their lives and the planet. A brand’s core values are the concepts and ideals that it upholds. They direct the brand’s behaviour, decision-making, and interactions with consumers and society. Gen Z, which values authenticity and ethical business practices, seeks brands that share their beliefs. Brands with clearly defined and stated core principles can build trust and credibility with Gen Z consumers.

The mission of ASOS is to “give customers the confidence to be who they want to be.” This statement demonstrates the company’s commitment to offering a wide choice of fashion and cosmetic items that cater to individual tastes and interests. ASOS wants to give its consumers, notably Gen Z and younger customers, the ability to express their individual identities through fashion. This goal is consistent with the desire for self-expression and individuality that is commonly linked with this population.
Bibliography: