Consumer Behavior toward Luxury Fashion Rental: A Hierarchical Motivations Approach

Abstract

<p>With the emerging New Luxury Comers and new consumerism after the recession, luxury fashion rental has been showing a great potential for speed growth. However, limited literature is existing on consumer behavior toward luxury fashion rental. Using a hierarchical Confirmatory Factor Analysis, this study conceptualized the multi-dimensional structure of consumers’ motivations toward luxury fashion rentals. Seven motivations were identified and classified as intrinsic vs. extrinsic. The results of this study can provide a great foundation for future studies on consumers’ behavior toward luxury fashion rental services.</p>