LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

With Gen Z, millennials now the biggest ‘dupe’ shoppers, online culture has ‘flipped the script,’ analyst says

Tom Robbins by Tom Robbins
October 31, 2023
in Investing
With Gen Z, millennials now the biggest ‘dupe’ shoppers, online culture has ‘flipped the script,’ analyst says
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Aire Images | Moment | Getty Images

So-called girl math is not the only trend spurred by users on the short-form video app TikTok. “Dupes,” short for “duplicate,” are cheaper alternatives to premium or luxury consumer products, and they are increasingly popular among Gen Z and millennial shoppers and app users.

While nearly one-third of adults, 31%, have intentionally purchased a dupe of a premium product at some point, Gen Z and millennials have higher participation rates: roughly 49% and 44%, respectively, according to Morning Consult. The business intelligence company polled 2,216 U.S. adults in early October.

“The online culture of dupe shopping, accelerated by TikTok especially in the last few years, has flipped the script,” said Ellyn Briggs, brands analyst at Morning Consult.

More from Personal Finance:
Buy now, pay later or retail credit cards?
The ‘ideal booking window’ for holiday airfare is closing
Homebuyers must earn over $400,000 to afford a home here

Instead of being an indicator of lower status or considered “shameful,” dupe shopping is now “something that’s actually a prideful thing for consumers,” she added.

While shoppers may miss out on the experience luxury products provide, dupes are less expensive versions that help consumers save money and test an item before splurging on the real thing.

“Yes, a dupe can give you this sense of ‘gaming the system,'” said New York-based writer Marisa Meltzer, “but it’s not going to be the same feeling you get with an expensive product.”

Meltzer has been covering the fashion industry as a freelance writer for more than a decade and recently published her book titled “Glossy: Ambition, Beauty, and the Inside Story of Emily Weiss’s Glossier.”

A way to ‘partake in that product experience’

Unlike a counterfeit product, which tends to carry an unauthorized trademark or logo of a patented brand, dupes simply mimic certain features of more expensive products.

They also help consumers determine whether the replica is as good as the real version, said Briggs.

When shoppers were polled on the reasons they buy dupes instead of brand-name products, “money was the top answer,” said Briggs — especially for a group whose income level is relatively low.

To wit, 49% of respondents reported a household income below $50,000. Additionally, 67% of polled consumers said saving money is a major deciding factor, the report from Morning Consult found.

“It’s a way for [consumers] to partake in that product experience without having to spend a high amount of money,” Briggs said.

TikTok videos with the #dupe hashtag have racked up nearly six billion views to date, and 70% of intentional dupe shoppers have a TikTok account, the report found.

However, while discourse about dupes is strongly associated with TikTok and the shopping tendency remains prevalent for now among younger retailers, shopping for dupes could become a mainstream tendency across generations as the information becomes more accessible, Meltzer said.

In the end, it’s a personal decision for consumers, who should make an assessment of what is best or financially feasible for them, Briggs said.

“It depends how much you want it and why you want it,” added Meltzer. “I think everyone needs to find their splurge where it makes the most sense for them.”

Don’t miss these CNBC PRO stories:



Source link

You might also like

These stocks reporting earnings next week have a history of beating expectations

Stocks usually rally big after getting added to the S&P 500 index. These could be next

Micron has been on a tear. How to take profits and generate income on the chipmaker using options

Share30Tweet19
Previous Post

‘Sodl’ too soon: US gov’t missed Bitcoin gains now total $6B

Next Post

​ Hines and Peterson Group secure €80m loan for Dublin Central Plaza fit-out

Tom Robbins

Tom Robbins

Recommended For You

These stocks reporting earnings next week have a history of beating expectations
Investing

These stocks reporting earnings next week have a history of beating expectations

January 16, 2026
Stocks usually rally big after getting added to the S&P 500 index. These could be next
Investing

Stocks usually rally big after getting added to the S&P 500 index. These could be next

January 16, 2026
Micron has been on a tear. How to take profits and generate income on the chipmaker using options
Investing

Micron has been on a tear. How to take profits and generate income on the chipmaker using options

January 16, 2026
This gym stock could see a boost from increase weight-loss pill use, says Stifel
Investing

This gym stock could see a boost from increase weight-loss pill use, says Stifel

January 16, 2026
Next Post
​  Hines and Peterson Group secure €80m loan for Dublin Central Plaza fit-out

​ Hines and Peterson Group secure €80m loan for Dublin Central Plaza fit-out

Related News

Restaurant groups’ delivery sales rise 8% in February as takeaways drop again

Restaurant groups’ delivery sales rise 8% in February as takeaways drop again

March 21, 2024
Dollar flat amid market shifts and US PPI data anticipations – London Business News | London Wallet

Dollar flat amid market shifts and US PPI data anticipations – London Business News | London Wallet

August 12, 2024
US stocks face monetary policy uncertainty

US stocks face monetary policy uncertainty

April 8, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?