For men, or for women?
A well made pair of shoes will last far longer than a cheap pair. And a besboke pair of shoes is a treasure, more comfortable than any trainer and absolutely capable of outlasting the owner.
It matters with T-shirts, as well. It's harder these days, with online shopping driving down the bottom line, but a T-shirt made from quality fabric and good stitching will also last longer than a cheap one.
Price makes a huge difference in men's suits, as well. Again, fabric and stitching at the most basic level, but tailoring, custom, or bespoke has a massive impact on how comfortable it is, and on how good it looks.
Now, women's shoes and clothes? Maybe you're right. With fast fashion and a larger influence of branding on price, you may be right. Although, here there are exceptions. A quality jacket or overcoat - like mens' jackets - will look better and last longer than a cheap one.
Many people do pay a premium for branding alone, and there I agree with you: that's not worth it.