Chinese Luxury Consumers: A new rising purchasing power ——“Chinese Dama”
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Luxury consumption is more and more common in China with the rapid economic development today. Chinese consumers are becoming a main purchasing power of the fashion luxury brands.Chinese women accounted for 45 percent of Chinese luxury goods consumption at the end of 2012. There is no denying that the female Chinese consumers are playing an increasingly important role in the global luxury goods market. Chinese female luxury consumers between 30 and 50 are considered to be called Chinese Dama. The influences of this group of people on fashion luxuries market is becoming more significant. However, no research seems to have noticed the middle aged female luxury consumers group named Chinese Dama.The purpose of our research is to find out the reasons why this group of people, who are so called “Chinese Dama”, are consuming fashion luxuries. We want to define and identify this special fashion luxury consuming group. Hopefully, the findings in our thesis can inspire some fashion luxury companies to notice this new purchasing power and to come up with better sale and product strategies for Chinese Dama.A qualitative research method was developed to meet the purpose of collecting relevant data. Interviews were made with Chinese Dama we met in Gothenburg airport and a Munich fashion luxury shopping mall. We also made a content analysis on articles collected that explain the issue of who are Chinese Dama and the features and lifestyle of Chinese Dama for the empirical study.The findings of our research can provide information for marketers in the luxury market, which concludes that Chinese females have different type of attitudes and motivations including those found by other scholars and the new motivations and attitudes that were discovered in our investigation towards purchasing fashion luxuries, which are brand awareness, materialism, social comparison for attitudes and guanxi, saving face and reselling to make profit. We not only confirm common acknowledge about Chinese Dama, which is known by everyone in China, but also obtain a better understanding of Chinese Dama. We also concluded that the expression Chinese Dama is no longer appropriate.
Place, publisher, year, edition, pages
Fashion luxuries, Chinese Dama, Attitudes, Motivation.
IdentifiersURN: urn:nbn:se:hb:diva-10014OAI: oai:DiVA.org:hb-10014DiVA: diva2:937469
Subject / course
Hjelm Lidholm, Sara