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Aesthetics and ephemerality: observing and preserving the luxury brand
Segal Graduate School of Business, Simon Fraser University.
2009 (English)In: California Management Review, ISSN 0008-1256, E-ISSN 2162-8564, Vol. 52, no 1, 45-66 p.Article in journal (Refereed) Published
Abstract [en]

While luxury brands are one of the most profitable and fastest growing segments of the brand pantheon, they are the least understood. There is no established definition as to what a luxury brand is; no clear understanding of the value dimensionality of luxury brands; and no rigorous conceptualization of the different types of luxury brands. They are generally treated as homogenous. Little wonder the management of these brands is shrouded in mystery. This article explores the value dimensionality of luxury brands, differentiates among luxury brands, and proposes a typology to help firms understand the managerial implications and challenges of each type. All luxury brands are not the same-they can mean different things to different people or even different things to the same people, which makes target marketing of luxury brands both difficult and important. This also means that they react differently to each other both in times of economic prosperity and in downturns. This article also explores strategies for migrating mass-market brands into luxury brand markets.

Place, publisher, year, edition, pages
2009. Vol. 52, no 1, 45-66 p.
National Category
Business Administration
Research subject
Industrial Marketing
Identifiers
URN: urn:nbn:se:ltu:diva-3732Local ID: 190e1270-cea2-11de-b769-000ea68e967bOAI: oai:DiVA.org:ltu-3732DiVA: diva2:976592
Note
Validerad; 2009; 20091111 (ysko)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2017-11-24Bibliographically approved

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CiteExportLink to record
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