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An Investigation Of Customers Behavior And Subtle Luxury Market Evolution In China
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Book Synopsis An Investigation of Customers’ Behavior and Subtle Luxury Market Evolution in China by : Kelvin Molly
Download or read book An Investigation of Customers’ Behavior and Subtle Luxury Market Evolution in China written by Kelvin Molly and published by GRIN Verlag. This book was released on 2014-03-27 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2014 in the subject Business economics - Offline Marketing and Online Marketing, , language: English, abstract: The luxury brand industry in China is still growing despite the global recession. It is hard to imagine that exclusive labels were once the preserve of the European aristocracy, that a mere few decades ago these beautifully crafted pieces of clothing and accessories were perfectly for the pleasure and adornment of an oriental developing country. This report will be examining the behavior of upper middle class and subtle luxury market evolution in China with a range of finding presented. As consumers react to wider choice, faster-changing fashion, luxury brand must adjust its strategies in order to gain insights into how to be competitive in the new Chinese market. The part begins with an interview result which indicates key strategy and business opportunity in long term. This is followed by three objectives and discussion of the particular emphasis to support the aim. It also presents the methodology and an elaborate secondary research, which included relevant CSR study and an analysis of Gucci’s inhumane working condition within China market. Recommendation is able to performance finally with consideration.
Download or read book Elite China written by Pierre Xiao Lu and published by John Wiley & Sons. This book was released on 2011-12-27 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: A ground-breaking exploration of the Chinese elite's consumption of luxury products and their attitudes toward luxury goods. Elite China identifies the Chinese luxury product consumers and the characteristics of their luxury consumption, explains the implications for luxury firms and marketers and most importantly, spells out strategies for international luxury brands and Chinese luxury brands to succeed in Chinese market.
Book Synopsis International Luxury Brand Strategy by : Pierre Xiao Lu
Download or read book International Luxury Brand Strategy written by Pierre Xiao Lu and published by Routledge. This book was released on 2021-11-21 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at luxury brand management and strategy from theory to practice and presents new theoretical models and solutions for how to create and develop a worldwide luxury brand in the twenty-first century. The book gives an overview of how a luxury brand is created through the understanding and application of economic rules and through firms adopting new management models across multiple business dimensions. It also explains the application of theories and models and illustrates specific issues through case studies drawn from international markets such as China and France. The Chinese cases provide unique opportunities and insights into how these new luxury brands were created and how they have benefited from the international market over time. From the international brand management perspective, this book is a useful reference for anyone who wants to learn more about luxury brand management and to better understand how the international market has evolved and how products may change the rules of the game.
Book Synopsis China One, the Love of Luxe by : Elise Ran Wang
Download or read book China One, the Love of Luxe written by Elise Ran Wang and published by CreateSpace. This book was released on 2014-05-15 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: China One, the Love of LuxeBy Elise Ran WangAs luxury brand executives, marketers, analysts or strategists, it is very important to understand the Chinese luxury market and the Chinese luxury consumers who are driving the demand for luxury goods and leading the future direction of the luxury market. This book will provide a unique perspective through an in-depth examination of the Chinese luxury market, especially a specific group of young luxury consumers who are called the “China One,” as they are the first generation born under China's “One-Child Policy” at the beginning of China's new open-economic-environment. In "China One, the Love of Luxe" , you will learn:• The overview of global luxury market, Chinese luxury market and the consumers• The historical background of the China Ones• China Ones' value system and preference toward luxury shopping• Primary research insights towards China Ones' luxury shopping behaviors • Frameworks and strategies targeting in on the China Ones• Original segmentation development towards China One luxury consumers• Practical recommendations and future directionsCombining with an increasing usage of social media, high involvement of technology as well as a maturing value system and related behaviors toward luxury shopping, China Ones will be the most important consumer group of all the luxury brands to study in the short and the long-term future. The battlefield of luxury goods is no longer defined with geographic locations. Internet e-commerce, the trend of luxury shopping while traveling, dependent connections between areas, brands, and groups of people have taken the war into a new dimension. The competition among luxury brands has become the war of winning the heart of their consumers. In the war of leading the Chinese luxury market, winning the China Ones' hearts will ensure the victory on the battlefield at present as well as in the immediate future.
Download or read book Luxury China written by Michel Chevalier and published by John Wiley & Sons. This book was released on 2011-09-02 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to reaching and profiting from China's expanding luxury consumer class China's growing consumer base and expanding economy means more disposable income for more Chinese citizens. The Chinese market for luxury goods is expected to expand from $2 billion this year to nearly $12 billion by 2015. Today's biggest global luxury goods retailers expect China to make up a large and ever growing portion of their customers, and those businesses are responding with new stores and investments in China. Luxury China gives readers–particularly professionals in advertising, marketing, and the luxury brands industry–a deep look into the future of the Chinese luxury goods market and shows them how to tap into China's tremendous market potential.
Book Synopsis Luxury the Chinese Way by : S. Rovai
Download or read book Luxury the Chinese Way written by S. Rovai and published by Springer. This book was released on 2016-04-08 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's love for luxury is not a phenomenon brought on by the contemporary luxury market, but has been a part of Chinese culture and history for generations. The Chinese luxury industry is again re-emerging along modern cultural and socio-economic contexts, and is taking the market by storm. Luxury the Chinese Way identifies the main strengths and opportunities associated with the Chinese luxury market, explains the influence of 'Chinese characteristics' on its development and mode of operations, and reflects on the challenges associated with diverse consumption orientations. Using references from the fields and real-life data, this book provides a comprehensive overview on China's innovation in luxury, and is an important contribution to the study of the phenomenon that is the global luxury industry.
Book Synopsis The Bling Dynasty by : Erwan Rambourg
Download or read book The Bling Dynasty written by Erwan Rambourg and published by John Wiley & Sons. This book was released on 2014-10-13 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the luxury market's fate rests in Chinese wallets The media has negatively focused on the Chinese political administration clamping down on gifting. Observers have come to doubt the strength of Chinese consumption as the key driver for luxury. The Bling Dynasty illustrates how doubts about Chinese consumption are ill-founded and Chinese luxury demand is on the cusp of becoming dominant. This book contains the research and expert views companies need to understand and address the new challenges posed by this dominance. Each chapter brings a different perspective, covering complex aspects of luxury consumption, with illustrations and real-world examples that support the research. Readers will gain insights through interviews with brand executives, retailers, experts, and consumers. As an economic heavyweight, China is fast realizing its role in the luxury market. Chinese consumers should be accounting for more than a third of the global luxury market today, and half, if not more, in ten year's time. The Bling Dynasty runs counter to the conventional wisdom that expanding sectors become more global. Luxury is actually becoming over-dependent on Chinese sales. Readers will: Understand how Western brands developed in Asia and the challenges they are met with, notably ubiquity Learn why Chinese are purchasing luxury items abroad and what it means for the future of the sector Gain insights on why there are no Chinese luxury brands challenging Western models Realize that Chinese consumers are becoming similar to their American peers and that luxury competition goes way beyond pre-conceptions China's big spenders are increasingly mobile and this is affecting key markets. The Bling Dynasty provides new research and a comprehensive look at the booming business of luxury and the Chinese wallet.
Book Synopsis Luxury Marketing by : Klaus-Peter Wiedmann
Download or read book Luxury Marketing written by Klaus-Peter Wiedmann and published by Springer Science & Business Media. This book was released on 2012-11-10 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: The luxury market has transformed from its traditional conspicuous consumption model to a new experiential luxury sensibility that is marked by a change in how consumers define luxury. In a global context, it is crucial to understand why consumers buy luxury, what they believe luxury is, and how their perception of luxury value impacts their buying behavior. This handbook aims to provide a holistic approach to luxury marketing with respect to the characteristics and the key challenges and opportunities of luxury brand management. Therefore, the multifaceted contributions by authors from different parts of the world will offer both a research and management perspective of luxury marketing and deliver a concentrated body of knowledge with contributions from diverse elements.
Book Synopsis Chinese Consumers and the Fashion Market by : Yingjiao Xu
Download or read book Chinese Consumers and the Fashion Market written by Yingjiao Xu and published by Springer. This book was released on 2018-03-09 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides essential insights into Chinese consumer behaviors in the growing and dynamic fashion market. With increasing consumer purchasing power, readily accessible global brands, heavy application of digital technology and social media, as well as growing awareness of environmental issues, the Chinese fashion industry faces great opportunities and challenges at the same time. The contributing authors provide observations and address issues related to middle class fashion consumption, sustainable apparel consumption, technology application in fashion retailing, and the select traditional and new industry segments in the context of China’s recent and massive economic boom. As such, the book offers an invaluable reference guide for all academics and practitioners interested in the Chinese fashion market.
Book Synopsis Chinese Local New Luxury Brands in a Digitally Empowered Era by : Hongbo Lai
Download or read book Chinese Local New Luxury Brands in a Digitally Empowered Era written by Hongbo Lai and published by Springer Nature. This book was released on 2021-05-20 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the development and trends of Chinese local luxury industry in the digital era, which brings a new round of manufacturing transformation and upgrading, as well as development opportunities. It reveals the connotation and mechanism of the new local luxury brands in China step by step by answering the questions of "what, why and how". Through the analysis of 200 + questionnaires by SPSS statistical tools and case study, the book concludes the internal mechanism and theoretical support for China to cultivate new local luxury brands. It presents an overview on the current China's local luxury industry.
Book Synopsis Effects of the co-branding strategy in the luxury industry on Chinese consumers by : Lucy Cheramy
Download or read book Effects of the co-branding strategy in the luxury industry on Chinese consumers written by Lucy Cheramy and published by . This book was released on 2014-06-27 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Luxury Marketing, Sustainability and Technology by : Park Thaichon
Download or read book Luxury Marketing, Sustainability and Technology written by Park Thaichon and published by Taylor & Francis. This book was released on 2023-06-09 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: Luxury Marketing, Sustainability and Technology explores how new technologies, sustainability, and relationship marketing impact and change the future of luxury brand management. Whilst the luxury industry is experiencing exponential growth, further research is vital to improve knowledge and understand how luxury management operates in the new age of marketing. Through a range of empirical and theoretical contributions, this book offers clear insights into relationship marketing and luxury management. It examines the growth of luxury, marketing strategies for luxury brands, advertising and communication of luxury brands, AI and disruptive technology in luxury marketing, and sustainability and pro-environmental luxury. All the chapters close with practical summaries and recommendations for businesses practice. This book is a useful reference for scholars and postgraduate researchers across luxury management and marketing, including those interested in international marketing, social media marketing, and fashion management, as well as innovation management and sustainability.
Book Synopsis A Study of Consumer Behaviour Towards International Luxury Brands in Shanghai China by : Ying Dong
Download or read book A Study of Consumer Behaviour Towards International Luxury Brands in Shanghai China written by Ying Dong and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Study of Influence of Personal Factors on Consumer Behavior in Luxury Goods in China by : Jian Shi
Download or read book A Study of Influence of Personal Factors on Consumer Behavior in Luxury Goods in China written by Jian Shi and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Consumer-Citizens of China by : Kelly Tian
Download or read book Consumer-Citizens of China written by Kelly Tian and published by . This book was released on 2013 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: A PDF version of this book is available for free in open access via www.tandfebooks.com as well as the OAPEN Library platform, www.oapen.org. It has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 3.0 license and is part of the OAPEN-UK research project. This book presents a comprehensive examination of Chinese consumer behaviour and challenges the previously dichotomous interpretation of the consumption of Western and non-Western brands in China. The dominant position is that Chinese consumers are driven by a desire to imitate the lifestyles of Westerners and thereby advance their social standing locally. The alternative is that consumers reject Western brands as a symbolic gesture of loyalty to their nation-state. Drawing from survey responses and in depth interviews with Chinese consumers in both rural and urban areas, Kelly Tian and Lily Dong find that consumers situate Western brands within select historical moments. This embellishment attaches historical meanings to Western brands in ways that render them useful in asserting preferred visions of the future China. By highlighting how Western brands are used in contests for national identity, Consumer-Citizens of China challenges the notion of the "patriot's paradox" and answers scholars' questions as to whether Chinese nationalists today allow for a Sino-Western space where the Chinese can love China without hating the West. Consumer-Citizens of China will be of interest to students and scholars of business studies, Chinese and Asian Studies and Political Science. Kelly Tian is Professor of Marketing and holds the Anderson Chair of Business at New Mexico State University. Lily Dong is Associate Professor of Marketing at the University of Alaska at Fairbanks.
Book Synopsis Luxury Product Design for the Chinese Market by : Gaoyan Shi
Download or read book Luxury Product Design for the Chinese Market written by Gaoyan Shi and published by . This book was released on 2012 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become the world's largest consumer of luxury goods. The noticeable market performance has led to many luxury companies establishing their presence in China and setting expectations for strong growth. In such a competitive environment, the companies that can build their reputation and compete against others in the Chinese market will be those who clearly understand Chinese culture. Among the numerous factors that connect to the performance of business, design is playing an important part that cannot be ignored. However, although there are indeed much research of the Chinese luxury market, most of them are from the economic angle, seldom mention the design aspect. This project studies the design strategy of luxury products for Chinese market. It is based on the research on the current overall market situation of luxury product in China and application of Chinese culture in product design, in order to explore the appropriate design principles. One popular and effective way to attract Chinese consumers is to design culture-relative goods, nevertheless, because Chinese culture is complex and subtle, foreign companies inevitably have some misunderstandings and some of their corresponding designs become confusing and undesirable. The phenomena and reasons of cultural misconception are studied in the thesis. Moreover, how to appropriately choose and utilize Chinese elements in luxury goods design is demonstrated here in detail with typical examples, since applying Chinese elements is the favorite and most frequently-used means in Chinese culture-relative design. The objective of this project is to help luxury companies understand the Chinese market better and design suitable luxury products. Both Chinese and international companies can get useful information here for the future product development.
Book Synopsis Chinese Gen Z's Knowledge Of, Attitude Toward, and Behavioral Intentions Towards Personal Luxury Fashion Goods Available Via Drop Marketing Strategies by : Ouya Huang
Download or read book Chinese Gen Z's Knowledge Of, Attitude Toward, and Behavioral Intentions Towards Personal Luxury Fashion Goods Available Via Drop Marketing Strategies written by Ouya Huang and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drop marketing strategy is now being used by an increasing number of luxury brands to attract a new generation of young consumers. Concerning luxury consumption, research has shown that Chinese shoppers have penetrated the market. Notably, starting in 2018, Gen Z consumers began to penetrate the Chinese personal luxury market. Chinese Gen Z has a purchasing power of $507 a month, while 35% of respondents said they had a steady income source, such as part-time jobs and scholarships, in addition to their parents' money (Pan, 2018). Thus, this study aims to understand Chinese Gen Z consumers' attitudes towards drop marketing and researched the key drivers for Chinese Gen Z consumers to buy drop-marketed luxury fashion products. Semi-structured interviews were conducted with 12 Chinese Gen Z consumers (born between 1997 and 2002) via email in this qualitative study. The study used thematic coding analyses to interpret data and found three major motivations for Chinese Gen Z consumers regarding luxury shopping through drop marketing: channel-driven motivations, product-driven motivations, and emotion-driven motivations. This study's findings will help fashion industries better understand Chinese Gen Z consumers' key motivations to buy personal luxury goods via drop marketing strategy and remind the academic community of the importance of drop marketing strategy in the luxury fashion industry.
