‘Conflicted Justifiers’ – Are these the new Luxury Consumers?

Conference item


Godfrey, M and Sendler, S (2016). ‘Conflicted Justifiers’ – Are these the new Luxury Consumers? the Academy of Marketing Conference 2016: Radical Marketing, Academy of Marketing,. Newcastle 05 - 08 Jul 2016 London South Bank University.
AuthorsGodfrey, M and Sendler, S
Abstract

Luxury consumers have changed over time and with the economic changes in the 21st century where the fastest growth of annual disposable income (OECD, 2013) has been for those in the top 20% of households earning between $150,000 and $200,000 pa, the purchase drivers have also changed. An inductive qualitative study of high net worth individuals and their luxury fashion purchases confirmed changes in drivers of consumption. An identification of a number of specific segments has contributed to a proposed new praxis based model formed from VALS. This may impact upon the way luxury fashion is marketed and furthering theoretical research undertaken in this area. The research uncovers the ‘conflicted justifier’, which crosses all age and gender demographics to form a clear approach to market to these important consumers.

KeywordsMarketing; Consumer; Brand; Luxury; Guilt
Year2016
PublisherLondon South Bank University
Accepted author manuscript
License
CC BY 4.0
Publication dates
Print05 Jul 2016
Publication process dates
Deposited11 Aug 2017
Accepted17 May 2016
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https://openresearch.lsbu.ac.uk/item/87353

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