Brands, T-Shirts, & the Communication of Identity

Total Page:16

File Type:pdf, Size:1020Kb

Brands, T-Shirts, & the Communication of Identity Designer ID: Brands, T-shirts, & the Communication of Identity Stylés Akira, PhD Casa La Doniccé, LLC [email protected] University of Southern California Annenberg School for Communication & Journalism 2 Copyright © 2015 Casa La Doniccé, LLC www.projectdesignerid.com 3 TABLE OF CONTENTS EXECUTIVE SUMMARY ......................................................................................................... 5 OVERVIEW—THE COMMUNICATED WORLD OF FASHION AND IDENTITY ........ 6 FASHION .......................................................................................................................... 7 Luxury .................................................................................................................. 11 T-shirts ................................................................................................................. 13 Design .................................................................................................................. 13 IDENTITY ....................................................................................................................... 17 Branding and Group Identity ............................................................................... 23 BRANDING .................................................................................................................... 25 MARKET ASSESSMENT .............................................................................................. 27 Luxury and Mass Luxury ..................................................................................... 27 Dynamic Market Positioning ............................................................................... 29 Streetwear ............................................................................................................ 31 Mass-Market Makeover ....................................................................................... 32 INTERVIEWS—WHAT DO THE PROS SAY? .................................................................... 33 EXPERIMENTS DOES MAN MAKE THE BRAND OR DO CLOTHES MAKE THE MAN ...................... 39 Research Questions .......................................................................................................... 39 Method ............................................................................................................................. 40 Participant Description ......................................................................................... 40 Research Design ................................................................................................... 40 Measures .......................................................................................................................... 41 Status .................................................................................................................... 41 Consumer Status: ................................................................................................. 43 Annual Income (Socioeconomic Status) .................................................. 43 Attractiveness, Intelligence, and Coolness .............................................. 45 Brand Status: ........................................................................................................ 46 Familiarity, Innovativeness, and Quality ................................................. 48 Estimated Cost and Willingness to Pay ................................................... 49 Behavioral Economics ......................................................................................... 50 Results .............................................................................................................................. 53 Experiment 1 ........................................................................................................ 53 Interpretation ............................................................................................ 53 Experiment 2 ........................................................................................................ 53 Interpretation ............................................................................................ 53 SYNTHESIS OF FINDINGS—WHAT DOES IT ALL MEAN? .......................................... 54 CONCLUSION—WHERE DO WE GO FROM HERE? ...................................................... 63 4 Contribution ..................................................................................................................... 64 Implications ...................................................................................................................... 66 Recommendations ............................................................................................................ 67 Closing ............................................................................................................................. 69 REFERENCES ............................................................................................................................ 70 NOTES ......................................................................................................................................... 78 5 EXECUTIVE SUMMARY Project Designer ID examines how brand image and consumer identity influence one another when mediated by designer T-shirts. Specifically, it asks how changes in perceived status are likely to take place for both brands and consumers when individuals of different apparent social status are seen wearing designer T-shirts by brands from different market segments. The study used both qualitative and quantitative methods in order to provide a most complete analysis of these phenomena. STUDY 1 Study 1 involved 31 in-depth interviews with fashion industry professionals ranging from independent designers to business administrators to moguls of the trade. This research was used to establish a cultural framework for the current T-shirt market and gain insights about the value of the T-shirt as a high-stakes market commodity from an organizational perspective. It was also used to make informed decisions about the procedural methods carried out in the study that followed. STUDY 2 Study 2 (N = 1237) consisted of one pilot study (n0 = 370) and two online experiments (n1 = 495), (n2 = 372) divided into a total of 26 cells of (41 ≤ n ≤53), which examined consumer perceptions of status using designer brand T-shirts and consumer identity as the independent variables. SYNTHESIS The combined results of these studies were assessed through the use of analytical synthesis in order to make highly informed generalizations about organizational and consumer behavior as both a theoretical and practical examination of popular culture and the consumer market at large. IMPLICATIONS Real market implications for this research and its findings are determined, and recommendations are provided for organization stakeholders, particularly marketers, aiming to maximize either profits or brand equity or for those seeking to optimize the balance between the two. 6 OVERVIEW —THE COMMUNICATED WORLD OF FASHION AND IDENTITY Fashion is a cultural construct incorporating art and design, constituting a class of visual communication embedded within a complex system of social interactions. Like other cultural constructs, it determines particular aspects of the structural organization of the world we live in. Consequently it engages other forms of production and these collectively influence and are influenced by the ideological imperatives, which determine the social, political and economic modes of existence in a society. Specifically fashion determines the exposure, color, shape, physical mobility, visibility and identification of human beings as they carry out the processes of everyday life. On a societal level these factors interact with other symbolic domains of sensory stimulation to produce what McCracken (1986) termed the culturally constituted world. Moreover, this culturally constituted world is in a state of perpetual exchange with the system of philosophical principles maintained by institutional power structures, which dictate the norms and values regulating the activities of a people in a society. More directly, this simply means that the way we dress is in an endless cycle of interaction with the way we speak, the sports we play, the music we listen to, the foods we eat, the interiors of our homes, the art we value, the lessons we teach, the places we work, the technology we use, the efficiency of our production, and the architecture that provides the visual images of our landscapes, etc. (Barthes, 2004). 1 Similarly, all of these sociocultural forms are in constant negotiation with the ideas disseminated by power structures such as religious institutions, government agencies, banks, and media outlets, which—by various means—determine the philosophical reasoning as to why these many cultural components take the forms they do. That is to say, why buildings are shaped the way they are, why we eat certain foods, why we use different terminology in different settings, why wealth is distributed in a certain way, and most notably to this study, why we wear the clothes we wear, etc. This complex of social organization is important because these norms and values give us many insights as to the causation of things we observe about the material conditions of a given society’s way of life; likewise, the material conditions of life in a given society can inform us greatly about the costs and benefits of institutionally
Recommended publications
  • Charitably Chic Lynn Willis
    Philadelphia University Spring 2007 development of (PRODUCT) RED, a campaign significantly embraced by the fashion community. Companies working with Focus on . Alumni Focus on . Industry News (PRODUCT) RED donate a large percentage of their profits to the Global Fund to fight Lynn Willis Charitably Chic AIDS. For example, Emporio Armani’s line donates 40 percent of the gross profit By Sara Wetterlin and Chaisley Lussier By Kelsey Rose, Erin Satchell and Holly Ronan margin from its sales and the GAP donates Lynn Willis 50 percent. Additionally, American Express, Trends in fashion come and go, but graduated perhaps the first large company to join the fashions that promote important social from campaign, offers customers its RED card, causes are today’s “it” items. By working where one percent of a user’s purchases Philadelphia with charitable organizations, designers, University in goes toward funding AIDS research and companies and celebrities alike are jumping treatment. Motorola and Apple have also 1994 with on the bandwagon to help promote AIDS a Bachelor created red versions of their electronics and cancer awareness. that benefit the cause. The results from of Science In previous years, Ralph Lauren has the (PRODUCT) RED campaign have been in Fashion offered his time and millions of dollars to significant, with contributions totaling over Design. Willis breast cancer research and treatment, which $1.25 million in May 2006. is senior includes the establishment of health centers Despite the fashion industry’s focus on director for the disease. Now, Lauren has taken image, think about what you can do for of public his philanthropy further by lending his someone else when purchasing clothes relations Polo logo to the breast cancer cause with and other items.
    [Show full text]
  • 2Bemag Issue05.Pdf
    EDITORIAL The fifth issue of 2bemag is finally here, and so far the journey has been interesting, challenging and full of surprises, but most importantly - so rewarding! Step by step we are closer to achieving the initial idea behind 2bemag, to create a base of both readers and contributors that is as international and diverse as possible. The photographers collaborating for issue Nr. 5 are for e.g. from Austria, Sweden, France, Spain, Canada and Russia, and it gives our whole team such immense pleasure to receive and be able to publish more diverse and original work for every day that passes. The essence of 2bemag is really about, freedom of expression through the medium of photography, videography & writing and as always we invite you to collaborate with us. It is important for us to be able to give our fellow collaborators free hands to realize their dreams, and with the finished end result be able to shine the spotlight solely on the artists behind the contributions. Always feel free to contact them for new assignments, comment on their work or simply keep on following their path! We love to discover a talent – as well as we love to be discovered by a new reader. Come as you are and join us again for a new issue of 2bemag, full packed with international raw talent. Be with us 2beMag Staff e-mail: [email protected] 02 2beMag www.2bemag.com STAFF Editor in Chief JOSE GRIMM General Coordinator ROMAN AUSTIN Art Director DANI MELO Advertising EMMA WIKSTRÖM Net Working DR.
    [Show full text]
  • The Law, Culture, and Economics of Fashion
    THE LAW, CULTURE, AND ECONOMICS OF FASHION C. Scott Hemphill* & Jeannie Suk** INTRODUCTION....................................................................................................... 102! I. WHAT IS FASHION? ............................................................................................. 109! A. Status ........................................................................................................... 109! B. Zeitgeist ....................................................................................................... 111! C. Copies Versus Trends .................................................................................. 113! D. Why Promote Innovation in Fashion? ........................................................ 115! II. A MODEL OF TREND ADOPTION AND PRODUCTION ........................................... 117! A. Differentiation and Flocking ....................................................................... 118! B. Trend Adoption ............................................................................................ 120! C. Trend Production ........................................................................................ 122! III. HOW UNREGULATED COPYING THREATENS INNOVATION ............................... 124! A. Fast Fashion Copyists ................................................................................. 124! B. The Threat to Innovation ............................................................................. 128! 1. Harmful copying ..................................................................................
    [Show full text]
  • Nordstrom to Open Brand New Store at Westfield Topanga in Canoga Park, Calif
    Nordstrom to Open Brand New Store at Westfield Topanga in Canoga Park, Calif. September 26, 2006 The newly relocated store to carry the company's most comprehensive designer offering in the country SEATTLE, Sept. 26 /PRNewswire-FirstCall/ -- Nordstrom, Inc. (NYSE: JWN) will open its newly relocated store at Westfield Topanga Mall in Canoga Park, Calif., on Friday, October 6 at 10:00 a.m. The 200,000 square foot, three- level store will feature the company's most comprehensive designer offering in the country along with brand new design concepts, amenities and services. Nordstrom at Topanga will feature four designer ready-to-wear boutiques from Chanel, Valentino, Dolce & Gabbana, along with the company's first Gucci ready-to-wear boutique. The store will also feature collections from Azzaro, Badgley Mischka, Blumarine, Chloe, Calvin Klein, Derek Lam, Lanvin, Marni, Proenza Schouler, Roberto Cavalli, Vera Wang and Zac Posen. (Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO ) "Our customers have responded exceptionally well to the best product the market has to offer," said Pete Nordstrom, president of merchandising. "We've increased our designer offering in many stores across the country and, in the last year, we've made designer collections available online. We are eager to unveil our strongest comprehensive collection of designer merchandise across women's, footwear and accessories at Nordstrom Topanga." Among the designer departments on the store's second floor is a redesigned and expanded 'via C' department which includes some of the most cutting edge names in fashion including Doo.ri, Dsquared2, Jovovich-Hawk, McQ, Phillip Lim, Prada Denim and more.
    [Show full text]
  • WWD Ad-Edit Template.Indt
    NEW YORK BELSTAFF NEW BOWS COLLECTIONS YORK A FIRST LOOK AT THE TOMMY, CAROLINA, THAKOON, NEW BELSTAFF LINE, BASTIAN, THE ROW... COLLECTIONS WHICH WILL SHOW NEW YORK FASHION WEEK IN LONDON THE NEW YORK COLLECTIONS TOOK A FINAL TURN ON THE RUNWAY WITH SHOWS FROM DESIGNERS THIS WEEKEND. SUCHROLLS AS ON.RALPH PAGES LAUREN, 6 TO CALVIN 10 KLEIN, PROENZA SCHOULER AND RALPH RUCCI. PAGES 4 T0 7 PAGE 16 THINKING BIGGER PPR Aims to Triple In Size by 2020 By JOELLE DIDERICH PARIS — PPR is thinking big. François-Henri Pinault, chairman and chief execu- tive officer of the French group, hopes to triple the size of its core luxury and sport & lifestyle divisions FRIDAY, FEBRUARY 17, 2012 Q $3.00 Q WOMEN’S WEAR DAILY by the end of the decade and increase revenues to 24 billion euros, or $31.5 billion at current exchange — WWD roughly on a par with the sales posted by LVMH Moët Hennessy Louis Vuitton in 2011. Pinault revealed his ambitions for PPR, which is shedding its retail activities to focus on high-growth potential brands like Gucci, Puma and Bottega Veneta, at a press conference following the publica- tion of 2011 results that showed a record 26.4 percent Mara jump in net profit from continuing operations. “Our primary ambition is to build a group with rev- enues of at least 24 billion euros by 2020, with roughly 60 percent generated by the luxury division and 40 percent by sport & lifestyle,” Pinault said. “Our brands are powerful and have considerable Time potential for organic growth, because they are in line with the underlying consumer trends of today: self- “I wear a lot of black,” Rooney Mara fulfillment, a certain hedonism, consumers’ sense of responsibility for their choices and the convergence laughed backstage at the Calvin Klein of tastes from country to country and from generation Collection runway show on Wednesday.
    [Show full text]
  • Fashion Brand Analysis Proenza Schouler
    FASHION BRAND ANALYSIS PROENZA SCHOULER Clémence GRELIER 13th February 2014 Fashion PR Student N°14346329 Table of Content I - The Marketplace 1. Political Environment 2. Social and Cultural Environment 3. Technological Trends and Influences II - The Brand - Proenza Schouler 1. A Success Story 2. Vision and Values 3. Promotional Strategy III - The Products 1. Collections and Prices 2. Manufacturing and Distribution IV - Customers 1. The Target Audience 2. Purchase Behaviour 3. Brand Communication V - Competitors 1. Christopher Kane 2. Alexander Wang Conclusion References The Marketplace 1. Political Environment Created and sold mainly in the United States, Proenza Schouler is a young brand that was born just a bit more than ten years ago and quickly became important on the fash- ion scene. In its country of origin, the political environment hasn’t changed for decades and is unlikely to impact its business negatively. The United States are a liberal and cap- italist country, therefore, laws and regulations for fashion are not hard. Fashion is seen as a very lucrative business and designers who succeed are admired and become celeb- rities themselves. Politicians even give awards to designers and wear their designs for official ceremonies. Concerning Proenza Schouler, as they are only sold in the USA and Europe for now, the political environment is unlikely to impact their business negatively. Michelle Obama wearing Proenza Schouler Hillary Clinton presents O. De La Renta with the Founder’s Award at the 2013 CFDA Awards 2. Social and Cultural Environment In 2008, the financial crisis hit the USA and Europe pretty hard. Following this recession, a new fashion movement emerged, the ‘recessionistas’, as opposed to the ‘fashionis- tas’.
    [Show full text]
  • Fashion Frustrated: Why the Innovative Design Protection Act Is a Necessary Step in the Right Direction, but Not Quite Enough Casey E
    Brooklyn Journal of Corporate, Financial & Commercial Law Volume 7 | Issue 1 Article 9 2012 Fashion Frustrated: Why the Innovative Design Protection Act is a Necessary Step in the Right Direction, But Not Quite Enough Casey E. Callahan Follow this and additional works at: https://brooklynworks.brooklaw.edu/bjcfcl Recommended Citation Casey E. Callahan, Fashion Frustrated: Why the Innovative Design Protection Act is a Necessary Step in the Right Direction, But Not Quite Enough, 7 Brook. J. Corp. Fin. & Com. L. (2012). Available at: https://brooklynworks.brooklaw.edu/bjcfcl/vol7/iss1/9 This Note is brought to you for free and open access by the Law Journals at BrooklynWorks. It has been accepted for inclusion in Brooklyn Journal of Corporate, Financial & Commercial Law by an authorized editor of BrooklynWorks. FASHION FRUSTRATED: WHY THE INNOVATIVE DESIGN PROTECTION ACT IS A NECESSARY STEP IN THE RIGHT DIRECTION, BUT NOT QUITE ENOUGH INTRODUCTION In 2007, Proenza Schouler, headed by designers Jack McCullough and Lazaro Hernandez, released a capsule collection with Target through the store’s Go International Designer Collective.1 In 2011, Target re-released some of the items from the collection,2 an action that can certainly be attributed to the prior success of the collection itself, but also one that can be attributed to the explosive success Proenza Schouler has seen within the last several years.3 Much of this success is thanks to the PS1, a shoulder bag retailing for between $1,695 and $9,250 in its mid-range size4 that became the “It” bag of the fashion world immediately upon its release in 2008 and has yet to see any hint of a decline.5 However, in the same year, Target released a $34.99 messenger bag that looked alarmingly similar to the PS1—so similar, in fact, that it was brought to the attention of the PS1 designers, who were not very happy about it.6 Shirley Cook, CEO of Proenza Schouler, voiced their frustration by saying, “So our product is in Target right now, and then this bag comes out .
    [Show full text]
  • FALL / WINTER 2017/2018 2017. Is It Fall and Winter?
    THE FASHION GROUP FOUNDATION PRESENTS FALL / WINTER 2017/2018 TREND OVERVIEW BY MARYLOU LUTHER N E W Y O R K • LONDON • MILAN • PARIS DOLCE & GABBANA 2017. Is it Fall and Winter? Now and Next? Or a fluid season of see it/buy it and see it/wait for it? The key word is fluid, as in… Gender Fluid. As more women lead the same business lives as men, the more the clothes for those shared needs become less sex-specific. Raf Simons of Calvin Klein and Anna Sui showed men and women in identical outfits. For the first time, significant numbers of male models shared the runways with female models. Some designers showed menswear separately from women’s wear but sequentially at the same site. Transgender Fluid. Marc Jacobs and Proenza Schouler hired transgender models. Transsexuals also modeled in London, Milan and Paris. On the runways, diversity is the meme of the season. Model selections are more inclusive—not only gender fluid, but also age fluid, race fluid, size fluid, religion fluid. And Location Fluid. Philipp Plein leaves Milan for New York. Rodarte’s Kate and Laura Mulleavy leave New York for Paris. Tommy Hilfiger, Rebecca Minkoff and Rachel Comey leave New York for Los Angeles. Tom Ford returns to New York from London and Los Angeles. Given all this fluidity, you could say: This is Fashion’s Watershed Moment. The moment of Woman as Warrior—armed and ready for the battlefield. Woman in Control of Her Body—to reveal, as in the peekaboobs by Anthony Vaccarello for Yves Saint Laurent.
    [Show full text]
  • FALL / WINTER 2015/2016 Fashion Opts
    THE FASHION GROUP FOUNDATION PRESENTS FALL / WINTER 2015/2016 TREND OVERVIEW BY MARYLOU LUTHER N E W Y O R K • LONDON • MILAN • PARIS A F VANDERVOORST Fashion opts for options. It’s a season of either/or. Either a mini or maxi, she/he, tough/ tender, nice/naughty, romance/reality, minimal/maximal, crafts/technology, the ladies who lunch/the ladies who breakfast. Time-traveling sped through many decades, but the favorite destinations for many designers were the late ‘60s/early ‘70s. The mini-ed Mods were followed by mini/maxi duos. By the late ‘60s it was hip to be a hippie, a Boho in Soho, living on the fringe in fringe. Pants flared. Suede was the hide of record. Peasants and gypsies were fashion role models. Hats brimmed over. Granny boots walked the streets of Haight Ashbury. As The ‘70s proceeded, Boho was upgraded to the Rich Hippie. Velvet and lace, brocade and matelassé were the fabrics of record. Ruffled and ruffed romanticism, including latter-day Victorians, flourished. All these “Me Decade” (that’s what Tom Wolfe called The ‘70s) relics have been re-discovered, remodeled and reconfigured for fall. The ‘80s were big on big. So are numbers of today’s designers, especially Phoebe Philo of Céline, Vivienne Westwood and Andreas Melbostad of Diesel Black Gold. The unisex of The ‘60s was followed by the androgyny of The ‘80s, with Giorgio Armani leading the way. The man’s jacket became the mantle of authority for the women’s movement. Tomorrow’s she/he conjoins include tuxedo jackets with full skirts, aviator jackets with evening dresses, overalls with jeweled blouses and pinstriped blazers with shirts and fur skirts.
    [Show full text]
  • The Value Creation in Brand Public
    The value creation in brand public by [Hongwei Han, Zana Rama] [May 2018] Master’s Programme in [International Marketing & Brand Management] Supervisor: [Clara Gustafsson ] ​ Examiner: [Mats Urde ] Abstract Purpose: Brand public is a new theory developed as a brand communication on social media. The aim of this thesis is to reveal the value creation of brand public in contrast to the values created by brand community Methodology: We apply a postmodern perspective and our study is constructionistic, therefore we have selected the qualitative approach called netnography. Theoretical We draw on relevant literature on brand public, perspectives: brand communities, crowds, social status game and micro-celebrities. Empirical Our data consists of 20775 tweets in the timespan from 2017-12-01 Foundation: to 2018-04-09 in relation to the hashtag #HM. Through the tweets, we have been able to study the Twitter content in terms of hashtags, tweets and @replies. Conclusion: Supported by our findings, we have discerned that brand public is probably able to develop the connective actions. Second, we have discussed how to create crowds by means of affectivity on Twitter. Third, through relentless publics, the Twitter users can become micro-celebrity, which is marked by the number of retweets and @replies. Fourth, we have revealed the role played by brand public in the multidimensional social game on Twitter. Keywords: Brand public, brand community, crowd, affectivity, connective action, social status game, micro-celebrity. Acknowledgments This thesis was developed within the Master of Science (MSc) program in International Marketing & Brand Management 2017/2018. We would like to use this opportunity to show our gratefulness to our supervisor, Clara Gustafsson.
    [Show full text]
  • Association for Consumer Research
    ASSOCIATION FOR CONSUMER RESEARCH Labovitz School of Business & Economics, University of Minnesota Duluth, 11 E. Superior Street, Suite 210, Duluth, MN 55802 Does Power-Distance Influence Consumers’ Preference For Luxury Status Brands? Youngseon Kim, University of Texas at San Antonio, USA Yinlong Zhang, University of Texas at San Antonio, USA We test the impact of power-distance on consumers’ preference for luxury status brands. Our correlational and experimental studies show that consumers with high power-distance tend to have a stronger preference for luxury status brands than those with low power- distance. Notably, buying status belief moderates this effect. Further, this two-way interaction is stronger for consumers with a relatively lower, rather than higher, self-worth state. Mediation analyses support the status salience theory for the power-distance effect. [to cite]: Youngseon Kim and Yinlong Zhang (2011) ,"Does Power-Distance Influence Consumers’ Preference For Luxury Status Brands?", in NA - Advances in Consumer Research Volume 39, eds. Rohini Ahluwalia, Tanya L. Chartrand, and Rebecca K. Ratner, Duluth, MN : Association for Consumer Research, Pages: 511-512. [url]: http://www.acrwebsite.org/volumes/1009586/volumes/v39/NA-39 [copyright notice]: This work is copyrighted by The Association for Consumer Research. For permission to copy or use this work in whole or in part, please contact the Copyright Clearance Center at http://www.copyright.com/. Does Power-Distance Influence Consumers’ Preference for Luxury Status Brands? Youngseon Kim, University of Texas at San Antonio, USA Yinlong Zhang, University of Texas at San Antonio, USA EXTENDED ABSTRACT The compensatory consumption view provides a different pre- Consumers’ preference for luxury status brands (brands such as diction on the relationship between power-distance and luxury status Rolex or Louis Vuitton associated with social prestige and status) is brands.
    [Show full text]
  • Signaling Status with Luxury Goods: the Role of Brand Prominence
    Signaling Status with Luxury Goods: The Role of Brand Prominence Young Jee Han Joseph C. Nunes Xavier Drèze Forthcoming in Journal of Marketing July 2010 Young Jee Han is a Ph.D. student at the Marshall School of Business, University of Southern California, Los Angeles, CA 90089-0443. This research emerged as part of her dissertation. Joseph C. Nunes is Associate Professor of Marketing, Marshall School of Business, University of Southern California, Los Angeles, CA 90089-0443. Xavier Drèze is Associate Professor of Marketing, the Anderson School of Management at UCLA, Los Angeles, CA 90095-1481. Questions should be directed to Young Jee Han at [email protected], Joseph C. Nunes at [email protected], or Xavier Drèze at [email protected]. The authors would like to thank the Marketing Science Institute for their generous assistance in funding this research. We would also like to thank Claritas for providing us with data. We are indebted to Vincent Bastien, former CEO of Louis Vuitton, for the time he has spent with us critiquing our framework. 1 ABSTRACT This research introduces brand prominence, a construct reflecting the conspicuousness of a brand’s mark or logo on a product. We propose a taxonomy that assigns consumers to one of four groups based on wealth and need for status, and demonstrate how each group’s preference for conspicuously or inconspicuously branded luxury goods corresponds predictably with their desire to associate or dissociate with members of their own and other groups. Wealthy consumers low in need for status wish to associate with their own kind and pay a premium for quiet goods only they can recognize.
    [Show full text]