In the era of technology, individualism and fast moving environments people are disconnected with each other and seek for more experiences than physical products. Life is about experience and people always want more. Today’s lifestyle brands are trying to deliver better, bigger and more distinct experiences to the consumers. An increasing number and variety of brands in lifestyle flourished, by the time brands realized the impact lifestyle has to consumers’ life. Polo Ralph Lauren is one of the pioneers of the lifestyle movement, giving us an aspirational representation to work with. Traditional brands are defined as a name, sign, symbol or design or even a combination of them attempting to differentiate their offerings from the competitors …show more content…
A few more examples of lifestyle brands from the existing literature include Gap, Laura Ashley, Benetton and Ralph Lauren, Abercrombie & Fitch, and Martha Stewart (Chernev et al. 2011). Also, surprisingly in the electronic industries Apple has become successfully a lifestyle brand, with some of its customers being in the point of obsession. Moreover, lifestyle brands have gained an increased share in the luxury market such as Armani, BMW, Louis Vuitton and Rolex. In my opinion an additional interesting way of building lifestyle brands is by promoting the latest trend of self-branding celebrities. Representatively examples are Gwyneth Paltrow’s lifestyle brand Goop and Jessica Alba’s The Honest Company. However, a question arises: Should we embrace lifestyle branding ? In order to give an answer to this question there are multiple aspects and consequences that should be taken into account. Brand loyalty is definitely one of them, providing tangible evidence of the success or failure of a brand in an overall relationships between the consumer and the …show more content…
Therefore, there is a high possibility of concluding in unique and contributing findings in the end of my study. Taking into consideration all the above, my research question concerns : What is the moderating effect of personality traits (Big 5) on brand loyalty of lifestyle brands? Building upon prior research on lifestyle brands, human personality traits (Big 5) and brand loyalty the research model is being tested empirically with an online survey study among Greek consumers. Academically, this study will contribute in literature enlightening the topic of lifestyle brands. Since, the research in this area has been limited to specific objectives, regarding my knowledge and investigation on the topic, findings with respect to consumers' loyalty towards lifestyle brands will provide more insights. Managerial contributions are likely to guide segmentation, targeting and position marketing strategies. Moreover, branding implications will suggest under which conditions lifestyle branding should be adopted and how consumers' personality traits can influence the levels of loyalty towards lifestyle
One particular logo that comes to mind when discussing identity and differentiation a brand and its six brand elements would be, Target. This company had created a branding through their logo, which itself speaks to many of their consumers in ways such as, savings, deals, and great random finds. Since their existence which began in 1902 and their logo was developed in 1962, the company’s logo has barely changed (Bromell & Cohn, 2013). This to me shows the company has a clear identity that has surpassed many years of changing demographics, and economic turning points.
A person bought payed more to get a product with a brand name. Even though it was more expensive, it was worth it. “Is It Worth It”, by Scholastic Scope, examines the controversy of whether it is worth to pay more for brand names. Designer brands are worth purchasing because it makes a person feel where he or she belongs. First of all, wearing brand name labels makes a person feel like he or she belongs.
In a Lippincott Brand Study that looked at the experiences of over 30,000 customers and over 1,000 brands, the general market’s perceptions of a company, taking into account the three human characteristics of authenticity, empathy, and vitality. Chick Fil A rated second highest in the restaurant
It is a film that explores the future of clothing, consisting of a set of stories about future innovations within the industry. This documentary tackles the question of fashion's future from various angles meeting with businesses and designers who present multiple yet often similar viewpoints on the future of sustainability, technology and mass production. The film answers some of the industry’s major concerns regarding topics like fast fashion, wearable technology, future washing needs and ways of making the clothing industry more sustainable. Pioneers from some of the most innovative companies such as Patagonia (Rick Ridgeway, and Vice President of Environmental Initiatives), Adidas (Matt Hymers, project manager of Team Elite), BioCouture (Suzanne Lee, founder), Studio XO (Nancy Tilbury, co-founder and director), and Yeh Group (Sophie Mather, Innovation Director) voice their opinions on this
As a young woman fashion has always appealed to me. Fashion is a form of expression through which individuals illustrate their different personalities. Inspiration for my sense of style is usually derived from Pinterest, magazines, Youtube, Instagram pages and fashion bloggers. Some of my favorite clothing brands include; Forever 21, Hollister, Free People, Nike, Reebok, Puma, American Eagle and American Apparel. Although each brand sells different styles of clothing, they all have one major similarity that is the primary reason for their success in sales and business.
Abstract The purpose of this capstone project is to illustrate ‘Chanel Brand Equity of Virtual Brand Community in Thailand’. The objectives were to demonstrate: (1) Chanel brand associations that create brand image and engagement of virtual brand community in Thailand (2) Factors that result in Chanel brand equity amongst Chanel virtual community members and non-members in Thailand. (3) Different levels of brand equity that occurs between members and non-members of Chanel virtual community in Thailand. (4)
(Dickson, 1999). Therefore, in my research, I would like to develop a better understanding of the behaviour of the consumers towards sustainable ( environmental friendly) & ethical (social) fashion products and answer the following research questions: 1) Do consumers really care about sustainability or do they feel pressured by the society to do? 2) What premiums are consumers willing to pay in order to get a sustainable piece of
The Consumption of the Kardashians Carling Hunt 500561747 Professor Jamin Pelkey TA: Michael ACS100-101 28 November 2015 The 20th century was an era of great transformation. It was the birth of department stores, automobiles and consumption durables. Advertising became a popular and effective means of promoting goods to the consumer through billboards, television, and print media. In turn, this revolutionized a modest, minimalistic way of life into a new culture of a consumeristic society (Mooers “Constructing the Consumer”). It was this revelation that sparked the gluttonous need for the ever new.
Coach’s site selection process placed its core and fashion stores I upscale shopping centers and downtown shopping areas, while flagship stores were restricted to high profile fashion districts in cities. Coach sold their products in japan in shop in shop department store locations, where in China Coach had 66 stores in 2012 up from 41 stores in 2011. • Brand & lineage: The components of the brand are created by the business itself, making brand identity the way in which a business wants consumers to perceive its brands, not necessarily how it is actually perceived. Coach’s initial lines of 2 unlined leather bags soon developed a loyal following. Over the next 40 years Coach was able to grow at a steady rate.
Brand loyalty is a focal point of interest for marketing researchers. From past research stated that loyal customers spend more than non-loyal customers in purchasing. Much of the research over the past three decades looks into consumer loyalty from two perspectives which are behavioral loyalty and attitudinal loyalty (Bandyopadhyay & Martell, 2007; Dick & Basu, 1994). Behavioral loyalty means the frequency of repeating the purchases. Which attitudinal loyalty refers to the psychological commitment that a consumer makes in the purchase, example like intentions to purchase and intentions to recommends.
The Apple brand personality glamourizes this idea of lifestyle, imagination, freedom, innovation, passion, hopes, dreams and ambitions, and power-to-the-people through the technology in its products and it hugely does this in its visual advertisements that sometimes even exaggerate the amazing experience of using technology and gaining a sense of happiness. The Apple brand personality is also about simplicity and the removal of complexity from people 's lives, people-driven product design, and about being a really humanistic company with a heartfelt connection with its customers. The Apple brand is not just intimate with its customers, it 's loved, and there is a real sense of community among users of its main product
The company’s logo and monogram being seen on their products is something which is easily recognized by every customer. It is not only well known but has a rich history. Louis Vuitton is known globally and has a strong image in Singapore, China, Hong Kong and Japan which are leading financial hubs and individuals with high net worth. Largest luxury brand with exclusivity Traditional craftsmanship is not compromised by Louis Vuitton as these products are made to fine details and of exquisite material, discount and promotion does not happen and defective products are disposed immediately as written in their policy. Louis Vuitton products are highly priced due to superior quality, degree of scarcity and exclusivity.
Other reviews by (De Chernatony and Mc William 1990; Caldwell and Freire, 2004; De Chernatony, 2010) suggest brand definitions based on emotional and rational factors, indeed most definitions embrace this approach in some ways (Hart and Murphy, 1998). A brand is multidimensional constructs whereby managers augment products or services with values and this facilitates the process by which consumers confidently recognise and appreciate these values (De Chanatony et al
Giorgio Armani: By having brand ambassadors who symbolize an elite group, it is apparent that the product range too caters to a class with a good amount of disposable income. It would probably involve itself in more endorsements by people who can trigger an aspirational lifestyle. Moreover it would also actively involved in diversification. d. Yves Saint Laurent: This caters to the everyday needs of an urban, fashion conscious and bold woman.
3. Literature Review • Brand Image Brand image is the variable which enforce a consumer for finding difference between brand and its competitors. Brand image consist of expectations, impressions and beliefs that a person holds about brand. The overall perception of consumer about quality and service can be created by brand image. Brand image is nothing but organization character.