![]() |
| |
|---|
"In my research into the mindset of the luxury consumers, brand image plays a supporting, not a leading role in why people buy. When affluent consumers buy a luxury brand, first and foremost they want outstanding quality. Image may be a primary motivator for the 'aspirational' consumers who want to put on the trappings of a luxury life they have not yet attained, but not for the affluent shopper who has already made it."
She continues, "It is even questionable that the company's target consumers will get the brand identity message that is this commercial's primary objective. When I viewed this ad, all I had were questions, but no answers. 'What is a journey?' is the question poised in this commercial, but the answer about why I need the Louis Vuitton brand to accompany me on my journey was left unanswered."
“The Louis Vuitton company deserves kudos for taking their brand advertising into new media and for trying to engage their target customer in a new dialogue. This commercial is virtually guaranteed to win awards, but the company lost its way navigating the consumer landscape. They forgot that luxury consumers also want a product experience when they shop. When a customer buys a beautiful, new -- and very expensive -- Louis Vuitton bag, they aren’t just going on a journey, they expect a product experience of superb quality, classic style and expert workmanship. Louis Vuitton missed the mark because they forgot to tell me why their brand should be a partner on my journey," Danziger says.
Pam Danziger has prepared a white paper, entitled "The Six Myths of Luxury Branding -- How to Build a 'New Luxury' Brand," describing the challenges of the 'new luxury' branding paradigm and what luxury marketers must do to keep their brands relevant to luxury consumers. Visit here to download a copy
In addition, other white papers on critical topics to luxury marketers, such as best practices in brand loyalty programs, predictions for the 2008 luxury market and more, can be accessed by clicking here
For media: Charts, tables and graphs are available on request.
Coming Soon:
| blog comments powered by Disqus |
![]()
Par Excellence is the respected voice amidst the chatter of other women's magazine titles. In Par Excellence top female executives share information on all the topics that their counterparts crave, including networking, executive coaching, mentoring, financial planning and financial strategies for women, fashion, technology, marketing trends, family, healthy lifestyle, success strategies, diversity & inclusion and much, much more.

From the Confetti
Collection
a David Yurman bracelet
is the cornerstone of
any collector's
wardrobe
More...
Copyright © 2003-2006 Par Excellence Magazine. All rights reserved.
Privacy & Terms of Use | Site Map
![]()