The Value of Luxury

What does luxury value mean? What constitutes luxury, and what does not? While previous research has focused on luxury as a global business and how companies have generated, communicated and monetized luxury, this book draws on empirical research to examine how consumers understand and interact with it. It identifies the components of luxury value, as seen by consumers, and the most influential factors that shape these perceptions. Drawing on a range of disciplinary approaches, the author investigates how consumer segments differ in their perception of luxury products, and how different generations understand value. A comprehensive overview of consumer perceptions of luxury, this book is a must-read for those students and researchers interested in luxury studies.

Includes theoretical analysis of the notions of value and luxury Reveals a substantial discrepancy between the perception of value offered by companies and the actual perception of consumers Examines the complex nature of value

Autorentext

Beata St pie is Professor in the Department of International Management at the Poznä University of Economics and Business, Poland. She has published widely on consumer behaviour and multinational companies. Her recent research has focused on how value is created in new luxury markets.

Inhalt

1. Introduction .- 2. Value .- 3. Luxury supply side .- 4. Exploring luxury research scope and methodology .- 5. Consumers' perception of luxury goods value national context .- 6. Impact of socio-demographic, economic and psychographic consumer traits on luxury value perception empirical findings .- 7. Who creates value of luxury goods within the value chain? companies vs consumers' perspective.