Abstract
After outlining 10 characteristics that help to define luxury branding, we identify and discuss some of the challenges and opportunities in managing their growth trade-offs. Particular emphasis is placed on understanding brand equity measurement and brand architecture as they relate to growth strategies for luxury brands.
Similar content being viewed by others
References
For a number of practical perspectives, see the September 17, 2007 special issue of Fortune on luxury branding.
For an excellent prescriptive review of luxury branding in the fashion sector, see Okonkwo, U. (2007) Luxury Fashion Branding: Trends, Tactics, and Techniques. New York, NY: Palgrave Macmillan.
Silverstein, M. J. and Fiske, N. (2003) Trading Up: The New American Luxury. USA: Penguin Group.
Keller, K. L. and Webster Jr, F. E. (2008) Marketing Balance: Finessing Marketing Trade-Offs. Working paper, Tuck School of Business, Dartmouth College.
For a review of brand equity measurement issues, see Keller, K. L. (2006) Measuring Brand Equity. In: R. Grover and M. Vriens (eds.) Handbook of Marketing Research – Do's and Don'ts, Sage Publications, pp. 546–568.
For more information on BAV, see Gerzema, J. and Lebar, E. The Brand Bubble, forthcoming.
Young & Rubicam Brand Asset Consulting. (2005) Consumers trade up while marketers trade off. Unpublished presentation.
See Aaker, J. (1997) Dimensions of brand personality. Journal of Marketing Research 34 (August): 347–357.
Holt, D. B. (2004) How Brands Become Icons. Cambridge, MA: Harvard Business School Press.
Kahle, L. R., Poulos, B. and Sukhdial, A. (1988) Changes in social values in the United States during the past decade. Journal of Advertising Research 28(February/March): 35–41.
Boulding, W., Kalra, A., Staelin, R. and Zenithal, V. (1993) A dynamic model of service quality: From expectations to behavioral intentions. Journal of Marketing Research 30 (February): 7–27.
Galloni, A. (2005) Inside out: At Gucci, Mr. Polet's new design upends rules for high fashion. Wall Street Journal, August 9, 2005, p. A1.
Kirmani, A., Sood, S. and Bridges, S. (1999) The ownership effect in consumer responses to brand line stretches. Journal of Marketing 63 (1): 88–101.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Keller, K. Managing the growth tradeoff: Challenges and opportunities in luxury branding. J Brand Manag 16, 290–301 (2009). https://doi.org/10.1057/bm.2008.47
Received:
Revised:
Published:
Issue Date:
DOI: https://doi.org/10.1057/bm.2008.47