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http://dx.doi.org/10.7233/jksc.2014.64.4.091

Luxury Brand Consumption Values and Signal Preference Based on Cultural and Economic capital  

Lee, Minhee (Dept. of Textiles, Merchandising, and Fashion Design, Seoul National University)
Lee, Yuri (Dept. of Textiles, Merchandising, and Fashion Design, Seoul National University)
Ahn, Minyoung (Dept. of Textiles, Merchandising, and Fashion Design, Seoul National University)
Publication Information
Journal of the Korean Society of Costume / v.64, no.4, 2014 , pp. 91-105 More about this Journal
Abstract
As luxury goods market has expanded and has become more affordable, luxury consumption value has become more diversified. The purpose of this study is to classify visible characteristics of luxury consumption by the degree of logo clarity, and to explain this classification in relation to personal luxury consumption values. Also, the study utilized the concept of cultural capital, in addition to the concept of economic capital, in order to aid understanding of current new luxury consumption trend and give directions on brand signal strategies for luxury brands. In order to develop a survey that could measure an individual's cultural capital, focus group interviews, each composed of 5 women in their twenties and thirties, were conducted. Then, the survey was conducted on 230 females residing in Seoul who have purchased at least one product from a luxury brand within a year. The results suggest that luxury consumption can be explained by 'self-oriented value' and 'others-oriented value' as suggested in precedent studies. However, no significant difference was found between economic capital and these two luxury consumption values. However, the more cultural capital one possesses, the more one is likely to pursue 'self-oriented consumption value'. In studying the correlation between luxury consumption values and preference for brand signal clarity, respondents with 'self-oriented consumption value' has shown low preference towards highly visible brand logo when design and quality were equivalent. Also, respondents with 'other-oriented consumption value' has shown high preference towards highly visible brand logo.
Keywords
brand signal; conspicuous consumption; cultural capital; luxury consumption value; signal preference; symbolic consumption;
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Times Cited By KSCI : 3  (Citation Analysis)
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