Status brand

Status brands are brands that, through association, inherently increase their owner's popularity in a certain community. Unlike luxury brands, status brands are usually available at different price points and thus are available to shoppers of various demographics.

Trendsetters determine the societal and cultural status ultimately associated with a given status brand. For example, entertainment and sports trendsetters promote status brands such as Armani, Prada, Triple 5 Soul, and Billionaire Boys Club. Trendsetters need not be famous, but media promotion often cements a brand's popularity.

Brand strategists Angelito Tan and Daniel Saynt introduced the term as a means of studying the associations between popular brands and top trendsetters. Ranging from apparel to electronics to automobiles, status brands exist across the spectrum of goods available today.

This article is issued from Wikipedia - version of the Wednesday, October 03, 2012. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.