Wal-Marts and Ferraris

Indrajit Sinha and Thomas Foscht
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Indrajit Sinha: Fox School of Business & Management of Temple University
Thomas Foscht: University of Graz

Chapter 3 in Reverse Psychology Marketing, 2007, pp 51-78 from Palgrave Macmillan

Abstract: Abstract For a number of decades, it was quite normal to find in most product categories three clearly discernible tiers of products and services. Each category had a series of items positioned at various price points within the discount segment; there was a huge selection in the middle-market segment, and a large, but not excessive, number of brands in the luxury segment. From the consumer’s point of view, there was more than an adequate quantity of products and offerings available — with new ones joining them every month or year. Within each tier, only a few products, however, really had their own autonomous profile, a distinct brand identity, so the consumers predictably lost track of things and were merely confused by all these developments. A prospective buyer saw no further point in paying more for certain higher-priced items when there were no longer any salient differences compared with less expensive ones belonging to the same tier. This three-way split, however, seems now to have disappeared.

Keywords: Private Label; Store Brand; Sweet Spot; Luxury Brand; Luxury Product (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62506-8_3

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DOI: 10.1057/9780230625068_3

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