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REFERENCES
CATEGORIES
SELECTED‚ÄàARTICLES‚ÄàOFFERING‚ÄàINTERESTING‚ÄàINSIGHTS
LAST‚ÄàUPDATED 26.08.2009
This section offers a complete list of literature used in my pa
Marketing for newly wealthy clients: Targeting the mass affluen
THE‚ÄàFUTURE‚ÄàOF‚ÄàLUXURY‚ÄàIN‚ÄàJAPAN
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Marketing strategies targeting the middle rich in India
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The “Diderot Effect,” Understanding the Six Affluent Life Style
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Louis Vuitton’s Mythic 94,3%
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Japanese Luxury Consumption
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Get (the) Rich
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Rise of the Department Store and the Aestheticization of Everyd
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Tamari, Tomoko (2006). This paper focuses on the ways in which the department store has become a key site for the constitution of Japanese modernity through the introduction of images and goods taken from the West, along with the emphasis on "Western design" and "Western taste". These new consumer spaces have become aestheticized in various ways so that we can speak of an "aestheticization" of everyday life. Yet this was also a modernizing learning process for Japanese consumers, hence a key problem was how these new experiences were to be classified and ordered into a relatively stable habitus. The rise of the department store has had an important mediating function here. Department stores not only provided new goods along with interpretations of how to use them, but also acted as theatres, as rehearsal spaces, with front and back stage areas where one can watch the performance, try out for oneself new roles. This is especially the case for women in the city, who were able to explore a new identity space with a new set of competence experiences and pleasures. In this process, the department store also provided a form of women's public sphere where they could enjoy shopping, entertainment and learning opportunities. Department stores encouraged not only a sense of luxury and theatrical settings, but also help to teach women how to assemble new tastes and styles into their lifestyle. In addition, it should be emphasized that in the Japanese case, department stores also played an important role not just as a new cultural initiative on the part of the businessmen and cultural intermediaries who invented consumer culture, but also as a political initiative on the part of the government who sought to link them to the reform of everyday life and the production of good Japanese citizens.
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ChadHa and Husband (2006)
FEATURED‚ÄàARTICLES
Miyamoto et al (2005), NRI Nomura Research Institute. The mass affluent with net financial assets worth 100 to 500 million yen will attract increased attention in the future in the market of wealthy clients in Japan. Among these wealthy clients, approaches by financial institutions are not being adequately made to the "suddenly rich" who have become abruptly rich through inheritance.
ChadHa and Husband (2006)
LATEST‚ÄàARTICLES‚ÄàAND‚ÄàNEWS
Kawaku and Ishizaka (2008), NRI Nomura Research Institute. This survey revealed actual lifestyles and mindsets relative to consumption of the middle rich who earn an annual household income of 250,000 rupees or more. The middle rich segment is expected to rapidly expand in the future.
Clast, David Marx. 94.3% of all Japanese women in their 20s own a piece of Louis Vuitton. This number was then repeated in an article by leading Asian luxury expert Radha Chadha in the FT’s newspaper supplement about the luxury business.
Kogler, Evelyn (2006). This study seeks to understand the underlying cultural and social concepts for the extensive luxury consumption in Japan. With Japan currently being the biggest market for prestige brands from the West, this study suggests a reinterpretation of existing
‘Western’ consumer theories taking into account aspects of Confucian tradition and looks
at how these cultural orientations shape the practice of prestige brand consumption in
Japan.
Marketing Interactice.com (21/07/2007). To get the attention of the rich, and the super rich you need to act like you breathe their air, live in their neighbourhoods and don't really need them anyway. Meenakshi Viswanathan looks at how to attract and keep the attention of the high net worth set and most importantly shake some of their consumer power loose.
Luxury Society, David Marx (24.01.2009). In asking the question, ‘What is luxury?’ there is no better place to turn than Japan. Despite fifteen years of economic uncertainty, the Pacific island-nation remains, for the time being, the world’s single largest market for high-end luxury goods. In recent years, however, the Japanese market’s enthusiasm for luxury has started to wane.
Luxury Society, Richard Baker (24.05.2009). Life style” is the result of a pattern of decisions made regarding how to spend, invest, give away or save time, money, attention and other scarce resources, which reflects a basic set of values. It is the organizing principle for the accumulation and signaling of social capital, i.e. wealth. What is interesting is that each of these life styles can be lived at a variety of price points. Money, in a very real sense, is not the issue. It is the pattern of choices made with the money, the time, etc.
ARTICLES
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there are profound            consequences of ignoring depth
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