Prestige of textile brands: a comparative analysis of brand association and conspicuous consumption
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Abstract
The problem evidenced in the textile market is that consumers are attracted to luxury items (positioned brands), mainly because of the social value and symbolism associated with the brand. In this sense, consumers strive to improve their social position by engaging in conspicuous consumption to improve or exaggerate their social position in society. The objective of the work is to analyze the relationship between social class and the conspicuous consumption trend to determine the effect of the brand association according to the correlational scope. The method used was Sprott's which evaluated the brand association. The study sample was from the province of Tungurahua at the age of 26.7 years. The perception of it was tested according to the textile products of the brands RM, Etafashion, Aeropostale. The findings showed that individuals from higher social classes are more likely to engage in discrete consumption, while the middle class prefers more conspicuous (luxurious) consumption. It is concluded that the letter provides information on the motivations of consumers that lead to a luxury badge.
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