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Cover image for book Trading Up

Trading Up

Why Consumers Want New Luxury Goods--and How Companies Create Them
By:Michael J. Silverstein; Neil Fiske; John Butman
Publisher:Penguin US
Print ISBN:9781591840701
eText ISBN:9781440638862
Edition:0
Copyright:2008
Format:Reflowable

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Trading up isn't just for the wealthy anymore. These days no one is shocked when an administrative assistant buys silk pajamas at Victoria's Secret. Or a young professional buys only Kendall-Jackson premium wines. Or a construction worker splurges on a $3,000 set of Callaway golf clubs. In dozens of categories, these new luxury brands now sell at huge premiums over conventional goods, and in much larger volumes than traditional old luxury goods. Trading Up has become the definitive book about this growing trend.

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