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Status brand
From Wikipedia, the free encyclopedia
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Status brands are brands that, through association, inherently increase their owner's popularity in a certain community.[citation needed] Unlike luxury brands, status brands are usually available at different price points and thus are available to shoppers of various demographics.
This article needs additional citations for verification. (August 2023) |
Trendsetters determine the societal and cultural status ultimately associated with a given status brand, often disseminated nowadays through social media.[1] Trendsetters need not be famous, but media promotion often cements a brand's popularity.
Brand strategists Angelito Tan and Daniel Saynt[citation needed] 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.
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