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Bite-size research for hungry minds December 2009

Nearly half have logo lust
 
28% thoroughly research luxury buys
Long live luxury: global survey
Food and drink is leading 'little luxury'
 
A third feel guilty if they treat themselves,                              topped by 66% of British women

People have an odd relationship with luxury. Some of us feel we deserve it and revel in unabashed luxury. Some indulge in it but feel they maybe should not have. Some cannot afford it, but want it. And for many, it's simply not even a consideration... the basics in life are tough enough to obtain.

Of course a recession makes luxury retail even more challenging. Selling things that people do not need (although this writer has been known to argue that those Ferragamo shoes were 100% necessary to life) during a time when many are at least morally forced to examine their spending patterns makes for interesting times.

Some luxury marketers are experiencing hard times. Others are sailing through, by knowing their markets and positioning their products just so.

This Synovate survey takes a look at luxe dreams, extravagance, indulgence and the finer things in life. What do people feel when they buy luxury? How do they treat themselves? And what is their luxury brand shopping style? We spoke with over 8,100 people across 11 very different markets.

A lingering look at luxury
But first what is luxury? Is it the feel of cashmere on your skin, the joy of time to spend as you wish, or the pleasure of showing your success in life? Well, it rather depends where you live. >>MORE


Is it for pleasure or treasure?
So what do people most enjoy about buying and owning luxury? Do they see dollar signs and brands, or simply feel fabulous, or both? >>MORE


Shopping and spending style
Once you have decided to buy luxury, do you buy on the spot, or research extensively, or land somewhere in the middle? Synovate asked people across 11 markets and the top shopping style, chosen by 28% of all respondents was, "I research every other alternative and then buy the item of best value to me". >>MORE


Luxury with all the money in the world...
Pretending for a moment that money was no object, Synovate asked people what one luxury brand item would give them the most pleasure to purchase. >>MORE


...and luxury within your means
The survey also asked about 'little' luxuries that people are most likely to purchase, finding that food and beverage luxuries topped the list. >>MORE


Guilt-edged indulgence
You could argue that luxury exists to make you feel good. But not for 32% of our respondents. >>MORE


Logo love
For many, luxury just is. You should not show a logo. For others, it's all about the logo. >>MORE

About Synovate In:fact on luxury brands
Numbers of surveyed

BR
600
CA
984
FR
507
HK
1004
IN
1021
NL
1011
ES
503
TW
1007
UAE
501
UK
500
US
501

This In:fact survey on luxury brands was conducted in October 2009 across 11 markets – Brazil, Canada, France, Hong Kong, India, Netherlands, Spain, Taiwan, the United Arab Emirates (UAE), the United Kingdom (UK) and the United States of America (US). It covered over 8,100 urban respondents.

 
 
Curiosities

Practical luxury... four in ten would buy secondhand luxury, topped by 59% in the US and 51% in the UK.

Seventy-three percent of Indians and 70% of Taiwanese love to give the gift of luxury, partly due to the obvious value.

An overall 37% look at or read about luxury brands on the brand's own website, led by 54% in the UK and 53% in the US. Shop windows still rule though (66%).

Seventy-nine percent of Indians look at or read about luxury brands via pictures of celebrities in magazines or on TV. Least likely to do this were 70% of Dutch, 65% of French and 64% of UK consumers.

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