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Marketing

Luxury brands missing out by not catering to minorities: Buzz Marketing

November 9, 2016

Affluent consumer Affluent consumer

 

By Brielle Jaekel

Multicultural millennials may have a wider range of options to bring their business to, but 95 percent of the demographic claims to be loyal to the brands they have an affinity for, according to Buzz Marketing Group.

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1 thought on “Luxury brands missing out by not catering to minorities: Buzz Marketing”

  1. Cory Tyler says:
    November 9, 2016 at 7:09 pm

    I really resonated with your findings in this article, Brielle. For years I’ve noticed that the majority of luxury marketing appears to appeal to Caucasian audiences. It’s refreshing to read that “72 percent of respondents think highly of a brand that caters directly to their demographic and prefer it.” This is encouraging and I’m hoping that luxury brands will take a vested interest in appealing to multi-ethnicities and groups.

    Variety is the spice of life, especially if millenials of various backgrounds can afford these luxury products and services.

    Thanks for taking time to research, write and make your thoughts on this subject available.

    Best,

    Cory Tyler

 
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  1. Fendi expands digital boundary with debut of first TikTok official channel
  2. How alcohol legislation is evolving with growth in wines and spirits ecommerce sales
  3. Louis Vuitton’s Virgil Abloh takes animated, virtual voyage with Message in a Bottle spring-summer 2021 collection
  4. Day's wrap: Amazon, Josie Maran, Bentley, Louis Vuitton and Careste
  5. Josie Maran cosmetics trademark case tests strategy of controlling branded product sales on Amazon
  6. Saks Fifth Avenue debuts $200-$600 meal kits for New York’s wealthy
  7. Dior promotes summer skincare in pastoral pitch for country living
  8. Can COVID-19 cool off China’s scalding sneaker market?
  9. How and why I am launching my luxury footwear brand
  10. US luxury is well positioned to recover post-crisis: Coresight
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