Pandemics have dramatically changed the marketing landscape for luxury brands, especially in China. Under the Chinese government's clearance policy, traditional high-traffic parties and large-scale events are no longer viable as the mainstay of luxury brand promotion. This paper explores the innovative strategies luxury brands are adopting to maintain and increase their brand position and exposure in the face of these constraints. The focus is on leveraging digital transformation, exclusive services for VIP customers, price strategy adjustments and social media engagement. The study utilizes case studies and current market analysis to demonstrate how these strategies are effective in engaging and resonating with target audiences, primarily Millennials and Generation Z. The study also demonstrates how these strategies can be adapted to meet the demands of the marketplace. The findings suggest that brands that adapt to these new channels can not only maintain but potentially increase their market position during the pandemic.
No takes yet. Share an insight, caveat, or question.
Yixuan Cao (2024) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: