2011 Bain China Luxury Market Study slide image

2011 Bain China Luxury Market Study

6 With prosperity of online media, luxury brands need to proactively manage negative media exposure in China • Luxury brands getting more scrutiny from consumers and authority Luxury brands are scrutinized for quality issues, some even got penalized Increasing complaints on brands' inadequate after-sales service in China, which is often complex and time consuming - Many brands don't have customer service hotline in China "Chinese consumers used to assume that luxury brands have superior quality simply because of their big name and high price. However, consumers are becoming more aware of their legal rights in recent years." Lawyer, China Consumer Association Brands sometimes unintentionally got associated with negative publicity • Prosperity of online media facilitated broadcasting of negative events, especially those related to social tensions such as labour dispute, corruption, quality issues, etc Showing-off of luxury products often cause unprecedented public discussions and criticisms on social media "Luxury brands have been building their premium image with good quality and cultural background. But they often get associated with showing-off of wealth, which may have negative impact on them." // Industry expert Brands need to be more sensitive to media exposure risks & proactively manage PR in China Source: Literature search This information is confidential and was prepared by Bain & Company solely for the use of our client; it is not to be relied on by any 3rd party without Bain's prior written consent SHA 2011 Bain China Luxury Market Study_Media release_vf 21
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