Trading up isn't just for the wealthy anymore. These days no one is shocked when an administrative assistant buys silk pajamas at Victoria's Secret. Or a young professional buys only Kendall-Jackson premium wines. Or a construction worker splurges on a $3,000 set of Callaway golf clubs.
In dozens of categories, these new luxury brands now sell at huge premiums over conventional goods, and in much larger volumes than traditional old luxury goods. Trading Up has become the definitive book about this growing trend.
Michael J. Silverstein is a senior vice president of The Boston Consulting Group and the coauthor of the business bestseller Trading Up. He works with leading companies around the world.
Neil Fiske is the former head of the Chicago office of The Boston Consulting Group and is now the CEO of Bath & Body Works.
John Butman is an established business author and journalist.
Show moreTrading up isn't just for the wealthy anymore. These days no one is shocked when an administrative assistant buys silk pajamas at Victoria's Secret. Or a young professional buys only Kendall-Jackson premium wines. Or a construction worker splurges on a $3,000 set of Callaway golf clubs.
In dozens of categories, these new luxury brands now sell at huge premiums over conventional goods, and in much larger volumes than traditional old luxury goods. Trading Up has become the definitive book about this growing trend.
Michael J. Silverstein is a senior vice president of The Boston Consulting Group and the coauthor of the business bestseller Trading Up. He works with leading companies around the world.
Neil Fiske is the former head of the Chicago office of The Boston Consulting Group and is now the CEO of Bath & Body Works.
John Butman is an established business author and journalist.
Show moreMichael J. Silverstein is a senior vice president of The Boston
Consulting Group and the coauthor of the business bestseller
Trading Up. He works with leading companies around the world.
Neil Fiske is the former head of the Chicago office of The Boston
Consulting Group and is now the CEO of Bath & Body Works.
John Butman is an established business author and journalist.
?Incredibly smart and illuminating?. packed with insights on how
shoppers think and behave.?
?David Brooks
?An upbeat survey of a range of consumer brands?Whirlpool,
Belvedere, Williams-Sonoma?which, the authors argue, are successful
because they appeal not just to the material needs of consumers but
to their emotional desires.?
?Rebecca Mead, "The New Yorker"
?Anyone who has passed a Dunkin? Donuts to duck into a Starbucks
recognizes the phenomenon. For brands that have smartly positioned
themselves, from Victoria's Secret to Williams-Sonoma, trading up
is paying off.?
?Robert Weisman, "The Boston Globe"
?"Trading Up" helps to explain an important trend and is
interesting reading as a sociological study as well as business
strategy.?
?Harvey Schachter, "The Globe and Mail"
aIncredibly smart and illuminatinga]. packed with insights on how
shoppers think and behave.a
aDavid Brooks
aAn upbeat survey of a range of consumer brandsaWhirlpool,
Belvedere, Williams-Sonomaawhich, the authors argue, are successful
because they appeal not just to the material needs of consumers but
to their emotional desires.a
aRebecca Mead, "The New Yorker"
aAnyone who has passed a Dunkina Donuts to duck into a Starbucks
recognizes the phenomenon. For brands that have smartly positioned
themselves, from Victoriaas Secret to Williams-Sonoma, trading up
is paying off.a
aRobert Weisman, "The Boston Globe"
a"Trading Up" helps to explain an important trend and is
interesting reading as a sociological study as well as business
strategy.a
?Harvey Schachter, "The Globe and Mail"
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