The Impact of Marketing Strategy on Luxury Image and Consumer Loyalty: An Example of Hermes’ Marketing Activities in China from 2023 to 2024

As a top luxury brand, Hermes’ unique marketing approach in China, including adding and refurbishment physical stores, online marketing and strict control of distribution channels, has helped to build brand image and increase customer loyalty. This study utilizes a mixed research methodology, including a questionnaire survey of 46 Hermes consumers and in-depth interviews with two Hermes consumers, to explore the reasons behind Hermes’ unique marketing approach in China since 2023, its significance and its impact on brand image building as well as on consumer loyalty. The results of the survey show that 52.17% of consumers believe that Hermes is high-end. Meanwhile, 78.26% of consumers believe that they will continue to buy Hermes even if its prices are higher than its competitors, which shows that Hermes’ unique marketing strategy in China has achieved positive results in building brand image and increasing customer loyalty. The insights provided offer valuable implications for luxury brands operating in competitive markets like China.

Authors

Publication Details

Journal
Finance & Economics
Published
2024-12-31
DOI
https://doi.org/10.61173/rrj1wr91
Primary Topic
Consumer Behavior in Brand Consumption and Identification
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

The Impact of Marketing Strategy on Luxury Image and Consumer Loyalty: An Example of Hermes’ Marketing Activities in China from 2023 to 2024

Xiwen Zhang
Finance & Economics
Consumer Behavior in Brand Consumption and Identification
article

The Impact of Marketing Strategy on Luxury Image and Consumer Loyalty: An Example of Hermes’ Marketing Activities in China from 2023 to 2024

Xiwen Zhang
article en

Abstract

As a top luxury brand, Hermes’ unique marketing approach in China, including adding and refurbishment physical stores, online marketing and strict control of distribution channels, has helped to build brand image and increase customer loyalty. This study utilizes a mixed research methodology, including a questionnaire survey of 46 Hermes consumers and in-depth interviews with two Hermes consumers, to explore the reasons behind Hermes’ unique marketing approach in China since 2023, its significance and its impact on brand image building as well as on consumer loyalty. The results of the survey show that 52.17% of consumers believe that Hermes is high-end. Meanwhile, 78.26% of consumers believe that they will continue to buy Hermes even if its prices are higher than its competitors, which shows that Hermes’ unique marketing strategy in China has achieved positive results in building brand image and increasing customer loyalty. The insights provided offer valuable implications for luxury brands operating in competitive markets like China.

Finance & EconomicsVol. 1(10)
Openalex Percentile: Top 65%
Consumer Behavior in Brand Consumption and Identification
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.