Luxury Institute Survey: Wealthy Consumers Rate Bose Corp. and Bang and Olufsen Top Luxury Audio Brands of 2007
Luxury Institute Survey: Wealthy Consumers Rate Bose Corp. and Bang and Olufsen Top Luxury Audio Brands of 2007
Mar. 23, 2007 03:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 03/23/07 -- Wealthy consumers rated Bose Corp. the most
prestigious luxury audio brand in the 2007 Luxury Brand Status Index (LBSI)
survey by the independent New York-based Luxury Institute
(www.LuxuryInstitute.com). Bang and Olufsen was a close second; Nakamichi
placed a distant third.
"Wealthy consumers tell us Bose is a leading luxury brand that
differentiates itself beyond product and is surgical about creating an
optimal customer experience," said Milton Pedraza, CEO, the Luxury
Institute. "It is no accident that Bose is also the leader in the 2007
Luxury Website Effectiveness Index (LWEI), released in January, for audio
brands. Wealthy consumers want excellent product quality, exclusivity and
optimized customer experience across all channels. Bose is a luxury brand
for all luxury marketers to emulate."
Brands rated (alphabetically) included: Acoustic Research, Advent, Bang and
Olufsen, Bose Corp., Boston Acoustics, Cambridge SoundWorks, Cerwin Vega,
Clarion, Denon, Harmon Kardon, JBL, JVC, Kenwood, Klipsch, LG, Logitech,
Marantz, McIntosh, Nakamichi, NEC, Onkyo, Panasonic, Philips, Pioneer, Polk
Audio, RCA, Samsung, Sanyo Fisher, Sharp, Sherwood, Sony, and Yamaha.
The summary results of this survey are available to members of the Luxury
Board (www.luxuryboard.com), the world's first online community for luxury
professionals, executives, and entrepreneurs.
The proprietary Luxury Brand Status Index (LBSI) survey is the only measure
of the reputation of leading brands among wealthy Americans. A national
sample of over 1,600 wealthy American consumers, with an average income of
$313K, and average net worth of $3.3 million, was surveyed online. Survey
results are weighted to match demographic and net worth profiles of the
same audience according to the latest Survey of Consumer Finances from The
Federal Reserve.
About the Luxury Institute
The Luxury Institute is the uniquely independent and impartial ratings and
research institution that is the trusted and respected voice of the high
net-worth consumer. The Institute provides a portfolio of proprietary
publications and research that guides and educates high net-worth
individuals and the companies that cater to them on leading edge trends,
high net-worth consumer rankings and ratings of luxury brands, and best
practices. The Luxury Institute also operates the Luxury Board
(www.luxuryboard.com), the world's first global, membership-based online
community for luxury goods and services executives, professionals and
entrepreneurs. To reach the Luxury Institute, please call 646-792-2669 or
go to www.luxuryinstitute.com.
Contact:
Martin Swanson
Vice President, Business Development
The Luxury Institute
(office) 914-909-6350
(cell) 914-715-3357 Email Contact www.luxuryinstitute.com
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