Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun marketing The move towards more expensive
premium products.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Mumm, owned by wine and spirits group Pernod Ricard SA, is one of several companies that have been relying for several years on a "premiumization" strategy to add value to their sales by pushing more upscale champagnes and by steadily increasing the selling prices.
Champagne Makers Seek New Fizz Amelie Baubeau 2010
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Mr. Bogaert added that the "premiumization" trend of consumers trading up to more expensive brands was very much alive.
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J.P. Morgan analyst John Faucher agrees that "premiumization" should prevail in the long term, but that Brown-Forman "is seeing an acceleration in trade-down and discounting as of late."
Louisville Business News - Local Louisville News | Business First of Louisville 2010
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's underwhelming 2009 results only will fuel debate over whether that strategy, dubbed "premiumization," has had its day, another victim of the economic crisis.
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"Bethenny's hit on some megatrends with Skinnygirl that are incredibly attractive right now: premiumization, convenience, low calorie and the targeting of the female consumer," says Beam's North American president, Bill Newlands.
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For the moment, the premiumization tonic has fallen flat.
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Even so, drinks groups are unlikely to turn their backs on the premiumization effort.
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We saw a modest return to premiumization and the beginning of a recovery in the on-premise channel.
unknown title 2011
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And we think with the premiumization that's coming back, along with what we've got already out there and coming on product innovation, that we are going to be positioned to have further benefit going forward in terms of mix.
unknown title 2011
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The shift towards premiumization and a higher value/lower volume consumption pattern is set to continue but has lost momentum and is not forestalling the sales decline
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The marketing team uses the word “premiumization” to describe this part of Kit Kat’s strategy.
In Japan, the Kit Kat Isn’t Just a Chocolate. It’s an Obsession. Tejal Rao 2018
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