Factor Influencing the purchasing behavior of luxury goods by millennials in Chennai city

Iswarya Lakshmi, S and Vetrivel, M. (2025) Factor Influencing the purchasing behavior of luxury goods by millennials in Chennai city. MSW MANAGEMENT, 35 (2). pp. 2591-2597. ISSN 1053-7899

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Abstract

of self, a process known as self-expansion, which is a strong motivational factor for developing a relationship and strengthening identification with a brand. Self-expansion appears particularly attractive for Millennials, who are at a stage of life when they seek out opportunities for self-exploration. This study examines the impact of luxury brand experiences using a sample of 264 Millennials and demonstrates how such experiences strengthen relationship quality and consumer-brand identification through self- expansion and highlights the moderating role of novelty-seeking. These findings contribute to research on luxury brands by shedding new light on consumers' motivations related to broadening their sense of selves. Luxury brands offer more than mereconspicuousorhedonic benefits; they can also represent opportunities to enlarge an individual's perspective and self- content, in contrast to some criticism of luxury consumption on moral grounds.

Item Type: Article
Subjects: Commerce > Human Resources
Domains: Commerce
Depositing User: Mr IR Admin
Date Deposited: 17 May 2026 16:48
Last Modified: 18 May 2026 07:13
URI: https://ir.vistas.ac.in/id/eprint/19907

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