Milton Pedraza

Type: Person

Name: Milton Pedraza

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Study: Web browsing among wealthy shoppers feeds foot traffic into stores

Despite the popularity of mobile and tablet shopping, research done on a traditional computer by wealthy shoppers still feeds foot traffic into brick-and-mortar stores, a new study released recently by the Luxury Institute showed. The Institute surveyed ... [Published Enterprise Innovation - May 20 2013]

Entities: Milton Pedraza, Luxury, Interaction

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Wealthy Shoppers Focus on Quality and Price as Brands Blur Lines Between Luxury and Mainstream

NEW YORK, NY -- (Marketwired) -- 05/16/13 -- What specific factors differentiate luxury brands from mainstream brands? What would happen if one type of brand expands into the other's market? These are among the questions answered by wealthy shoppers with ... [Published FinanzNachrichten.de - May 16 2013]

Entities: Luxury, Luxury Brands, Customer Relationship Management, Milton Pedraza

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Coach Inc

U.S. 2 Percenters Trade Down With Post-Recession Angst

Jennifer Prentice, a medical-equipment saleswoman in Minneapolis, once had no qualms about dropping $600 or more for Gucci purses. Now she spends $300 for Coach Inc. (COH) bags and is filling in her Burberry wardrobe with pieces from J. Crew.“The things ... [Published Bloomberg - May 15 2013]

Entities: Coach Inc, Luxury, PPR SA, Hermès International SCA

First reported May 09 2013 - Updated May 09 2013 - 1 reports

75pc of affluent consumers would buy luxury brand$s mainstream extension: Luxury Institute

Most affluent consumers will continue to purchase from a luxury brand that offers a mainstream line, according to a new report from the Luxury Institute.The quarterly Wealth Report polled wealthy consumers on their perception of luxury and mainstream ... [Published Mobile Marketer - May 09 2013]

Entities: Luxury Brands, Luxury, Milton Pedraza

First reported May 08 2013 - Updated May 08 2013 - 1 reports

Neiman Marcus

Neiman Marcus sale could build more customer-focused brand

While private equity investors of Neiman Marcus Group Inc. consider their exit strategy, a luxury retail expert predicts a move that could result in an increased emphasis on customer relations.Milton Pedraza, CEO of The Luxury Institute LLC, said he belives ... [Published Dallas Business Journal - May 08 2013]

Entities: Neiman Marcus, Milton Pedraza, The Neiman Marcus Group Inc, Luxury

First reported May 06 2013 - Updated May 06 2013 - 1 reports

Luxury brand extensions are an option

NEW YORK: A quarter of wealthy consumers would regard an extension by a luxury brand into the mainstream market as potentially damaging to its image but most would continue to buy the product in one or other of its forms, the Luxury Institute has sai ... [Published WARC - May 06 2013]

Entities: Luxury Brands, Milton Pedraza, Luxury

First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

JC Penney Company Inc

J.C. Penney Should Apologize to Customers: Pedraza

April 29 (Bloomberg) -- Milton Pedraza, CEO of the Customer Culture Institute, discusses the outlook for J.C.Penney and actions they can take to win back consumers. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg) ... [Published BusinessWeek - Apr 29 2013]

Entities: Milton Pedraza, JC Penney Company Inc, Bloomberg TV

First reported Apr 18 2013 - Updated Apr 18 2013 - 2 reports

Resonance Consultancy Releases Key Findings about U.S. Affluent Travel and Leisure in its 2013 Resonance Report

, a national study by leading global tourism consulting firm Resonance Consultancy, sheds new light on the travel and leisure habits of affluent American households.The study, conducted in conjunction with the Luxury Institute in New York, surveyed more ... [Published Digital Journal - Apr 18 2013]

Entities: Resonance, Luxury, Net Worth, Milton Pedraza, United States

Quotes

...and craftsmanship with current offerings by communicating these attributes clearly with consumers," says Luxury Institute CEO Milton Pedraza. "this enhances perceived value and alleviates price sensitivity."

Wealthy Shoppers Focus on Quality and Price as Brands Blur Lines Between Luxury and Mainstream [Published FinanzNachrichten.de - May 16 2013]

More Content

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Study: Web browsing among wealthy shoppers feed... [Published Enterprise Innovation - May 20 2013]
Wealthy Shoppers Focus on Quality and Price as ... [Published FinanzNachrichten.de - May 16 2013]
U.S. 2 Percenters Trade Down With Post-Recessio... [Published Bloomberg - May 15 2013]
75pc of affluent consumers would buy luxury bra... [Published Mobile Marketer - May 09 2013]
Android apps favour utility [Published WARC - May 08 2013]
Neiman Marcus sale could build more customer-fo... [Published Dallas Business Journal - May 08 2013]
Luxury brand extensions are an option [Published WARC - May 06 2013]
J.C. Penney Should Apologize to Customers: Pedraza [Published BusinessWeek - Apr 29 2013]
Resonance Consultancy Releases Key Findings abo... [Published Digital Journal - Apr 18 2013]
More » Resonance Consultancy Releases Key Findi... [Published Yahoo! News - Apr 18 2013]
Applying Best Practices of High-End Retail, Lux... [Published Marketwire - Breaking News Releases - Feb 12 2013]