Rebranding a traditional industry: how fountain pens enter luxury market
Nankai Business Review International
ISSN: 2040-8749
Article publication date: 25 January 2023
Issue publication date: 15 February 2024
Abstract
Purpose
This paper aims to explore how traditional industries revert the trend of decline in sales through rebranding by analyzing the extended case study of the fountain pen industry.
Design/methodology/approach
This study analyzes the marketing in case study of the fountain pen industry through two coordinates – symbolizing status and branding nostalgia. The division of analyses in these categories is supplanted by data, such as linear regression to analyze changes in product characteristics.
Findings
This study finds that the rebranding of the fountain pen in multiple fitting images – status symbol, object of nostalgia and something scarce and unique – is successful in capturing consumer demand, shaping consumer perceptions and help the mature industry locate as well as enter a niche market.
Originality/value
To the best of the authors’ knowledge, this paper is the first one to explore the business development of traditional industry as a case study of fountain pens from the perspective of marketing and consumer behavior.
Keywords
Acknowledgements
The authors thank the anonymous referees and editors for their valuable comments that significantly contributed towards improving the quality of the paper. Especially, we wish to thank Professor Kent Dolezal of Vanderbilt University for advice and comments in earlier versions of the paper.
Citation
Li, Z. and Fan, C. (2024), "Rebranding a traditional industry: how fountain pens enter luxury market", Nankai Business Review International, Vol. 15 No. 1, pp. 153-173. https://doi.org/10.1108/NBRI-09-2022-0091
Publisher
:Emerald Publishing Limited
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