Meaning of the word upmarket in English

What does upmarket mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

upmarket

US /ˈʌp.mɑːr.kɪt/
UK /ˌʌpˈmɑː.kɪt/
"upmarket" picture

Adjective

expensive and of high quality; appealing to people with a lot of money

Example:
They are trying to make the brand more upmarket.
The store sells upmarket clothing.

Adverb

towards the more expensive or affluent sector of a market

Example:
The company is moving upmarket with its new product line.
They decided to target customers upmarket.
Antonym: