Mass Prestige or "Masstige."

These goods occupy a sweet spot between mass and class. While commanding a premium over conventional products, they are priced well below superpremium or old-luxury goods. An eight-ounce bottle of Bath & Body Works body lotion, for example, sells for $ 9, or $ 1.13 per ounce. That's a premium of 276% over an 11-ounce bottle of Vaseline Intensive Care, which sells for $ 3.29, or 30 cents an ounce. But it is far from being the highest-priced product in the category: An eight-ounce bottle of Kiehl's Creme de Corps, one of many superpremium skin creams, retails for $ 24, a 167% premium over the Bath & Body Works product—and many brands cost considerably more. Coach similarly positions its leather goods at prices below Gucci's, but well above those of Mossimo at Target. ...

Although masstige products in new categories have great potential, they can be attacked by products that offer similar benefits at a lower price or by premium products that deliver a greater number of genuine benefits for a small price increment. Every masstige product, therefore, is a candidate for death in the middle.
—Michael J. Silverstein, "Luxury for the Masses," Harvard Business Review, April, 2003

Of those retailers that are succeeding in the current climate, a great many of them fall under the category of "masstige" — brands and products that have high-end, prestigious characteristics but with prices and locations that make them accessible to a mass consumer audience. masstige brands have particular appeal to urban consumers, who are always striving to be trendy but aren't above a bargain. Target was one of the first to push masstige with its introduction of Mossimo and Michael Graves products. Sephora is also a great example, as it offers high-end beauty products at accessible prices in a large number of locations, many of them urban, streetfront properties. Other burgeoning masstige retailers include Kohl's and Wal-Mart.
—Richard Hodos, "Urban expansion and 'masstige' defining retail success," Real Estate Weekly, April 30, 2003

Also speaking at the conference was the Marketing Director of Procter & Gamble Cosmetics & Fragrances Division, Ann Francke. She looked at the major trends in the industry, the first of which was the rise of the "masstige" segment. By this she meant the blurring of the distinction between the prestige and mass end of the market across many elements of the marketing mix.
—"Marketing Toiletries, Cosmetics & Fragrances conference on beauty product advertising in mass media," Cosmetics International, March 10, 1996