Marketing mix strategy adaptation: a retail organization?s response to the global economic downturn.01 Oct 2018
The purpose of this research article was to offer recommendations to retailers concerning how to adapt their marketing programme (marketing mix strategies) to changing consumer behaviour during an economic downturn. This study used a qualitative research strategy and gathered empirical data and information from both in-depth face-to-face interviews and document analysis of a high-end retailer in South Africa. In this regard, six participants who are members of the marketing department of the retailer were interviewed. The article reported on a value strategy as a possible marketing mix strategy adaptation for comparable retailers to deal with an economic downturn.