In the News
Prada Changes its Marketing Mix

28th August 2016
A topical example here of a necessary change in the marketing mix to support a new marketing strategy.
The BBC reports that Prada wants to target a younger audience and connect with them online rather than continue with a strategy of open physical stores.
So Prada management have been "reviewing prices, product variety and online marketing to appeal to more customers".
Prada's global sales have stalled at around €3.1bn in each of the last three financial years and most recently have fallen by 15% in the last six months. This has been partly due to a downturn in demand from China and Italy.
Rival luxury brand Burberry has successfully repositioned itself with a lower-priced product range to appeal to new customers.
Can Prada do the same?
You might also like

Starbucks Pricing Strategy Under Attack in China
2nd November 2013
Place (Distribution) - Introduction
Study Notes
Pricing Strategies (GCSE)
Study Notes
Marketing Mix: Introduction to Promotion
Teaching PowerPoints
Divorce of ownership and control???
29th March 2017
AQA A Level Models & Theories - MCQ Practice
Quizzes & Activities
Going nuts for Nutella
26th January 2018

Nestlé's Gold Blend gambit
11th March 2018
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails