Jurnal Ekonomi
Vol. 13 No. 03 (2024): Jurnal Ekonomi, Edition July -September 2024

Marketing Strategy To Increase Market Share In The Retail Industry

Chicilia Nova Yatna (Unknown)
Yulianah Yulianah (Unknown)



Article Info

Publish Date
02 Aug 2024

Abstract

In the face of increasingly fierce competition, retail companies need to implement innovative and adaptive marketing strategies to maintain and expand their market share. This research aims to examine effective marketing strategies in increasing market share in the retail industry. This research uses a descriptive method with a qualitative approach. The research results show that market share in the retail business is crucial for company dominance and competitiveness. Companies with a large market share can attract more consumers, increase sales, and gain an advantage in price negotiations with suppliers. The increase in market share reflects success in attracting customers, increasing operational efficiency, and strengthening the image and interest of investors. As a market leader, a company can control prices, lead market trends, and innovate for sustainable growth. Factors such as competitive pricing strategies, strategic store locations, quality products, superior customer service, and innovation influence market share. By integrating these strategies, companies can maintain strong market share in a competitive retail environment, increase customer loyalty, and create long-term growth.

Copyrights © 2024






Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p. ISSNĀ 2301-6280, e. ISSNĀ 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts ...