Strong Holiday Shopping Season on Oil, Jobs: McCaughan

The video discusses the booming luxury market and mid-market savings due to lower gas prices. It highlights the impact of these savings and improved employment on consumer confidence. Thanksgiving shopping trends show a rise in mobile shopping. The importance of omni-channel retail strategies is emphasized, with Macy's expansion into Abu Dhabi as a case study. The video concludes with a discussion on market differentiation and the challenges faced by retailers like Tesco.

How do lower gas prices affect consumer spending during the holiday season?

• They have no impact on consumer spending.

• They lead to higher taxes.

• They decrease consumer spending.

• They increase consumer spending.

What is one reason for increased consumer confidence this holiday season?

• Increased taxes.

• Decreased job availability.

• Improved employment situation.

• Higher unemployment rates.

What is a significant trend in shopping behavior during Thanksgiving?

• Decrease in online shopping.

• Increase in mobile shopping.

• Increase in in-store shopping.

• Decrease in mobile shopping.

How does mobile shopping impact traditional retail stores?

• It decreases their value.

• It completely replaces them.

• It has no impact.

• It complements them as part of an omnichannel strategy.

What was one of the reasons for Macy's expansion into Abu Dhabi?

• To reduce costs.

• To capture the tourist dollar.

• To compete with local brands.

• To close stores in the US.

What was a key mistake in Tesco's strategy in the US?

• Expanding too quickly.

• Ignoring the online market.

• Competing directly with Whole Foods.

• Focusing on luxury goods.

Why are watches considered profitable for retailers?

• They are not profitable.

• They have high gross margins.

• They are easy to sell online.

• They have low production costs.