Christmas Sales down due to the bad Weather

The video discusses the challenges faced by HMV and other retailers due to declining sales and competition from online platforms. HMV plans to close several stores, while other retailers like Next blame weather conditions for reduced sales. Despite these challenges, some retailers like John Lewis and Waitrose report positive sales figures. The video also highlights potential market trends, including business takeovers and the impact of economic austerity.

What was one of the main reasons for HMV's decision to close several stores?

• High employee turnover

• Expansion of product range

• Rising online competition

• Increased demand for physical stores

How did the weather affect Next's sales during the festive season?

• It boosted sales significantly

• It had no impact on sales

• It caused a decline in sales

• It led to a temporary store closure

What is one potential outcome for major businesses facing challenges in the retail sector?

• They may be absorbed by other companies

• They will all close permanently

• They will shift entirely to online sales

• They will expand their store presence

Which department store reported improved sales, possibly due to pre-VAT rise purchases?

• HMV

• Next

• Waterstones

• John Lewis

What is Waitrose planning after a successful Christmas sales period?

• Reducing store numbers

• Introducing new product lines

• Opening new shops and creating jobs

• Increasing prices