Retailers begin sales early

What is the main reason for the closure of many retail businesses as discussed in the first section?

• Increased competition from new entrants

• Poor trading conditions and reduced consumer spending

• Lack of innovation in product offerings

• High employee turnover rates

How has the retail industry evolved according to the second section?

• By increasing the number of sales staff

• By reducing the number of product lines

• By integrating online sales with physical stores

• By focusing solely on physical store expansion

Which retailers started their winter sales online on Christmas Day?

• HMV and Woolworths

• Barrett Shoes and Hawkins Bazaar

• Blacks Leisure and Lisenser

• M&S, John Lewis, and Currys

What percentage of retail sales were online in 2011?

• 15%

• 10%

• 5%

• 20%

What is a significant financial challenge for retailers mentioned in the final section?

• Increasing wages for staff

• High marketing costs

• Paying rent bills

• Expanding product lines