How to Combat Amazon's Retail Dominance

How to Combat Amazon's Retail Dominance

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses the challenges faced by physical retail due to the rise of e-commerce, particularly Amazon. It highlights the importance of the shopping experience and value shopping. The discussion includes the growth of e-commerce, store closures, and Walmart's strategy involving acquisitions and supply chain transformation. The video also covers market trends in grocery and apparel, noting the pressure on apparel brands. Finally, it identifies investment opportunities in beauty and luxury sectors, emphasizing the potential of companies like LVMH and Tiffany.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key strategy for physical retail stores to survive against online competition?

Lowering prices significantly

Focusing on the shopping experience

Expanding store locations

Reducing product variety

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Walmart's approach to integrating physical and online retail?

Reducing product lines

Bricks and clicks strategy

Closing physical stores

Focusing solely on online sales

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge faced by the apparel industry?

Limited online presence

Declining foot traffic

High production costs

Lack of innovation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector is highlighted as having potential due to innovation?

Home goods

Electronics

Beauty

Automotive

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key factor in the success of retailers like Walmart and TJ Maxx?

Everyday low prices

High-end luxury products

Limited store hours

Exclusive online deals