Luxury Is More Resilient Than Regular Retail, FSI's Norsa Says

Luxury Is More Resilient Than Regular Retail, FSI's Norsa Says

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses the impact of Cyber Monday on retail, highlighting the demand for bargains and sales. It explores the benefits of omni-channel shopping, where consumers can avoid queues by ordering online. The increase in sales is noted, but with a caution on reduced margins due to discounts. The resilience of the luxury and fashion sectors is examined, especially in the context of trade concerns. The video concludes with a discussion on current retail trends and challenges, emphasizing the need for fashion to adapt to new selling strategies.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What trends are emerging in online shopping compared to traditional retail?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How should fashion retailers adapt their strategies in light of recent market changes?

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