U.S. Retail Sales Rebound in July

U.S. Retail Sales Rebound in July

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video features Cohen, a retail expert, discussing the impact of COVID-19 on consumer behavior and retail trends. He highlights the initial economic recovery due to government subsidies and the shift towards essential goods and e-commerce. Cohen predicts a prolonged impact on discretionary spending and advises retail leaders to plan strategically for a post-COVID future, emphasizing the importance of a strong balance sheet and adapting to changing consumer needs.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What long-term structural shifts in shopping behavior were highlighted in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How should fashion business leaders prepare for the future according to the insights provided?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of having a 'fortress-like balance sheet' for businesses during a crisis?

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