The Disruptor Using Big Data to Transform the Department Store

The Disruptor Using Big Data to Transform the Department Store

Assessment

Interactive Video

Business

University

Hard

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The video discusses a unique retail model where brands pay a fixed fee and a sales percentage to operate in a modular store environment. Technology plays a crucial role, with apps and cameras providing customer insights without capturing personal data. The concept of brand adjacency is emphasized, and the store's location in Plano, TX, is strategic due to market demand. The video also covers investor interest in physical retail as a solution to rising customer acquisition costs.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the relationship between brands and the store as described in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does technology play a role in enhancing the customer experience in the store?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What insights can brands gain from the data collected in the store?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How do the brands perceive the importance of their placement within the store?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is Plano, TX considered a strategic location for the brand's physical presence?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do brands face in finding suitable locations for their stores?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contribute to the rising customer acquisition costs for brands?

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