The New Retail Reality: Will We See More Bankruptcies?

The New Retail Reality: Will We See More Bankruptcies?

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses the shift in consumer behavior due to economic improvements, leading to disillusionment with retail choices. It highlights the challenges retailers face in providing unique experiences and the importance of digital strategies. The focus is on building customized relationships and reducing physical store presence to adapt to changing consumer preferences.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How do consumers balance their spending between material goods and experiences?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do retailers face in maintaining sales in a digital age?

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