AMany Retail Analysts Have Begun to Question the Long-Term Viability

question 50

Essay

a.Many retail analysts have begun to question the long-term viability of the department store.According to one scenario,department stores are now out-priced by off-price chains,out-merchandised by category killer stores,and out-serviced by specialty stores.Comment on this statement.
b.How can a department store effectively compete against these forms of retail institutions? Be specific in your answer.

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Definitions:

Wheelchairs

Mobility aids equipped with wheels, designed for individuals who are unable to walk or have difficulty walking.

Healthcare Products

Goods and services designed to maintain or improve health, including pharmaceuticals, medical devices, and wellness products.

Industrial Market

The sector of the economy in which businesses sell products or services to other businesses for production, not directly to consumers.

Resellers

are businesses or individuals that purchases goods for the purpose of selling them again rather than using them.