Imagine that you designed a high-end line of clothing and accessories.Which factors should you consider when choosing retail partners? Whattype of retailer would you choose as a partner? Why?
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| Imagine that you designed a high-end line of clothing and accessories. Which factors should you consider when choosing retail partners? What type of retailer would you choose as a partner? Why? |
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- What types of retailers would attract our target audience?In competing against other brick-and-mortar retailers, will Dollar General succeed or fail in the long term? Support your answer.Assuming that you are starting a car service at peoples home(home service) business, where will you sell your product and why? Will you use direct or indirect channels?
- What issues should manufacturers consider when choosing retail partnerPlease provide critique and reaction to discussion below. Describe The Industry (Retail) The retail industry involves selling goods and services to consumers, both in physical stores and online. It is an industry with various products, different ways of selling, and a strong focus on what customers want. Retailers deal with seasonal changes based on certain holidays and often operate globally. Recently, there's been a big shift to online shopping, a push for shopping from home and having it delivered to customers’ homes. Describe The Changing Aspect of The Retail Industry The retail industry is facing changes, mainly by the expansion of e-commerce. Traditional brick-and-mortar stores are facing the challenge of adapting to the digital space, where consumers prefer the convenience of online shopping. This shift in this way of shopping is changing the retail experience, with a greater focus on omnichannel interactions. Retailers are investing heavily in enhancing their online presence,…Who are Limited-service retailers?
- In a small group, present a plan for a new retail store. Who is the target market? Describe the merchandise, atmospherics, price points, services provided, location, and how you would promote your retail store. Describe how you will differentiate your store from competitors.Choose a retail business that you want to start. Where do you want to start? Who are your target customers? What are the goals of your business? Choose an ownership form and the type of retailer. What value added services would you provide to your customers?