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- What new strategies did Best Buy undertake to reverse the steady loss of sales? Did the retail alterations take place in-store, online, or both, and why was this important How can Best Buy continue its upward trend in the coming years?How do the mall operators adapt to the challenges ofonline retailing or discount stores?Industry watchers blame the introduction of iTunes andother online music streaming sites for the overall decline ofthe retail music store. Most, however, feel that music storeswill somehow remain viable. What are some changes theseretailers could make in their merchandising, customer service,pricing, location, and other strategies to try to reinvent theirbusiness?
- What is a distribution channel outlet? As new-business salespeople, how do channel sales representatives secure new distribution channel outlets?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.What are some factors that manufacturers and retailers must manage with their retails channels going forward? Why would a retailer choose to engage in anything but multi-channel? How to multi-channel retailers track data to measure the effectiveness of their shopping experience? How can data support the multi-channel shopping experience?
- In terms of both features and non-features, what do you believe an ideal online store would need to succeed?What is Sari-Sari Store? What are strategies used to be profitable?1. Identify and describe some bases for segmenting retail markets. How would a retailer use them? 2. Although the general level of consumer satisfaction is declining, some retailers claim that this is not actually a bad sign. Why? Please explain. 3. Explain the difference between disposable and discretionary income. Which is more important to retailers? 3.