Retail Management Essay

What tooshie an nonparasitic retailer learn from this case? An independent retailer can pull several insights from this reading. First and foremost the commercialise is becoming severely competitive which means that independent retailers will take on to adapt to the environment. Adaptations such as benchmarking other retailers, pinpointing customer needs & wants, developing a long-term strategy for adaptation are to be made. It is haughty that retailers find ways to draw-in and maintain customers by changing with the market.Soft limn specialty stores have found that the recent economic downturn has scandalize the industry and in turn created intense competition for retailers to find unfermented ways to get more sales from existing customers. Some frank ideas for retailers to consider after reading this case are, repositioning old images, go on to target the youth market, and creating a life cycle of retailing whereas, when a customer out surfaces a particular brand, you ha ve another brand for the consumer to grow into. There are also many ways that our ever-advancing technology can be incorporated into retailing to aid companies in increasing revenues.