Which of the following general merchandise retailers have lost market share to other retailers that provide better value at low prices and high-end store chains in the recent years?
A)Department stores
B)Discount stores
C)Specialty stores
D)Drugstores
E)Category specialists

Question

Quizplus · Accepted Answer

Department stores have lost market share to both discount stores, which offer lower prices and better value, and high-end store chains, which provide a more luxurious shopping experience. Additionally, many department stores have struggled to adapt to the rise of online shopping, further contributing to their decline in market share.

Which of the Following General Merchandise Retailers Have Lost Market