Growth in the retail market is centered firmly in the middle market, leaving luxury retailers and discounting specialists struggling.

Question

Quizplus · Accepted Answer

Growth in the retail market is not solely centered in the middle market; both luxury retailers and discounting specialists have seen growth, especially as consumer preferences and economic conditions change. Luxury retailers benefit from high-income consumers seeking premium products, while discounting specialists attract price-sensitive shoppers looking for deals.

Growth in the Retail Market Is Centered Firmly in the Middle