Service retailers in the United States are growing faster than product retailers.

Question

Quizplus · Accepted Answer

According to recent studies and trends, service retailers such as restaurants, spas, and salons are experiencing higher growth rates than product retailers like clothing stores and electronics shops. This shift is likely due to changing consumer preferences and the rise of e-commerce, which has affected the demand for traditional brick and mortar retail stores.

Service Retailers in the United States Are Growing Faster Than