Retailers today can expect an increase in competition from both nonstore retailers and the introduction of new retailing formats that will change the way retailing currently occurs.

Question

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Nonstore retailers, such as online retailers, are becoming more popular and new retailing formats, such as pop-up stores and subscription services, are disrupting traditional retailing. These changes are leading to increased competition for brick-and-mortar retailers.

Retailers Today Can Expect an Increase in Competition from Both