The growth of specialty stores and boutiques illustrates the popularity of ________.

Question

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Specialty stores and boutiques cater to narrow segments of the market and offer a distinct and unique shopping experience. This illustrates the popularity of niche retailing, which focuses on serving specific customer needs and preferences rather than offering a broad assortment of products for the masses. Bifurcated retailing refers to the separation of retail channels into high-end and low-end segments, while mass merchandising involves selling large quantities of products at low prices through many channels. Dual channels of distribution refer to selling products through different channels, such as online and brick-and-mortar stores.

The Growth of Specialty Stores and Boutiques Illustrates the Popularity