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1. What is the purpose of retailing? Retailing is the link between the manufacturer and the consumer 2. What is the reason for restructuring and consolidation in retailing? Many have been acquired and absorbed by other retailers or have closed due to debt, fierce competition, sourcing and inventory control problems, real estate costs, and or poor management. 3. Value directed retailing, service oriented retailing, unique merchandising, entertainment, revitalization, and global expansion. Revitalization helps create a more pleasant shopping experience for shoppers. Service oriented retailing serves the need of the consumers first. 4. It makes the same merchandise is available everywhere, and regional markets lose their identity.
Approximate Word count = 378 Approximate Pages = 1.5 (250 words per page double spaced)
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