AMany Retail Analysts Have Begun to Question the Long-Term Viability

Essay

a.Many retail analysts have begun to question the long-term viability of the department store.According to one scenario,department stores are now out-priced by off-price chains,out-merchandised by category killer stores,and out-serviced by specialty stores.Comment on this statement.
b.How can a department store effectively compete against these forms of retail institutions? Be specific in your answer.