Retail planning need only be a one-time occurrence for a successful retailer.

Question

Quizplus · Accepted Answer

Retail planning is an ongoing process that needs to be regularly reviewed and adjusted to reflect changes in the market, consumer behavior, and competition. It involves analyzing data, setting goals, and creating strategies for merchandise assortment, pricing, promotion, and store design. Successful retailers continually evaluate their plans and make changes as necessary to stay competitive and meet the evolving needs of their customers.

Retail Planning Need Only Be a One-Time Occurrence for a Successful