Christmas Sales down due to the bad Weather

Christmas Sales down due to the bad Weather

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses the challenges faced by HMV and other retailers due to declining sales and competition from online platforms. HMV plans to close several stores, while other retailers like Next blame weather conditions for reduced sales. Despite these challenges, some retailers like John Lewis and Waitrose report positive sales figures. The video also highlights potential market trends, including business takeovers and the impact of economic austerity.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the main reasons for HMV's decision to close several stores?

High employee turnover

Expansion of product range

Rising online competition

Increased demand for physical stores

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the weather affect Next's sales during the festive season?

It boosted sales significantly

It had no impact on sales

It caused a decline in sales

It led to a temporary store closure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one potential outcome for major businesses facing challenges in the retail sector?

They may be absorbed by other companies

They will all close permanently

They will shift entirely to online sales

They will expand their store presence

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which department store reported improved sales, possibly due to pre-VAT rise purchases?

HMV

Next

Waterstones

John Lewis

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Waitrose planning after a successful Christmas sales period?

Reducing store numbers

Introducing new product lines

Opening new shops and creating jobs

Increasing prices