Asked by Kimberly Tieman on Jun 20, 2024
Verified
The term retail apocalypse refers to the massive increase in the use of technology-artificial intelligence, augmented reality, etc.-that has flooded retail applications.
Retail Apocalypse
The phenomenon of increasing closure of brick-and-mortar retail stores, particularly in the United States, attributed to various factors including the rise of online shopping.
- Understand the significance and influence of big data analytics within the retail sector.
Verified Answer
SM
Sheila MarieJun 21, 2024
Final Answer :
False
Explanation :
The term "retail apocalypse" refers to the trend of brick-and-mortar retail stores closing at an unprecedented rate, largely due to the rise of online shopping and changing consumer behaviors, not specifically the increase in technology use in retail applications.
Learning Objectives
- Understand the significance and influence of big data analytics within the retail sector.