What are the strategically relevant components of the macro$-$environment for the U$.$S$.$ department store industry? What external forces

are driving change in the industry?

Select "yes" for those statements below that are accurate and choose $"$no$"$ for those that are not.

Sociocultural, technological, and economic forces are having a major impact on the U$.$S$.$ department store industry.

Consumer attitudes are shifting away from in$-$store shopping.Mall traffic has increased at the same rate of outdoor outlet malls and upscale outdoor lifestyle malls.

While the entire retail sector had enjoyed a $0\mathrm{.}7$ percent annual growth rate between $2015$ and $2020,$ the department store segment of

the retail sector had declined $11$ percent annually during those years.

Internet technologies have facilitated online and mobile transactions in the retail industry.

Regulatory influences and government policy changes have increased uncertainty and business risk in the department store industry.

$1$

The impact of driving forces from macro$-$environmental factors will continue to increase intensity of rivalry and decrease industry

profitability.

The U$.$S$.$ department store industry has become highly attractive, competitive, and profitable.