Sample interview questions: How do you stay informed about the competitive landscape in the retail industry?
Sample answer:
- Monitor industry publications: Subscribe to trade magazines, attend industry conferences, and read analyst reports to stay abreast of the latest trends, competitor strategies, and market developments.
- Utilize market research: Conduct market surveys, focus groups, and competitive analysis to gather insights into competitor offerings, pricing, marketing tactics, and customer sentiment.
- Attend industry events: Participate in trade shows, industry summits, and networking events to interact with competitors, learn about their strategies, and establish relationships within the industry.
- Track social media: Monitor competitor social media channels for updates on product launches, promotions, and customer engagement strategies. Use… Read full answer
Source: https://hireabo.com/job/1_0_35/Retail%20Marketing%20Manager