as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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summit a list of challenges faced by the retail industry
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the retail industry faces challenges such as the shift to online shopping, increasing competition from online retailers and large stores, the rising costs of production, the changing customer preferences, the challenges related to data security and privacy, the need to keep up with the latest technologies, and changing regulatory requirements.
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