Question
Read the passage below and identify which of the following statements (I, II, and II
- I would weaken the assertion made. Select the correct combination from the options provided. Passage: Despite the rise of e-commerce, traditional brick-and-mortar luxury retail outlets are reporting record-high quarterly profits and expansion plans. Analysts argue that the high-end retail sector is currently recession-proof, as affluent consumers continue to prioritize the personalized, in-store experience over digital convenience, and luxury brands have successfully maintained their "exclusivity" through physical boutiques. Which of the following, if true, would weaken the argument made in the above passage? I. Foot traffic in luxury shopping districts has declined by 25% compared to the previous quarter, as high-end buyers shift toward private, invite-only digital platforms. II. While profits are high, several major luxury brands have recently shuttered their flagship physical stores in key international hubs due to rising overhead costs. III. The resale market for luxury goods, which operates primarily through physical consignment shops, has seen a surge in first-time buyers this year.
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