Final answer:
Retail positioning involves various elements such as retail perception, positioning, imaging, detailing, and competitive feedback.
Step-by-step explanation:
Retail positioning is the design and implementation of a retail mix in order to create an image of the retailer within the customer's mind relative to its competitors. It involves various elements such as retail perception, positioning, imaging, detailing, and competitive feedback. Retail perception refers to how customers perceive a retailer based on factors such as quality, price, and service. Positioning involves positioning a retailer's brand and offerings in the minds of customers to differentiate it from competitors. Imaging refers to the visual and sensory elements used by retailers to create a distinct brand image. Detailing involves the process of refining the retail mix to align with the desired positioning. Competitive feedback refers to the analysis of competitors' strategies and customer feedback to make necessary adjustments to the retail mix.