Final answer:
A retail format development growth opportunity is when a retailer creates a new retail mix for the same target market, often in response to shifts in technology and globalization.
Step-by-step explanation:
A retail format development growth opportunity is an opportunity in which a retailer develops a new retail mix for the same target market.
This can occur when market shifts, influenced by technological advances and globalization, lead to changes in consumer behavior and increased competition. Retailers may respond by innovating their retail mix, introducing new product lines, rebranding, or utilizing new sales and distribution channels to maintain or increase their market share.