Coordinating Shoes and Apparel for Retailers

Coordinating shoes and apparel is beneficial for retailers as it can lead to more sales and customer satisfaction. This practice offers financial benefits and meets diverse customer needs.

Explanation:

The statement that retailers need to coordinate shoes and apparel wherever and whenever they can is true. Coordinating products can lead to better sales and more satisfied customers. For retailers, especially those in the fashion industry, it's crucial to offer coordinated sets as they can appeal to customers' needs for a complete outfit.

Moreover, the coordination of products can provide significant financial benefits. This is illustrated through the example of the two factory owners who found it profitable to coordinate their activities. Similarly, retailers could increase their revenues by coordinating their shoes and apparel.

Historically, shoemakers would measure customers' feet to create individualized products. In a modern retail context, this would be comparable to retailers offering a wide range of styles, sizes, and coordinated items to cater to the diverse needs and preferences of customers.