CRS announces virtual Collegiate Competition

Each year the Council for Retail and Sales hosts one to two collegiate challenges.  The Spring 2020 collegiate case challenge (Powered by Clemens) was postponed to the Fall semester due to the pandemic.

 

A few faculty got together and decided to have a new challenge that focuses on how retailers can adapt to the economic landscape in light of the COVID-19 pandemic.

Important Dates:

  • April 2, 2020: Intent to participate due
  • April 15, 2020: Team Name due to Elaine Thode (CRS Program Director, ezt158@psu.edu)
  • April 23, 2020: Executive Summary and Video due by 11:59pm (save to designated folder, directions will be provided by April 16)
  • April 27, 2020: Video Conferences with judges (10 minutes/team). The schedule will be announced on April 24.

Rules

Team size:  3 to 4 people from a four-year college or university.  The team must have a faculty advisor (at least one advisor).

Two teams per campus or branch location are allowed.  If your campus has more teams, have a local competition and send the best two onward.

Choose a type of small or mid-size business enterprise (SME) on which to focus.  Ideas include:  Restaurants, Gyms, Clothing retailers, Entertainment retailers (such as sports, live entertainment venues, theatres), Convenience stores, Off-price retailers, Hardware stores, Grocery stores.

Submission consists of a 2 page (max) executive summary and a video (5 - 8 minutes).  The video will focus on recommendations for the SME on how to adapt and survive the coronavirus pandemic.  There should be no more than 10 slides in the video presentation.  All members of the team must participate in the video but not for equal amounts of time.  The videos will be available for public viewing.  By participating, individuals on your team are agreeing to the public viewing of the team video and will be asked to sign a release form.

Review Process

First round

A review of team submissions will be conducted by retail professionals.

 

Second round

The top 8 teams will be chosen.  The 8 teams will meet virtually with a team of judges for a question and answer session (10 minutes/team).

Prizes:

1st prize = $800 to be split by team

2nd prize = $300 to be split by team

Abington_1st place