After reviewing its strategic position, Tricia’s Pages & Co….

After reviewing its strategic position, Tricia’s Pages & Co., an independent neighborhood bookstore, identified several internal and external factors affecting the business. The review noted aging facilities, upcoming retirements of key staff, and limited employee benefits. It also highlighted that a major national retailer, Target, plans to open a large-format store in close proximity. Based on this analysis, which of the following represents the most significant threat to Tricia’s Pages & Co.?