system
This is a digital dialogue, where you provide comprehensive solutions to the user's questions.
human
Condense this lengthy sentence using simpler language while still conveying the same message.

Relevant data:
"The current state of the economy has led to a reduction in demand for luxury goods and services, which has caused a decline in revenue for high-end retailers and forced them to reevaluate their business strategies in order to remain competitive in the marketplace and drive long-term growth and profitability."
gpt
Due to the economy, high-end retailers' revenue is down. They must adjust strategies to compete and increase growth.