It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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April 19, 2021 Biz in 60
MP3•Episode home
Manage episode 290525185 series 1419069
Content provided by Business in 60 Seconds and TRT World. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Business in 60 Seconds and TRT World or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Consumers stockpile $5.4T of savings since pandemic began Moody's has found that up to 5-point-4 trillion dollars has been stockpiled by consumers worldwide since the coronavirus pandemic began. That's as household incomes receive support from unprecedented government stimulus schemes designed to counter the economic downturn. The ratings agency expects a strong rebound in spending as more businesses reopen. GameStop chief executive George Sherman to step down US video-game retailer, GameStop, says its chief executive George Sherman will step down before the end of July. Sherman's departure will give incoming chair Ryan Cohen more control as he leads the company's transformation into an e-commerce business. Shares in GameStop jumped as much as 10-percent after the announcement. Shares in Trip.com rise 4.5% on Hong Kong debut Online travel agency, Trip-dot-com, has made a strong debut in Hong Kong, with shares rising more than 4-percent. The company had sold its shares at 34-point-5 dollars a piece to raise 1-point-1 billion dollars. The secondary listing is part of a wave of Wall Street- listed Chinese firms seeking a foothold in the Asian financial hub, as they face the risk of being delisted in the US.
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173 episodes
MP3•Episode home
Manage episode 290525185 series 1419069
Content provided by Business in 60 Seconds and TRT World. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Business in 60 Seconds and TRT World or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Consumers stockpile $5.4T of savings since pandemic began Moody's has found that up to 5-point-4 trillion dollars has been stockpiled by consumers worldwide since the coronavirus pandemic began. That's as household incomes receive support from unprecedented government stimulus schemes designed to counter the economic downturn. The ratings agency expects a strong rebound in spending as more businesses reopen. GameStop chief executive George Sherman to step down US video-game retailer, GameStop, says its chief executive George Sherman will step down before the end of July. Sherman's departure will give incoming chair Ryan Cohen more control as he leads the company's transformation into an e-commerce business. Shares in GameStop jumped as much as 10-percent after the announcement. Shares in Trip.com rise 4.5% on Hong Kong debut Online travel agency, Trip-dot-com, has made a strong debut in Hong Kong, with shares rising more than 4-percent. The company had sold its shares at 34-point-5 dollars a piece to raise 1-point-1 billion dollars. The secondary listing is part of a wave of Wall Street- listed Chinese firms seeking a foothold in the Asian financial hub, as they face the risk of being delisted in the US.
…
continue reading
173 episodes
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