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In a recent report, the IMF said that Bitcoin “has the potential to become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money.” However, the IMF’s support is a strong vote of confidence in the digital currency.
He joined Dickies less than two years ago, but as the following Q&A attests, he has quickly become the driving force behind Dickies’ digital transformation. A: Dickies turned 100 this year and was family-owned until it was acquired in 2017 by VF Corporation.
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It’s a story retail has heard before, with relentless e-commerce competition, growing debt, and changing consumer habits putting many well-known brands in precarious positions. 2017 ended with a record 7,000 store closures (more than the Great Recession of 2007), despite robust consumer confidence and a healthy economy.
To thrive in a digital age, shopping centres and department stores have to reinvent themselves, and go beyond digital in order to stay relevant, combining bricks and clicks. That is why, in the United States alone, the number of malls quadrupled between 1970 and 2017 – but much has changed since then.
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