While the big equity market story this year is the continuing rise of the FANGs (Facebook, Amazon, Netflix and Google) and their ability to disrupt established industries, markets have been brutal towards companies in those industries that are under attack.
No better example is the retail industry, particularly in the US where management of some of the most famous and established national brands have been slow to adapt and have seen their shares suffer significantly. ...
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'Digital transformation' of sector
Up from 14% in 2017