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Researching and Analysing Data

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Added on  2020-06-04

Researching and Analysing Data

   Added on 2020-06-04

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TABLE OF CONTENTSINTRODUCTION:.........................................................................................................................1Main body:.......................................................................................................................................1Online shopping and high street trends.......................................................................................1Article 1 City must wake up to digital growth............................................................................1Article 2 Store closure over online firm's advantage..................................................................1Article 3 John lewis to extend online shopping empire via thousands of corner stores.............2CONCLUSION:...............................................................................................................................2REFERENCES:...............................................................................................................................3
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INTRODUCTION:Internet is becoming a place for doing business. It is providing a platform for every company toearn huge profits. . It usually means e retail where one business to buy or sell products to otherbusiness in a B2B process. Whereas high street means physically buying of product in outlets orstores of company. In this assignment research is done on growth of online shopping and itscontribution in UK's GDP (Mason, 2017). Also, how in recent times retail business is affected bytax reforms is discussed.Main body:Online shopping and high street trendsThere is a huge gap between online shopping and high street. Many high street companies arenow focused on increasing their business through internet. Customers are more attracted to shoponline due to its flexibility and more variety of products available. Moreover, customer spendingis increased in online shopping that has resulted growth of e- commerce. But majority of factorsthat affects people from shopping is physical touch of products and quality. This is affectinggrowth of online business in UK (Lyons, and Coyle, eds., 2016)Article 1 City must wake up to digital growthIt is said that digital business is the third largest contribution in world's GDP. It is because ofMNC's like google and amazon have focused their business towards digitalising the UK'seconomy. They have gained market share in retail, travel and many other sector. Klein's indexventures has raised 1 billion euros within two years in start ups. They are having 130 – 140investments in retail as well as financial sector. It has provided farmers a platform to get insuredtheir crop from bad weather. It is assumed that digital business will grow 12.4% till 2016. it issaid by klein that how Kodak was destroyed by internet so investors from doc tom boom thatoccurred in 2003 that cost them billions. In a report it was found that among 20 companies only2-3 were involved in doing business via digitally. Even though the government is supportingFDI to transform UK's economy (Maylor,, Blackmon, and Huemann, 2016). This is onlypossible when every business measures their digital operations. CFO and CEO are responsible
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