Research and Markets: Italy Gift Card and Incentive Card Market Databook 2021-2025: Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, Distribution Channel, Occasions - ResearchAndMarkets.com
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The Italian economy has slid into recession due to COVID-19 crisis. As per national statistics bureau ISTAT, the economy declined by a quarterly rate of 12.8% during April-June 2020 period mainly due to crash in consumer spending and investment during lockdown. The economy is 17.7% smaller than it was in the same period in 2019.
Consequently, gift card market has recorded a subdued growth in 2020. However, the Global Gift Card Survey, Q4 2020 suggests a steady bounce back in 2021. The gift card usage and spending are expected to increase over the short to medium term.
Sharp increase in China's retail sales volume during its Lunar New Year week indicates that China has become not only a linchpin of the global supply chain but also a linchpin of global consumers spending, a U.S. scholar has said.
WINNIPEG The findings and recommendations of a review into two major Manitoba Hydro projects that added billions to the province s debt will be released this week, Manitoba Premier Brian Pallister said. During a news conference on Wednesday, Pallister said former Saskatchewan premier Brad Wall will release his review of the planning and decision-making processes on the Keeyask Generating Station and the Bipole 3 Transmission line on Friday. Wall was commissioned in late 2019 by the province to conduct an investigative study of the Manitoba Hydro projects which were built by Manitoba s former NDP government. Pallister said the projects added billions to Manitoba s debt.
WINNIPEG Tiber River Naturals is facing a lawsuit from a former employee who alleges she was wrongfully dismissed because she was pregnant. In a statement of claim filed in October 2020, Deanne MacNeil the former Marketing Manager of Tiber River Naturals in Winnipeg alleges her job was suddenly and without prior notice or just cause” terminated, and she is seeking damages. MacNeil had returned to Tiber River Naturals from her first maternity leave on October 14, 2019. Later that month, she advised the company that she was expecting her second child on April 1, 2020, and was intending to take maternity leave around that time, according to the claim.
Fry’s Electronics, a favorite of tech enthusiasts, will cease operations.
A Fry’s Electronics store in Renton, Wash. The retailer blamed the shutdown on “changes in the retail industry and the challenges posed by the Covid-19 pandemic.”Credit.Ted S. Warren/Associated Press
Feb. 24, 2021
Fry’s Electronics, a big-box retailer that nurtured a generation of do-it-yourself tech fans and Silicon Valley entrepreneurs, announced on Wednesday that it was shutting down operations, effective immediately.
The company, which is based in San Jose, Calif., replaced the contents of its website with a statement that said it had ceased operations and had begun winding down. The retailer, which built a cult following on the West Coast but was unable to compete with the rise of Amazon, blamed the shutdown on “changes in the retail industry and the challenges posed by the Covid-19 pandemic.”