International News

Apple has managed to reopen 100 retail stores out of more than 500 worldwide, as it aims to safely restart operations. Apple closed all its retail stores outside Greater China in March as COVID-19 pandemic spread. All the Apple stores...

E-commerce is playing a critical role in the fight against COVID-19, with online retailers experiencing a flood of orders from customers confined to their homes, says GlobalData, a leading data and analytics company. GlobalData’s recent report, COVID-19 Impact on E-commerce,...

Apparel is set to be the hardest hit retail sector by the COVID-19 pandemic with the global apparel market forecast to decline 15.2 percent this year (equivalent to $297bn), says GlobalData, a leading data and analytics company. Honor Strachan, Principal...

As retailers begin to open UK stores from the beginning of June (at the earliest), they can expect to see a shift in footfall with consumers more willing to visit town centres as opposed to other shopping destinations, says...

J. C. Penney Company, Inc announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX for the ‘First Day’ motions related to the company’s voluntary Chapter 11 petitions...

The drive-in cinema is making a comeback at Mall Of The Emirates as the property and VOX Cinemas take the movie-going experience outdoors. With social distancing measures keeping traditional theatres closed for the foreseeable future, a large screen has been...

The ALDO Group Inc. announced that it sought and obtained an Initial Order pursuant to the Companies' Creditors Arrangement Act (the "CCAA") from the Superior Court of Québec (the "Court"). In addition, the company has voluntarily applied for similar protection...

Coty Inc. announced the signing of a Memorandum of Understanding (MOU) with global investment firm, KKR, for the sale of a majority in Coty’s Professional Beauty and Retail Hair business, including Wella Professionals, Clairol, OPI, and ghd brands (together...

The United Arab Emirates is forecast to be the sixth best performing market in 2020 (of the 49 countries covered by GlobalData) with spend growth remaining in positive territory significantly helped by its short lockdown period of just two...

Stage Stores, Inc. announced that the company has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company will simultaneously solicit bids for a going...

The COVID-19 lockdown and the disruption to retail is expected to wipe off ¥3.0 trillion (US$420bn) from China’s retail market in 2020, causing a 1.8 percent fall in retailer sales in 2020 over 2019. This compares with pre-COVID growth...

Brazil’s retail market is set to be one of the better performing in Latin America in 2020, growing 2.0 percent, says GlobalData, a leading data and analytics company. Amy Higginbotham, Retail Analyst at GlobalData, comments: “The COVID-19 outbreak will have...

Neiman Marcus Group LTD LLC announced that it has entered into a Restructuring Support Agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during...

As the second largest retail market in 2019 (behind China), the US is set to experience the steepest slump of all other countries this year (in terms of value) declining over US$ 200 bn versus 2019. Spend is forecast...