International News

With the COVID-10 pandemic ravaging several industries amid poor consumer spending, global retail sales in 2020 will decline by an average of 9.6 percent, resulting in a loss of $2.1 trillion and it will take four years for retailers...

Sweden’s retail market is set to be one of the better performing in Europe in 2020, only marginally declining 0.4 percent, as it is yet to impose a lockdown (and does not plan to) in contrast to many other...

J.Crew Group, Inc. announced it has reached an agreement with its lenders holding approximately 71 percent of its term loan and approximately 78 percent of its IPCo Notes, as well as with its financial sponsors, under which the company...

Following the news that Adidas reported a 19 percent decline in net sales in the first quarter of 2020; Luke Gowland, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on the company’s current challenges: “Adidas has...

May is bringing cautious reopenings from coronavirus lockdowns, from Beijing's Forbidden city to shopping malls in Texas, as the grim economic toll from the pandemic ticks higher. Many communities around the world are inching toward normalcy without certainty over...

Buoyed by the surge in demand as people stayed home owing to the pandemic globally, net sales increased 26 percent to US$ 75.5 billion for the e-commerce giant in the first quarter of 2020, compared with US$ 59.7 billion...

43.1 percent of consumers globally say they are spending more time cooking at home during the COVID crisis, which is hindering demand for takeaway services, says GlobalData, a leading data and analytics company. Following the latest publication of GlobalData Retail’s...

Data gathered by Learnbonds.com indicates that online retail giant Amazon had 4.06 billion unique visitors in March. According to the data, this figure was more compared to combined visitors for the other five leading online stores. Amazon dominates the online...

With almost 3 million cases of coronavirus worldwide and numerous countries enforcing lockdowns, global retail spend is anticipated to fall 3.0 percent in 2020, equating to US$ 549.7bn, in comparison to a previously expected rise of 5.0 percent prior...

As the COVID-19 pandemic erupted, hundreds of thousands of stores across the United States shut their doors, unsure as to when they would reopen. “At some point, retail stores will reopen - but unless apparel and specialty retailers redefine the...

IKEA has acquired augmented reality (AR) start-up Geomagical Labs. Commenting on the same, Wafaa Hassan, Analyst at GlobalData said, “As one of the early investors of AR, IKEA’s acquisition of Geomagical Labs gives its customers the opportunity to see how...

Set to be the worst hit sector by the COVID-19 pandemic, UK clothing & footwear spend is anticipated to plummet in 2020, falling 26.1 percent versus 2019, says GlobalData, a leading data and analytics company. Chloe Collins, Senior Retail Analyst...

Investment firm Gordon Brothers has acquired the rights to the Laura Ashley brands but its 147 stores are not included in the deal. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this...

ASDA is reducing payments to suppliers on a quarter of its clothing orders. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “As the fourth biggest player in the UK clothing...