International News

China continues to report year-on-year surge in retail sales as the country’s economy rebounds due to rising domestic demand, according to GlobalData, a leading data and analytics company.Ankita Roy, Retail Analyst at GlobalData, says: “China’s relative success in containing...

US consumer staples companies posted impressive numbers for 2020 despite the pandemic causing disruptions in many economies. The strong performance of their stocks also has led to an increase in investor confidence with many expecting the top consumer goods...

London, British online fashion retailer Boohoo has bought three clothing brands owned by the collapsed Arcadia retail group for 25.2 million pounds (USD 34.5 million). Boohoo bought the inventory and online businesses of the Arcadia brands - Dorothy Perkins, Wallis and Burton. The deal did not include the...

Following reports that ASOS has bought Topshop, Topman, Miss Selfridge and HIIT out of administration for £265m, Chloe Collins, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view on this news:"ASOS is a complementary new...

April will see the furlough scheme come to an end and allow customer-facing outlets such as cafés, restaurants, and pubs to reopen. While this may seem like a saving grace for the UK restaurant sector, which has plummeted from *1£32.2bn in...

Following the news that the boohoo group has bought Debenhams out of administration, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news: "In a surprising turn of events that proves the...

Card payments in China have been on a sustained growth for the last few years. While the growth was somewhat affected by COVID-19 pandemic in 2020, it is forecasted to register a robust compound annual growth rate (CAGR) of...

In 2020, retailers who innovated to keep up with the changing consumer behavior reaped bigger than those that did not.According to the research data analyzed and published by Comprar Acciones, retailers offering buy-online-pickup-in-store (BOPIS) options increased their digital revenue by...

Japan is one of the most developed e-commerce markets globally and ranks second in Asia, only behind China. The market has registered sustainable growth over the last five years supported by high mobile and online penetration and increasing consumer...

Following the release of Fast Retailing figures for Q1 FY2020/21; Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments:"Fast Retailing’s strong reliance on Asia has allowed it to eFast Retailingxperience an impressive rebound in sales during...

Fossil Group launched its new Virtual Watch Try-On experience across several brand channels including Fossil.com and Watch Station. Expanding on its existing partnership with Tangiblee, the Fossil team rolled-out a web-based, markerless augmented reality feature for watches - a feature that does not require users to...

Following the release of Primark figures for the 16 weeks ending 2 January 2021; Gemma Boothroyd, Associate Retail Analyst at GlobalData, a leading data and analytics company, comments:“With 76% of Primark’s global retail fleet currently shuttered in response to COVID-19...

US retail sales dropped by 0.7 per cent in December, marking the third monthly decline in a row, as the country struggles to cope with the unabated Covid-19 surge, the Commerce Department reported.Excluding motor vehicles, parts and gasoline stations, retail sales fell by 2.1 per...

Indonesia is a promising e-commerce market in Asia-Pacific, with several local and global players competing in the market. Rising Internet penetration, increasing digitalization and the proliferation of websites have been driving e-commerce growth. The COVID-19 pandemic has further accelerated...