GlobalData
Fashion
Gucci’s retreat from catwalk shows will put the brakes on fast fashion
Gucci is stepping away from the traditional luxury fashion catwalk calendar and cutting its shows from five to two per year.
Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news;...
Fashion
Failure to adapt has left Clarks in a weak position to withstand the COVID-19 crisis, says GlobalData
Clarks has recently announced that it is cutting almost 1,000 head office roles
Patrick O’Brien, UK Retail Research Director at GlobalData, a leading data and analytics company, offers his view on this news: “Clarks is in a typical midmarket squeeze:...
Food
Better prospects await India’s online grocery retailers post-COVID-19 lockdown, says GlobalData
While the initial days of lockdown enforced in India in response to COVID-19 crisis sent the Indian online food and grocery retailers into disarray, they were able to quickly turn things around and convert the situation into one of...
International News
COVID-19 to have long-term positive impact on e-commerce, says GlobalData
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,...
Fashion
Global apparel spend forecast to plummet by nearly $300bn in 2020
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...
International News
Footfall set to shift towards high-streets when non-essential stores reopen, says GlobalData
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...
International News
UAE retail market set to grow by 0.4 percent in 2020 as brief lockdown period protects spend, says GlobalData
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...
International News
Despite COVID-19 lockdown wiping off US$420bn from China’s retail market, rebounding sentiment will boost H2 spend, says GlobalData
The COVID-19 lockdown and the disruption to retail is expected to wipe off ¥3.0 trillion (US$420bn) from China’s retail market in 2020, causing a 1.8 percent fall in retailer sales in 2020 over 2019. This compares with pre-COVID growth...
Food
JioMart and Whatsapp partnership to change the face of mom-and-pop retail stores in India
After entering into a massive US$ 5.7 bn deal with Facebook, Reliance Industries has begun piloting its new commerce venture JioMart on WhatsApp. JioMart has the advantage of its own Jio telecom user base and the massive reach of...
International News
Coronavirus to take R$47.1bn out of Brazilian retail spend in 2020, says GlobalData
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...
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5 Pillars of Customer Retention
Customer experience, social media, trust, transparency and data critically impact customer retention said representatives of leading brands speaking at...
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