GlobalData
International News
Despite warm weather, Easter will be a wash out for retailers, says GlobalData
An Easter weekend with warm weather forecast would normally be a retailer’s dream but this year the COVID-19 lockdown measures in the UK will severely hinder Easter trading, says GlobalData, a leading data and analytics company.
Sofie Willmott, Lead Analyst...
Fashion
Failure to adapt has left Clarks in a weak position to withstand the COVID-19 crisis, says GlobalData
Following the news that Clarks is seeking to close some stores permanently, 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: like...
Food
All supermarkets should implement new £45 contactless limit quickly to reduce customer safety concerns, says GlobalData
Following the news that the UK is raising the cash limit available via contactless payment from £30 to £45, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation:
“This rise in...
Fashion
Online channel may not be the saviour clothing retailers hoped for, says GlobalData
Since the UK Government enforced stores to close for the foreseeable future, many non-food retailers hoped that customers would divert spend onto their online channels.
However, last week, Next – the UK’s third largest clothing retailer – announced that it...
Fashion
Pivotal moment for retail as Next shuts online operation
Following the decision by UK clothing retailer Next to shut its online operations down, Patrick O’Brien, UK Retail Research Director at GlobalData, a leading data and analytics company, offers his view:
“Next’s decision is likely to reverberate across the retail...
International News
Packaging industry demands ‘essential work’ status from UK Government
Amid the COVID-19 coronavirus outbreak, many countries have advised people to stay home unless their work is essential.
Should those in the packaging industry be classed as essential? In the UK, the government has released guidelines to only go outside...
International News
‘COVID-19 pandemic will put sustainability concerns on hold’
Sustainability was the buzz word of 2019 and would have continued to increase in prominence in 2020. However, the global outbreak of coronavirus (COVID-19) will bring progress to a halt, according to GlobalData, a leading data and analytics company.
Emily...
International News
Sentiments remained low for Target due to weak comparable sales growth in Q4 2019, says GlobalData
A slow holiday comparable (comp) sales growth coupled with mismanagement of inventories during the fourth quarter (Q4) of 2019 affected sentiments for the US-based retailer, Target, says GlobalData, a leading data and analytics company.
GlobalData’s Company Filing Analytics platform, found...
International News
Social responsibility will drive consumer engagement, says GlobalData
Some 36 percent of consumers globally claim that they find living a less complicated lifestyle very important, according to leading data and analytics company GlobalData’s 2019 Q3 consumer survey.
Ramsey Baghdadi, Analyst at GlobalData, comments: “Our forecasts are for more...
Fashion
Coronavirus shakes up fashion brand and supplier communication, says GlobalData
With the coronavirus (COVID-19) pandemic putting a stop to all non-essential travel, technology is now taking a front seat in communication between clothing brands and their suppliers, writes GlobalData.
Michelle Russell, Apparel Correspondent for GlobalData, says: “Buyers are now having...
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Ambani unveils growth roadmap for Reliance, co to double in size by 2030
The company is aiming to double revenues and pre-tax profit in 3-4 years with its new energy business becoming...
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