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Following today’s release of H&M figures for Q4 and FY2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “The improvement in H&M’s global sales performance in Q3 (-18.7%) continued into Q4, with sales from 1 September to 21 October only falling 3% in local currencies. However, the second wave of COVID-19 in […]
African midstream operators withdraw investment plans amid COVID-19 turmoil
The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand has resulted in a decline in oil and gas prices. The all-pervasive nature of these circumstances has also impacted the African midstream sector, forcing several major midstream oil and gas operators to revisit their strategies and reduce capital expenditure (capex) for 2020. As […]
US cannot wait on vaccines to control COVID-19
Following the news that the US Food and Drug Administration (FDA) has recommended emergency approval for the Pfizer-BioNTech COVID-19 vaccine and that the US has reported its highest one-day COVID-19 death tally; Kasey Fu, Director of Epidemiology at GlobalData, a leading data and analytics company, offers her view: “News that the US has hit another […]
Tesla, GM and Toyota are best-placed for 2021 recovery
Tesla, General Motors (GM) and Toyota are the best-placed vehicle manufacturers to benefit from the automotive industry’s continued recovery from pandemic slowdown in 2021, according to a new study by GlobalData, a leading data and analytics company. Set against a range of strategic and operational data sets, these three companies came out on top. The […]
Crude oil production in Eagle Ford shale expected to decline by 10% during 2020–2021, says GlobalData
Shale operators slashed their planned capital expenditure (capex) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play. Hence, crude oil production is expected to drop by 10% year-on-year (YOY) in 2021, says GlobalData, a leading data and analytics company. GlobalData’s […]
Electrified cars exceeding diesels and going mainstream in UK car market
Following the news that the UK’s new car market was down 27.4% in the month of November, according to data released by the Society of Motor Manufacturers and Traders (SMMT); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “November’s big market contraction is no surprise given the imposition […]
China and casualwear cushion the blow for PVH
Following today’s release of PVH figures for Q3 FY2020; Gemma Boothroyd, Retail Analyst at GlobalData, a leading data and analytics company, comments: “PVH Corp. saw performance improve across the board throughout Q3 FY2020, with all markets and channels bearing growth on Q2, thanks to the easing of COVID-19 lockdowns and online demand yielding a 36% […]
Rolls-Royce strengthens position in global naval gas turbine market worth US$446.2m by 2029
Following the news that Rolls-Royce engines have been selected to power the South Korean Navy’s Ulsan-class FFX Batch III frigates; Captain Nurettin Sevi, Turkish Navy, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Rolls-Royce supplying gas turbines to South Korea’s new 3,500-ton frigates comes as no surprise, as the company […]
Around three quarters of North American midstream projects that got impacted are in the US
Over 70% of the total midstream projects that have been impacted are in the US. Consequently, several oil and gas companies with midstream operations have had to revisit their business strategies and capex plans for 2020 amid dwindling revenues. With LNG buyers’ preference shifting more towards short-term or spot contracts, bagging long-term supply contracts has […]
Strong demand for decorative DIY strengthens Topps’ performance
Following today’s release of Topps Tiles FY figures for FY2019/20; Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Topps Tiles is a beneficiary of consumers decorating their homes, with retail like-for-like sales rising 19.6% in the first eight weeks of FY2020/21, boosted by consumers staying home amid the second lockdown. This follows a successful Q4 […]
The collapse of Debenhams and the Arcadia group was inevitable
Following the news that Arcadia has fallen into administration, and that Debenhams it set to close all its stores; Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “While Debenhams and Arcadia were both already in trouble before the pandemic hit, the drastic increase in online […]
A break up of Arcadia’s brands is the only way for survival
Following the news that the Arcadia Group is on the brink of administration; Chloe Collins, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Arcadia’s brands have been losing relevance for years and have suffered from a lack of innovation and investment – especially in digital, with […]
Conagra’s job postings spike amid increasing at-home consumption
Conagra’s active jobs increased from over 200 in April to around 400 in October 2020, according to the Job Analytics database by leading data and analytics company, GlobalData – with hiring inclined towards production facilities and meeting supply chain requirements. As demand for a more diet-conscious market is shaping consumption patterns, Conagra is strengthening its […]
Time is almost up for Arcadia’s dated brands
The Arcadia group is reportedly on the brink of administration. Sofie Willmott, Content Head of Apparel at GlobalData, a leading data and analytics company, offers her view on this news: “Arcadia’s stable of brands have lost relevance in recent years, with more appealing and innovative retailers that better target their shoppers, such as ASOS and […]
Premium beauty to see Black Friday boost, but brands must ensure virtual safety as online fraud increases
With lockdown measures in flux globally the Black Friday event will take place almost entirely online this year. Consumer risk-aversion is further driving this shift, as *177% of global consumers are concerned about visiting stores and shopping outlets, with those who are not restricted by lockdown measures still likely to avoid venturing outside as far as possible, says GlobalData, a leading data and analytics company Lia Neophytou, Consumer Analyst at GlobalData, comments: “High value beauty categories, such as fragrances and make-up, will likely benefit […]
Trade deal with the EU would lift UK automotive sector investment in 2021
Following the news that UK car production in October was down by 18% on last year, according to data released by the SMMT; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “COVID-19 has battered the UK car manufacturing sector, with output so far this year is down by […]
CAE increases share in military air simulation and training market that will be worth $6.207bn in 2030
Following today’s news (Wednesday 25 November) that Textron will sell TRU Simulation + Training Canada to CAE; Harry Boneham, Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “The news that CAE is poised to purchase Textron’s TRU Simulation + Training Canada business is indicative of the relatively positive and stable […]
Biogen’s aducanumab in AD unlikely to be well-covered by payers, with FDA approval prospects mixed
Following a controversial FDA Advisory Committee meeting for Biogen’s aducanumab for mild Alzheimer’s disease, where the panel members sharply recommended against approval, the therapy will likely face significant barriers to coverage if it gains an agency nod in March, according to reporting from William Newton, Pharma Writer for the Investigative News team at GlobalData, a […]
Elective procedures spark massive surge in demand for robotic systems in medtech industry
In the medtech industry, the return of elective procedures has sparked a massive surge in demand for robotic systems for the final quarter of 2020. Robotics is set to see significant growth over the next few years after experiencing an unstable period in 2020 and the global market value for robotics is projected to surpass […]
Pfizer-BioNTech COVID-19 vaccine likely to create set of firsts for the pharmaceutical sector
Following the news that the Phase III study of the COVID-19 vaccine developed by Pfizer and BioNTech has been concluded and is showing 95% efficacy in prevention of the disease; Vinie Varkey, M.Sc, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “With the mRNA vaccine candidate BNT162b2 having key safety […]