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GlobalData

Beth

As World Mental Health Day approaches, demand for virtual mental health services still remains high as a result of the COVID-19 pandemic

The COVID-19 pandemic created an unprecedented demand for digital solutions for the delivery of safe and effective mental health treatment such as telemedicine. Even now, seven months after the pandemic started, demand for these services remains high, says GlobalData, a leading data and analytics company. Kathryn Whitney, MSc, Director of Thematic Analysis, comments: “A report […]
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Global lithium demand to more than double by 2024, as electric vehicle battery production quadruples

With the annual production of electric vehicles (EVs) set to grow from 3.4 million in 2020 to 12.7 million in 2024, and battery production growing from 95.3GWh to 410.5GWh over the same period, demand for lithium is expected to rise from a forecasted 47.3kt in 2020 to 117.4kt in 2024 at a 25.5% compound annual growth rate (CAGR), according to GlobalData, a leading data and analytics company. Vinneth Bajaj, Senior Mining Analyst at GlobalData, comments: “Lithium metal production is expected to reach 134.7kt versus 58.8kt in 2020. […]
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USAF’s uptake of virtual reality technology accelerated by COVID-19 pandemic

Following the recent news that the US Air Force (USAF) has committed to $67m worth of deals to increase the scale of virtual training, giving two contracts to Mass Virtual; William Davies, Associate Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Despite some previous investment by the USAF and other federal agencies into virtual reality (VR) and augmented reality (AR), there has been limited practical uptake of these […]
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Russian Zircon hypersonic missile test demonstrates desire to markedly increase strike envelope

Following the announcement that Russia has successfully tested the Zircon hypersonic missile against sea targets; Anthony Endresen, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The resurgence of great power competition between China, Russia and the US has resulted in increased investment and interest in missile and missile defense systems by all parties, and the global market was valued […]
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Eastern European construction output to contract by 2% in 2020

GlobalData, a leading data and analytics company, forecasts that construction output across Eastern Europe will fall by 2% in 2020, a relatively strong performance compared to other regions. For large parts of Eastern Europe, the virus outbreak was successfully contained in the first half of the year. The containment of the virus meant that governments […]
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H&M gradually recovering from COVID-19 despite online lagging behind

Following today’s release of H&M Q3 figures for 2019/20, Sofie Willmott, Content Head of Apparel at GlobalData, a leading data and analytics company, comments: “Despite an improving trend in its global sales performance following a terrible Q2 (March-May) when group sales declined 50%, H&M’s online channel has not picked up the slack of store closures […]
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The boohoo group excels in the face of COVID-19

Following today’s release of boohoo group H1 figures for FY2020/21, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “The boohoo group has emerged from the first wave of COVID-19 and resulting economic uncertainty unscathed, with sales growth accelerating versus last year as its flexible marketing and product proposition allowed its […]
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Strong demand for decorative DIY strengthens Topps’ performance

Following today’s release of Topps Tiles FY figures for 2019/20, Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Topps Tiles has benefited from consumers decorating their homes, with average weekly sales in September up 14% to £4.6m and orders yet to be fulfilled at the start of FY2020/21 ahead of […]
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N Brown struggles to boost sales despite its online focus

Following today’s release of N Brown H1 figures for 2020/21, Alex Hardy, Retail Analyst at GlobalData, a leading data and analytics company, comments: “A dependence on apparel, as well as an older customer base, stifled N Brown’s performance in the first half of FY2020/21, with group revenue falling 17.6%. While the older age groups are […]
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Hotel Chocolat’s gifting focus protects it from the worst of COVID-19

Following today’s release of Hotel Chocolat FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Premium British chocolatier Hotel Chocolat has managed to maintain sales growth despite a 14% decline in revenue in H2 as it was afforded some protection from the impacts of COVID-19 by its […]
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Card Factory’s shuttered stores drag down overall performance

Following today’s release of Card Factory H1 figures for 2020/21, Zoe Mills, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Card Factory has announced a dismal set of results, hampered by its reliance on its store network and closures due to lockdown measures in the UK and Ireland. While Card Factory […]
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ScS is well positioned ahead of a challenging end to 2020

Following today’s release of ScS FY figures for 2019/20, Matt Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “The shape of ScS’ financial year largely mirrors competitors; orders at ScS contracted 92.5% during lockdown before they roared back since re-opening, increasing by 92.2% during the final nine weeks of its […]
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