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GlobalData

Beth

Poundland’s profits slashed by COVID-19 pandemic

Following today’s release of Poundland H1 figures for 2019/20, Hannah Richards, Retail Analyst at GlobalData, a leading data and analytics company, comments: “The COVID-19 outbreak has severely impacted trading and tarnished its performance in what could have been an excellent half for the Pepco Group. In the five months to February 2020, Pepco achieved 14.4% revenue growth […]
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Gear4music in harmony with consumers using COVID-19 to explore new hobbies

Following today’s release of Gear4music FY figures for 2019/20, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: “It would be difficult to find more nurturing environment for an online-only musical instrument retailer than what is the new normal for many consumers around the world. With shoppers on lockdown and finding […]
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Store closures at Shoe Zone as COVID-19 lockdown hits footwear demand

Following today’s release of Shoe Zone H1 figures for 2019/20, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: “While Shoe Zone made a promising start to FY2019/20, with total revenue up 2.6% to February, the impact of COVID-19 has drastically hindered its resurgence, as its entire estate was forced to temporarily […]
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GS-441524 could finally get trialed for feline infectious peritonitis in cats

Clinical trial results for Gilead Science’s remdesivir have shown modest improvement in the recovery of moderately ill COVID-19 patients and remdesivir’s success in humans could mean that GS-441524 will finally get trialed for feline infectious peritonitis (FIP) in cats, says GlobalData. Gilead Sciences published preliminary results from another Phase III study of its antiviral drug […]
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Increasing number of hydroxychloroquine clinical trials for COVID-19 treatment will be withdrawn or terminated

Hydroxychloroquine may have resulted in a large amount of wasted effort towards finding a treatment for COVID-19 as another hydroxychloroquine study has shown no benefits of using the anti-malarial drug to treat COVID-19. This is bad news for the 398 COVID-19 clinical trials using hydroxychloroquine and/or chloroquine as a primary or secondary intervention, says GlobalData, […]
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Generation X travel plans most disrupted by COVID-19 in UAE

Generation X has experienced the most disruption among age groups in the United Arab Emirates (UAE) when it comes to the cancelation of travel plans. Within this demographic, over a third of respondents ‘strongly agree’ they have had to change or cancel upcoming domestic (36%) and international (41%) plans, according to a survey by GlobalData, […]
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Turkey suppliers on course for boom as Europe’s auto industry recovers

Following the news that the Automotive Suppliers Association of Turkey (TAYSAD) has announced a campaign promoting Turkey’s credentials as a reliable automotive producer; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 pandemic has highlighted the fragile nature of automotive manufacturing supply chains that stretch across the […]
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Adoption of Virtual Makeup testing will accelerate post-COVID-19

A total 48% of consumers are now concerned about the safety of product packaging during the pandemic period, according to GlobalData’s COVID-19 Weekly Tracker Survey, published on 3 June. As Australia gets a glimpse of what the post-pandemic retail experience will entail, personal care shoppers in particular are likely to notice the difference. In order […]
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Italy’s electricity consumption will increase in 2021

The ongoing COVID-19 pandemic has resulted in the shutdown of commercial and industrial sectors for an extended period across several countries and Italy is no exception. However, demand for electricity in the country will gradually show an increasing trend in the second half of the year as more industries restart their manufacturing activity, says GlobalData, a leading […]
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Prime Minister’s support for cruise industry is only short-term solution

Following the news that Prime Minister Boris Johnson has said the UK Government will support cruise companies in any way they can; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the current situation: “Boris Johnson’s support for the British cruise industry will be welcomed news for cruise liners around the UK. However, the industry still faces a number of difficult […]
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Telecom wholesale market to remain stable in 2020

The COVID-19 pandemic had a limited impact on service providers’ Q1 2020 results. In fact, some telcos have seen growth in voice and data traffic as a result of increased demand for bandwidth and connectivity, according to GlobalData, a leading data and analytics company. Rajesh Muru, Principal Analyst at GlobalData, comments: “Key contributing factors that […]
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B&M well placed to cope with COVID-19 as sales soar

Following today’s release of B&M FY figures for 2019/20, Hannah Richards, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Despite the global disruption of COVID-19, B&M has emerged as one of retail’s most resilient players, delivering admirable revenue growth amid challenging times. B&M fascia revenue increased by £350.7m to £3.1bn in FY2019/20, while […]
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