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Beth

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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Occasionwear specialism deems QUIZ irrelevant amid COVID-19

Following the news that QUIZ’s store subsidiary has fallen into administration; Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “While QUIZ’s physical locations were already in trouble before the outbreak of COVID-19, three months’ worth of store closures across its estate has taken its toll, […]
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Lack of inclusivity to blame for Victoria’s Secrets’ demise

The UK arm of Victoria’s Secrets has fallen into administration. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Victoria’s Secrets’ 25 UK stores are at risk in yet another blow to retail landlords as clothing & footwear spend continues to shift online. The underwear […]
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Card Factory’s reliance on stores detrimental as COVID-19 forces shops to shut

“Card Factory’s latest results highlight that its overall sales performance continues to be driven by new store openings (it added a net 50 new stores in the period) while its existing stores failed to achieve l-f-l growth. With these results covering the period prior to the impact of COVID-19 in the UK and its store estate closed as a consequence, current performance will be considerably worse given its low online penetration. Card Factory has […]
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Reliance’s new grocery delivery service Jiomart is well-placed to make gains in India’s fast-growing online food market

Following the news that Indian conglomerate Reliance Industries is launching a grocery delivery app under the banner Jiomart in 200 towns and cities across India; Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Ultra-convenience food delivery opportunities are booming amid the COVID-19 outbreak, and Reliance is clearly looking to turn fresh demand into revenue, […]
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Additional two-week delay in opening is another blow for clothing & footwear retailers

The government has set out plans for non-essential retailers to open stores from 15 June. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Non-essential retailers whose stores have been closed for almost 10 weeks already, now cannot open until mid-June resulting in another two weeks’ of missed sales and two weeks less to clear through […]
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UK consumers are feeling more positive about COVID-19

The UK population is feeling more optimistic about the outlook with 34.9% of consumers expecting the coronavirus situation to improve over the next month*, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Following seven weeks in lockdown, the British public are starting to feel more optimistic about the future. Just 8.5% expect the situation to get a lot worse over the next month […]
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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% this year (equivalent to $297bn), says GlobalData, a leading data and analytics company. Honor Strachan, Principal Analyst at GlobalData, comments: “The 10 worst impacted markets, in terms of value, will represent the vast majority of this total loss with mature regions suffering the hardest – the US will account for […]
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Garden centres set for a rosy return as gardening is the second most popular lockdown activity

Garden centres in the UK that have been allowed to re-open today as lockdown restrictions are eased, can expect to see high footfall as the British public use additional time at home to spruce up their gardens, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Gardening is the second top activity that consumers expect to do more of during lockdown, only behind watching TV. Amongst over 55’s, over half expect to do more gardening as those already interested in horticulture take advantage of the warmer […]
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The boohoo group is in a unique position but must choose acquisitions carefully

The boohoo group has announced a £200m share placing and intends to use the net proceeds of the placing to take advantage of global opportunities that are likely to emerge in coming months; Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “The boohoo group is in a much more fortunate position than most other clothing & footwear specialists, significantly helped by its online only selling model which has left it free from most of the costly problems that […]
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UK lockdown provides opportunity to gain insight into managing renewable energy dominated grid

The collapse in demand for electricity during the COVID-19 lockdown, combined with a greater supply of solar power, has led to the UK not using coal-fired power plants to generate electricity for more than 25 days, according to UK Electric Insights. As of 29 April 2020, 24.7% of the generation came from gas-based generation, 11.5% from solar PV, 20.7% from wind, 0.9% from hydro, 29.5% from […]
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Coronavirus to take R$47.1bn out of Brazilian retail spend in 2020

Brazil’s retail market is set to be one of the better performing in Latin America in 2020, growing 2.0%, says GlobalData, a leading data and analytics company. Amy Higginbotham, Retail Analyst at GlobalData, comments: “The COVID-19 outbreak will have a marked impact on retail in Brazil, with the market set to grow significantly less than our original forecast of 4.8% in 2020. But Brazil will fare better than many other countries in South America, including Peru and Colombia, where the market is set to contract […]
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Superdry’s turnaround plan threatened as COVID-19 dampens clothing demand

Following today’s release of Superdry FY figures for 2019/20, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Superdry’s woes were amplified in its final quarter of FY2019/20, with the impact of the COVID-19 pandemic stifling demand for clothing and footwear. While its CEO Julian Dunkerton has had significant plans to revitalise the company, the outbreak has put a major […]
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