Jonthan Brown

Technology

Telco B2C telemedicine services on showcase during COVID-19

The lockdown and physical distancing restrictions of the ongoing COVID-19 pandemic have created an international showcase opportunity for the telemedicine industry. Telecommunication service companies (Telcos) are launching new services to directly address the public’s need for virtual doctor consultations during the lockdown period with other services adjusted or streamlined to help in the diagnosis and treatment […]

Travel & Tourism

Greece must attract its largest source market to reboot vital part of its economy

Greece saw 35.3 million international arrivals in 2019 and was forecast to welcome 37.1 million arrivals in 2020 pre-COVID-19. However, the impact of COVID-19 has seen that projection fall to 24.3 million, according to the latest figures from GlobalData, a leading data and analytics company. Nevertheless, TUI announced that the German market has been showing […]

Banking

UK consumers and vendors avoid cash but online spend offsets some of the damage, says GlobalData

The overall decline in payments during this crisis has been partially offset by a rise in online spending, but non-essential spending plummets, according to GlobalData’s statistics. Several prominent retailers have temporarily closed their stores and moved to online-only sales, and online payments solutions, such as Paypal, Visa checkout and Masterpass, stand to benefit from the […]

Travel & Tourism

M&A may help travel agents find route out of pandemic as consumer habits change

Opportunities can arise out of crisis and it is often a time used by organisations to drive significant change. According to GlobalData, a leading data and analytics company, 41% of travellers have increased their social media browsing time, 26% are posting more regularly and 28% are spending additional time reading online reviews and blogs than prior […]

Retail

Further online investment required by H&M as Q2 sales halve and profit wiped out by COVID-19

Following today’s release of H&M H1 figures for FY2019/20, Kate Ormrod, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘H&M’s H1 performance highlights the global escalation of the COVID-19 crisis, with group sales growth of 7.7% in Q1 falling to a 50.1% decline in the second quarter, as country lockdowns and restrictions […]

Retail

Tesco outpaces rivals in wake of COVID-19 after doubling online capacity in five week

Following today’s release of Tesco Q1 figures for 2020/21, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘With non-retail food options cut off, consumers have shifted spend to supermarkets at an unprecedented level over the past three months, and, with its national prominence, Tesco has been the first port of call for […]

Consumer

Migrating influence is expected to return as a vital trend post-COVID-19

Travel, the need for sustainable products, a high concern for health, and the ease of sharing information have exposed consumers globally to a variety of cultures for a number of years. In fact, prior to the pandemic, half of global consumers stated that being in a different country inspires them to try new flavors in […]

Business Fundamentals

Retail sector witnessed 3.3% growth in deal activity during the week ended June 21

The number of deals announced in the global retail sector grew by 3.3% during the week ended June 21, 2020, compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The retail sector is among the worst hit due to COVID-19 and has been witnessing inconsistent deal activity […]

Business Fundamentals

Travel & tourism sector witnessed 3.7% decline in deal activity during week ended June 21

The number of deals announced in the global travel and tourism sector declined by 3.7% during the week ended June 21, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is among the worst hit due to COVID-19 and deal activity […]

Consumer

Global beer market to see US$55.4bn loss in COVID-19 adjusted 2022 forecasts

Despite the initial scare for the beer and cider market, expectation is that new 2022 forecasts, which falls short of the original baseline expectations, could have been much worse, says GlobalData, a leading data and analytics company. According to the company’s recent (June 5) COVID-19 adjusted forecasts, the global beer and cider market will recover […]

Foodservice

COVID-19 has changed meaning of convenience and Greggs must adapt

Greggs recently announced that it plans to reopen 800 stores across the UK for takeaway orders by June 18. While this news will surely have many Brits buzzing with excitement, it also raises some challenges; for a chain that climbed to success through cheap, on-the-go breakfast and lunchtime positioning, it may prove difficult to capture […]

Automotive

Nissan’s latest production cuts unsurprising in face of weak global demand

Following the news that Nissan is to further cut production in Japan due to COVID-19 impacts on global vehicle demand; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Nissan is to further cut production at its three Japanese manufacturing facilities – Oppama, Tochigi and Kyushu – with new […]

Retail

19.3% of under 45s have bought more clothing since the COVID-19 pandemic began

While clothing has been the retail sector worst hit by the COVID-19 crisis, as consumers deprioritise non-essential items due to economic uncertainty and a lack of social events, 19.3% of global consumers aged 16-44 cited that they have bought more clothing since the start of the outbreak, compared with only 7.4% of over 45s., says […]

Retail

COVID-19 will strike off US$50bn from the global duty free market in 2020

COVID-19 will cause 2020 global duty free spend to plummet 68.4% (equivalent to US$50bn) versus GlobalData’s pre-crisis market size, declining 65.4% on 2019. While lockdown procedures across the global are gradually being lifted and replaced with social distancing and personal safety measures, the global duty free market will be the last retail channel to see […]

Retail

1.3 million UK consumers have bought a bike since COVID-19 hit

Almost 5% of UK consumers have bought a bike since the beginning of the coronavirus crisis, encouraged by good weather, a desire to get outdoors to exercise as well as the government’s advice to avoid public transport*, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “As much of […]

Travel & Tourism

Increase in consumer confidence could lead to a spike in UK domestic tourism

As lockdown is gradually eased, UK residents have a more positive view of the coronavirus situation compared to ten weeks ago, according to GlobalData’s COVID-19 Consumer Survey. The number of people saying they felt the situation would get a lot worse in the UK was 44% lower in week ten compared to week one. Conversely, […]

Business Fundamentals

Pandemic to push Western European metropolitan areas into recession

The economic impact of the COVID-19 outbreak on Western European metropolitan areas could be greater than the financial crisis in 2008. The combined real GDP growth of the 20 largest metropolitan areas in Western Europe will contract by 8.1% in 2020, forecasts GlobalData, a leading data and analytics company. The unprecedented collapse in economic activities […]

Technology

BT adapts to new working culture with second broadband line

BT is tapping into a whole new service opportunity, offering a second fixed broadband connection into the home for households that have unexpectedly become the new epicenter for work, school, and play. According to GlobalData’s UK Fixed Market Share Forecast, BT continues to lead the broadband market with a 35% subscriber share in 2020. Natasha […]

Travel & Tourism

Air bridges offer hope for UK tour operators but barriers remain

Air bridges are offering UK tour operators hope of resuming some form of service this summer, but as overnight domestic travel is still not possible it is clear there that the current situation is as bleak as it has ever been for operators, says GlobalData, a leading data and analytics company. TUI and Jet2holidays are […]

Business Fundamentals

Healthcare sector witnessed 12% growth in deal activity during week ended June 14, says GlobalData

The number of deals announced in the global healthcare sector (including pharmaceuticals and medical equipment) grew by 12% during the week ended June 14, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Though the healthcare sector has been relatively resilient compared to other sectors amid […]

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Telco B2C telemedicine services on showcase during COVID-19

Greece must attract its largest source market to reboot vital part of its economy

UK consumers and vendors avoid cash but online spend offsets some of the damage, says GlobalData

M&A may help travel agents find route out of pandemic as consumer habits change

Further online investment required by H&M as Q2 sales halve and profit wiped out by COVID-19

Tesco outpaces rivals in wake of COVID-19 after doubling online capacity in five week

Migrating influence is expected to return as a vital trend post-COVID-19

Retail sector witnessed 3.3% growth in deal activity during the week ended June 21

Travel & tourism sector witnessed 3.7% decline in deal activity during week ended June 21

Global beer market to see US$55.4bn loss in COVID-19 adjusted 2022 forecasts

COVID-19 has changed meaning of convenience and Greggs must adapt

Nissan’s latest production cuts unsurprising in face of weak global demand

19.3% of under 45s have bought more clothing since the COVID-19 pandemic began

COVID-19 will strike off US$50bn from the global duty free market in 2020

1.3 million UK consumers have bought a bike since COVID-19 hit

Increase in consumer confidence could lead to a spike in UK domestic tourism

Pandemic to push Western European metropolitan areas into recession

BT adapts to new working culture with second broadband line

Air bridges offer hope for UK tour operators but barriers remain

Healthcare sector witnessed 12% growth in deal activity during week ended June 14, says GlobalData

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