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Washington is the US state with the highest pipeline value of construction projects that are in the execution stage, and this is reflected in the rapid growth the state has seen in construction activity over the past eight years, according to GlobalData, a leading data and analytics company, GlobalData’s latest report: ‘Project Insight – Construction in Key […]
Global hiring experiences mixed recovery as demand patterns impacted by COVID-19
COVID-19 has impacted hiring across all industries globally according to the latest findings by GlobalData, a leading data and analytics company. While trends were positive for most of Q1 2020, the severe impacts of COVID-19 in Q2 have resulted in job posting declines. While Q3 brought some respite with a resurgence in hiring, the trends […]
Nvidia’s Arm deal will shake up the semiconductor sector, says GlobalData
Following the news that Nvidia is to buy UK chipmaker Arm for $40bn,Snigdha Parida, Thematic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “The combination of Nvidia’s artificial intelligence (AI) and autonomous driving chips and Arm’s mobile-friendly CPU ecosystem will shake up the semiconductor sector. “Nvidia will control the world’s […]
Dixons Carphone’s investment online pays off as electrical shoppers change channel
Following today’s release of Dixons Carphone FY2020/21 figures for the 17 weeks ending 29 August 2020, Zoe Mills, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Dixons Carphone has boasted a strong set of results today with total group like-for-like sales up 14%, driven by a stellar performance in electricals both […]
Morrisons’ strategy remains sensible despite heavy COVID-19 profit blow
Following today’s release of Morrisons H1 figures for 2020/21, Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Morrisons’ H1 results reiterate that the 2020 food & grocery market – despite unusually high ex. fuel revenue growth across the board – is a stressful arena to operate in at present. While ex. […]
Travel companies need to provide flexibility or risk getting left behind
Following the recent announcement that Delta Air Lines has joined American Airlines and United Airlines in scrapping a range of ticket-change fees; Ralph Hollister, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Last year, Delta accumulated US$830m in change fees, more than any other US […]
Most US employees see themselves working with technology, rather than being replaced by it, according to a recent survey on the future of work by GlobalData
· Technology will support US workers rather than replace them as respondents say only part of their job can be performed by machines. · 79% of US workers say technology will change the way they do their job over the next three years. · 37% of respondents think AI will impact their job over the […]
Significant job cuts at M&S as it attempts yet again to transform the business
Following today’s release of Marks & Spencer Q1 figures for 2020/21, Kate Ormrod, Principal Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Having strived to turn around the business for so long, COVID and its resultant shopping habits have forced M&S’s hand to make more drastic changes, with headlines today focusing on the […]
TUI’s optimism for 2021 should be noted with caution amid refund confusion and UK’s air bridges putting strain on industry recovery
Following the announcement of TUI’s Q3 2020 results, Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “The news that bookings for Summer 2021 are up by 145% at TUI strike a note of optimism, but caution is still necessary as numerous customers continue to await refunds. […]
80% of executives say cybersecurity and cloud computing have been key in helping their businesses survive COVID-19, according to latest research from GlobalData
‘- GlobalData’s 2020 Emerging Technology Trends survey of more than 1,700 senior executives reveals the technologies that are helping companies survive COVID-19 – Eight technologies have played a major role in keeping businesses afloat during the pandemic including 5G, artificial intelligence and augmented reality – No single technology stood out, but more than 80% of […]
ASOS shines through the retail doom and gloom
Following the news that ASOS has raised its full year sales and profit expectations; Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “While many other clothing retailers have announced significant sales drops since COVID-19 hit, alongside store closures and redundancies, agile ASOS has benefitted from […]
Royal Caribbean’s enormous loss highlights cruise industry woes
Following the release of Royal Caribbean Group’s Q2 2020 results; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the company’s losses: “A second quarter net loss of $1.6bn comes on top of a net loss of $1.4bn in the first quarter of 2020. These kind […]
Expedia Group’s uptick for Vrbo offers hope for recovery, but caution is still vital
Following Expedia Group’s release of its Q2 2020 results; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “As homesharing is the way forward for many – with tourists opting for a service where they can clean to their own standards – it is no surprise that […]
Initial surge in orders post-lockdown is encouraging but ScS cannot rest on its laurels
Following today’s release of ScS FY figures for 2019/20, Matthew Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘ScS’ results have followed a similar pattern to DFS’ as a sharp decline in sales during its second half (-38.0%), due to the lockdown, caused overall delivered sales for FY2019/20 to fall £65m […]
‘Insperiences’ key to US foodservice recovery as 22% of consumers say they will stop eating dinner out-of-home due to COVID-19, according to latest research by GlobalData
· US foodservice revenues expected to fall by over 35%, from $760bn in 2019 to $490bn in 2020 with full recovery not anticipated until after 2023 due to COVID-19 · 22% of US consumers say they will stop eating dinner out-of-home and 20% confirmed the same sentiment for breakfast · 25-44 year olds are a […]
Next feels the full force of COVID-19
Following today’s release of Next H1 figures for FY2020/21, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Though a sobering set of results that illustrate the decimated demand for clothing & footwear due to COVID-19, Next’s Q2 full-price sales growth far exceeded expectations at -28%, compared to a dire scenario of […]
Wickes’ performance hampered by late store reopenings, says GlobalData
Following today’s release of Travis Perkins H1 figures for 2020, Georgina Sreeves, Associate Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘The pandemic continues to throttle Travis Perkins as group sales declined £704m to £2,780m in H1 2020, dragged down by its plumbing & heating and merchanting businesses where sales dropped 33.3% and […]
Foreign Office’s latest announcement a huge blow to Europe’s tourism recovery, says GlobalData
Following news that the Foreign Office has extended its advice against all but essential travel to the whole of Spain; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the latest announcement: “The government’s sudden announcement will make British holidaymakers nervous about traveling to any country […]
Amazon set to widen footprint in UK grocery market as it revamps Fresh proposition
Amazon has announced plans to expand its footprint in the UK online grocery market, through greater integration of its Amazon Fresh proposition with its Prime membership, making grocery deliveries free for Prime members on orders over £40 in a select number of postcodes. Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, […]
South American tourism impacted by loss of US spending, yet growth is identifiable
US spending into South America is forecast to drop by 44.4% between 2020 and 2021 as travel restrictions due to COVID-19 have stymied visitor flows. Having featured in the top ten international arrivals in all the five major economies across South America in 2019, the reduction of this source of market will be detrimental for […]