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GlobalData
GlobalData

Retail

Americans are projected to spend $160.1 billion on secondhand items in 2021, according to Mercari and GlobalData’s inaugural ‘Reuse Report’

US households are cluttered with 23.6 billion unused items, showcasing an abundance of supply for the circular economy. Mercari and GlobalData’s inaugural Reuse Report reveals that the secondhand market is expected to generate $160.1 billion in revenue this year. The total resale market has grown by 53.3% during the past five years, and findings suggest there is potential for […]
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Chip shortage to drive consumer electronics retail prices, says GlobalData

The global chip shortage will have a deep-rooted impact in the consumer electronics segment like that of the automotive industry. The crisis was intensified by the unexpected outbreak of COVID-19 in 2020, particularly in chip manufacturing APAC nations, and will have ramifications on consumer electronics’ retail sales over the next few years, says GlobalData, a […]
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Alibaba must align operations in line with consumer preferences to maintain dominance, says GlobalData

Despite the Chinese government’s scrutiny over privacy and data security concerns, domestic e-commerce giant Alibaba Group reported a 34% growth in revenues to RMB205.74bn (US$30.4bn) for the quarter ended in June 2021. Alibaba must continue to adjust its operations and deals according to the constantly evolving consumer preferences and shopping habits to maintain its dominance […]
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Summer and winter wardrobes could be a thing of the past, says GlobalData

In an ever-pressing need for the fashion industry to become more sustainable, getting rid of the seasonal wardrobe is a likely next step, says GlobalData. The leading data and analytics company notes that a seasonal fashion calendar is outdated and shifting to a seasonless calendar can present a real opportunity for local clothes makers. However, its success is entirely dependent on greater trust and better communication between clothes suppliers and buyers. Hannah Abdulla, Apparel Correspondent at GlobalData, comments: “The seasonal fashion calendar has fast become redundant as the fashion landscape evolves. People are travelling […]
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Top 10 ecommerce companies by revenue benefited from pandemic-driven changes in consumer behavior in 2020, says GlobalData

Of the top 10 ecommerce companies by revenue, 90% reported double-digit growth in revenue The pandemic-defying performance was mainly due to an increase in the number of active consumers visiting online retailers’ platforms The COVID-19 pandemic necessitated change in consumer behavior, leading to an increase in demand for contactless delivery services from active and new […]
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Influential media organizations are leaning towards retail as a powerful stream of revenue, says GlobalData

The COVID-19 pandemic has created synergistic opportunities for media and retail companies, as consumers find themselves spending more time online. Large online media and entertainment organizations are now partnering with retailers to provide exclusive goods and merchandise on their platforms, says GlobalData, a leading data and analytics company. With *95% of consumers stating that they […]
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