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GlobalData
GlobalData

Retail

Retailers’ strategies to target extreme demographics will help them acquire an untapped pool of consumers

The COVID-19 pandemic has compelled more conservative or technology-averse consumers to experiment with online shopping to avoid crowded stores and the risk of virus transmission, accelerating the inevitable shift to e-commerce. To capitalize on this trend, retailers are devising strategies to serve extreme demographics. The approach, however, with which each generation is targeted is likely […]
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Tackling textile waste is fashion’s path to a circular future

The efforts to tackle the fashion industry’s problem of textile waste are continuing to gather pace, with players spanning the entire supply chain taking action, writes GlobalData, a leading data and analytics company. Beth Wright, Apparel Correspondent for GlobalData, comments: “Textile waste has long plagued the industry and its players are mobilising at all ends […]
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Despite widening net loss in FY20, IKEA India investing heavily in omni-channel model, says GlobalData

Furniture retailer IKEA India reported a net loss of INR7,201m (US$97.2m) in FY2019-20 compared to INR6,854m (US$92.5m) in FY2018-19. Despite incurring net loss, IKEA India is investing heavily in new store openings alongside its digital initiatives for an enhanced omni-channel experience, says GlobalData, a leading data and analytics company. After the launch of its first […]
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Overflowing opportunities for e-commerce retailers with 87% APAC consumers spending more time online, says GlobalData

The COVID-19 pandemic has made online shopping appealing and safe, as wary consumers in the Asia-Pacific (APAC) prefer to stay at home to avoid social contact. Against this backdrop, online channel (e-commerce retail) is benefitting and is overcrowded with prospects as 87%* respondents are spending more time online, according to GlobalData, a leading data and […]
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APAC retail industry set for digitalization with digital smartness influencing majority shoppers’ product choices, says GlobalData

Retailers in the Asia-Pacific (APAC) region are investing in enhancing their digital presence with as much as 72%* of consumers revealing that ‘digital smartness’ influences their product choices, according to GlobalData, a leading data and analytics company. GlobalData’s survey* conducted in February 2021 reveals that as the world continues to battle against the COVID-19 pandemic, […]
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Paul Weiss Rifkind Wharton & Garrison and Willkie Farr & Gallagher were top M&A legal advisers by value and volume in retail sector for Q1 2021, finds GlobalData

Paul Weiss Rifkind Wharton & Garrison and Willkie Farr & Gallagher were the top mergers and acquisitions (M&A) legal advisers in the retail sector for Q1 2021 by value and volume, respectively. Paul Weiss Rifkind Wharton & Garrison advised on five deals worth US$10.7bn, which was the highest value among all the advisers. Meanwhile, Willkie […]
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Direct-to-consumer offers new opportunities to APAC retailers amidst COVID-19 scenario, says GlobalData

The benefits offered by the direct-to-consumer (DTC) model make it very attractive and lucrative for both ‘well-established’ as well as upcoming retailers operating in the Asia-Pacific (APAC) region, especially amidst the current COVID-19 scenario, says GlobalData, a leading data and analytics company. Vijay Bhupathiraju, Retail Analyst at GlobalData, says: “Retailers in the APAC region that […]
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Blockchain technology provides a potential game changer for clothing supply chain transparency and sustainability, says GlobalData

As governments around the world crack down on companies whose supply chains are linked to forced labour and other unethical and unsustainable practices, clothing retailers that have not considered introducing blockchain technologies to help provide them with supply chain transparency stand to lose out, says GlobalData, a leading data and analytics company. Blockchain technologies enables […]
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