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Retail

Elevation strategy drives profit growth for Frasers Group

Following today’s release of Frasers Group H1 figures for 2020/21, Alex Hardy, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Significant investment in its digital business has helped to mitigate the effects of the COVID-19 pandemic for the Frasers Group, with total revenue declining 7.4% to £1,893m in H1 FY2020/21 despite stores being closed for over a quarter of the period. Recent acquisitions including […]
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Lockdown has given Studio room to grow

Following today’s release of Studio Retail H1 figures for 2020/21, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Studio Retail has been one of the beneficiaries of the COVID-19 pandemic, with a £39.3m rise in total revenue to £268.0m testament to its transformation to an online pureplay, value proposition and flexible credit options. Retail sales saw a significant boost of 38.0% versus last year, […]
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Formalwear reliance causes Ted Baker’s sales to plummet throughout COVID-19

Following today’s release of Ted Baker H1 figures for 2020/21, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Ted Baker’s troublesome performance comes as no surprise, since its specialism in formalwear increased its exposure to the impact of COVID-19, with many consumers shifting their spending towards casualwear or loungewear categories. While the retailer has attempted to adapt to these changing trends, it was too slow to mitigate falling sales in […]
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China and casualwear cushion the blow for PVH

Following today’s release of PVH figures for Q3 FY2020; Gemma Boothroyd, Retail Analyst at GlobalData, a leading data and analytics company, comments: “PVH Corp. saw performance improve across the board throughout Q3 FY2020, with all markets and channels bearing growth on Q2, thanks to the easing of COVID-19 lockdowns and online demand yielding a 36% […]
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Aldi’s Deliveroo experiment reveals Christmas e-commerce potential for discounters

As e-commerce and delivery ramp up – due to Christmas, COVID-19 and lockdowns – German discounter, Aldi, has expanded its tie-up with Deliveroo to almost 130 of its 900 stores in the UK and would extend a click and collect trial to an additional 200 stores by Christmas. COVID-19 has resulted in online grocery shopping almost doubling Aldi’s share of total UK grocery […]
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All talk no action from US firms looking to nearshore garment production, says GlobalData

Garment factories close to the US looking to steal share from China makers must address fabric production infrastructure and expand into more categories if they hope to convince brands to relocate, says GlobalData, a leading data and analytics company. The conversation around nearshoring has intensified in the time between the US declaring a trade war with China and the arrival of COVID-19, with more brands looking to exit the sourcing powerhouse to lessen the risk of […]
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Strong demand for decorative DIY strengthens Topps’ performance

Following today’s release of Topps Tiles FY figures for FY2019/20; Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Topps Tiles is a beneficiary of consumers decorating their homes, with retail like-for-like sales rising 19.6% in the first eight weeks of FY2020/21, boosted by consumers staying home amid the second lockdown. This follows a successful Q4 […]
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The collapse of Debenhams and the Arcadia group was inevitable

Following the news that Arcadia has fallen into administration, and that Debenhams it set to close all its stores; Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “While Debenhams and Arcadia were both already in trouble before the pandemic hit, the drastic increase in online […]
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A break up of Arcadia’s brands is the only way for survival

Following the news that the Arcadia Group is on the brink of administration; Chloe Collins, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Arcadia’s brands have been losing relevance for years and have suffered from a lack of innovation and investment – especially in digital, with […]
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Time is almost up for Arcadia’s dated brands

The Arcadia group is reportedly on the brink of administration. Sofie Willmott, Content Head of Apparel at GlobalData, a leading data and analytics company, offers her view on this news: “Arcadia’s stable of brands have lost relevance in recent years, with more appealing and innovative retailers that better target their shoppers, such as ASOS and […]
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Textile waste must be fashion industry’s next raw material

The COVID-19 pandemic has acted to further galvanise consumers in demanding more responsible products and fashion firms already have the necessary tools at hand, writes GlobalData, a leading data and analytics company. Beth Wright, Apparel Correspondent for GlobalData, comments: “The pandemic has given rise to the more responsible consumer, particularly among millennials and Gen Z, who are […]
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Pet-market growth bodes well for Pets at Home despite profit drop

Following today’s release of Pets at Home H1 figures for 2020/21, Jonathan Rock, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘A remarkable second-quarter performance from Pets at Home supported the retailer’s first-half result as the pet-care market proved resilient to the pandemic. Group LFL revenue grew 5.3% in H1, including 12.7% growth in […]
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Kingfisher retains the crown in DIY market

Following today’s release of Kingfisher Q3 figures for FY2020/21; Matthew Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Kingfisher has continued to ride the momentum in the DIY & gardening market as its UK & Ireland sales grew by 21.5% for the three months to October to £1,576m. Sales were strong across both weather related and non-weather related categories, up 45.2% and 18.5% […]
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Despite an exceptional H1, Halfords lacks a route out of H2

Following today’s release of Halfords H1 figures for FY2020/21; Jonathan Rock, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Halfords has emerged as a clear beneficiary of the pandemic so far, supported by trends such as a long-lasting cycling boom and the staycation fashion. The retailer achieved strong group revenue growth and more than doubled its profits over H1, and in most recent trading (five weeks to 5 November), cycling revenue grew and motoring remained resilient. It also […]
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Arriving owners need to bring inspiration to refresh bland ASDA strategy, says GlobalData

Following today’s release of ASDA Q3 figures for 2020, Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘ASDA’s monotonous Q3 results expose why the supermarket needs incoming new owners Issa brothers and TDR Capital (to be completed in H1 2021) to bring in a fresh view. The 2.7% rise in ex. fuel l-f-l sales and 72% sales increase across ASDA.com and […]
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Support for female garment workers is crucial, says GlobalData

With female garment factory workers among those hardest hit by the global COVID-19 pandemic, new initiatives to close the gender gap are a step in the right direction, writes GlobalData, a leading data and analytics company. The COVID-19 crisis has already had a disproportionate impact on apparel suppliers, with order cancellations, reduced demand and lockdowns leading to widespread worker layoffs and […]
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COVID-19 causes fashion retailers to re-evaluate business model to make products recyclable, says GlobalData

COVID-19 has slowed down the majority of fashion retailers, but, as lockdown continues, fashion firms are begining to regain their positions in the market through re-evaluation of their current business models. Fashion retailers must strip back the layers within the supply chain to make more responsible choices when it comes to raw materials and designing products with the next iteration already in mind, says GlobalData, a leading data and analytics company. Beth Wright, Apparel […]
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Skechers finds its footing thanks to its core, casual offering

Following today’s release of Skechers Q3 figures for 2020, Gemma Boothroyd, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Skechers got back up on its feet in Q3 thanks to COVID-impacted consumer preference for its core strengths of comfortable, casual footwear at an accessible price point. With total Q3 sales of $1.3bn […]
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