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Retail

Under Armour’s sales rebound as sportswear specialism maintains demand, says GlobalData

Following today’s release of Under Armour Q3 figures for 2020, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Despite COVID-19 continuing to have a devastating impact on the global clothing & footwear sector, Under Armour has successfully bounced back during Q3 FY2020, with sales rising by $3.6m to $1.4bn. Growth was driven by its sportswear specialism, which has retained significant demand among shoppers […]
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Nimble Next will fare far better than most fashion retailers this year

Following today’s release of Next Q3 figures for FY2020/21, Emily Stella, Lead Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Consumer demand is currently anything but constant, and Next’s weekly sales over this quarter reflect that. The retailer’s revenue spiked in August as consumers experienced renewed confidence and headed to stores with vigour after lockdown, but sales tapered off […]
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Lack of demand and unfavourable business rates drives Shoe Zone to reduce portfolio by c.20%, says GlobalData

Following today’s release of Shoe Zone FY figures for 2019/20, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Shoe Zone’s footwear specialism has significantly hindered its performance during the pandemic, with its revenue during H2 FY2019/20 falling by c.40%, causing its share price to tumble by c.20% in early morning trading. Shoe Zone has announced that it now plans to shutter up to 90 of its 460 stores over […]
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The Entertainer hit by lack of toy innovation

Following today’s release of The Entertainer FY figures for 2019/20, Jonathan Rock, Retail Analyst at GlobalData, a leading data and analytics company, comments: “A lack of toy crazes and challenging high-street conditions decimated profit at The Entertainer in the year ending January 2020, falling 28.6%. Thankfully, the integration of the Early Learning Centre (ELC) brand, […]
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Kering displays resilience thanks to Bottega Veneta’s success and US and Asian demand

Following today’s release of Kering Q3 figures for 2019/20, Chloe Collins, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Despite the COVID-19 crisis continuing to hit the luxury fashion industry hard, as a result of tourism restrictions and economic uncertainty, Kering has showcased impressive resilience. Revenue between July and September only […]
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Wickes continues to outshine the Travis Perkins group

Following today’s release of Travis Perkins Q3 figures for 2020, Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Following a catastrophic H1, Travis Perkins is on the mend thanks to demand within the Repair, Maintenance and Improvement (RMI) sector; while the group experienced a subdued August, l-f-l sales grew 8% in September as normality resumed. High levels of domestic projects drove sales at Toolstation and Wickes, where total sales in […]
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Dunelm shrugs off damage caused by initial lockdown sales slump

Following today’s release of Dunelm Q1 figures for 2020/21, Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Dunelm has made a comeback from its initial setback caused by the lockdown period, with total group sales growing a staggering 36.7% to £359.1m in Q1 2020/21 against a strong comparative the previous […]
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AO World capitalises on COVID-19 shift to online

Following today’s release of AO World H1 figures for 2020/21, Zoe Mills, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘AO World has produced a strong set of H1 results as it benefits from the shift to online during the height of the COVID-19 pandemic. With the UK online electricals market forecast to grow 22.0% in 2020, AO World is set to gain significant market share owing to its competitive proposition. While a temporary shift to online was to be […]
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Reliance on Asian markets and casual product ranges aids Fast Retailing throughout COVID-19

Following today’s release of Fast Retailing FY figures for 2019/20, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Though Fast Retailing has experienced a significant sales decline globally as a result of the pandemic, with revenue falling by ¥281.7bn to ¥2,008bn in FY2019/20, it has managed to outperform many of its fashion counterparts. It has been aided by […]
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ASOS takes COVID-19 in its stride and emerges a clear winner in 2020,

Following today’s release of ASOS FY figures for 2019/20, Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, comments: “ASOS has reaped the rewards of its online pureplay business model and its ability to rapidly evolve to meet the changing needs of its customers, despite its reliance on clothing & footwear which […]
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Digital sway drove Lululemon’s sentiments

Athletic apparel designer Lululemon witnessed Q2 2020* sentiments grow by around 19% compared to Q1 2020 on the back of sales growth driven by its e-commerce boom, says GlobalData, a leading data and analytics company. Rinaldo Pereira, Senior Analyst at GlobalData, says: “While uncertainty due to the COVID-19 pandemic impacted sentiments in Lululemon’s Q4 2019 transcript, shuttered stores during Q1 2020 did […]
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An older customer base, reluctant to visit stores, leaves Edinburgh Woollen Mill’s future in jeopardy

Following the news that the Edinburgh Woollen Mill Group has filed a notice to appoint administrators, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “The Edinburgh Woollen Mill group’s reliance on older customers will have exacerbated its struggles throughout the COVID-19 pandemic, as these shoppers […]
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New CEO takes the reigns at steadfast Tesco

Following today’s release of Tesco H1 figures for 2020/21, Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Tesco’s eagerly anticipated H1 results reveal an impressive performance amid an incredibly tough backdrop, navigating the choppy waters of COVID-19 to deliver strong growth in its core UK & ROI market. Although total sales suffered as non-food sectors fell […]
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Clarks lost its footing way before COVID-19 as it lacks adaptability

Following the news that Clarks is reportedly preparing to launch a CVA: Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Clarks’ reported proposal to shutter around 50 of its stores as part of a CVA is long overdue, as its lack of decisive action in recent years has put it in a far weaker position than it should […]
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India’s retail sector to witness next wave of growth in unorganized segment driven by technology, says GlobalData

Despite the exponential growth of e-commerce and digital retail stores, India’s retail sector is still mostly unorganized, particularly in non-metropolitan areas. During the government-imposed lockdown due to COVID-19 pandemic, organized retailers of non-essential goods registered steep losses. However, technology has restored the faith of consumers in local stores as they remained operational even during the […]
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H&M gradually recovering from COVID-19 despite online lagging behind

Following today’s release of H&M Q3 figures for 2019/20, Sofie Willmott, Content Head of Apparel at GlobalData, a leading data and analytics company, comments: “Despite an improving trend in its global sales performance following a terrible Q2 (March-May) when group sales declined 50%, H&M’s online channel has not picked up the slack of store closures […]
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COVID-19 helps accelerate transition towards digital payments in India’s retail industry, says GlobalData

The COVID-19 pandemic has caused a fundamental shift in the way customers make their retail payments, particularly in the emerging economies like India. Though customers were slowly marching towards digital payments over the past few years, the COVID-19 crisis has swiftly condensed the transactions of card payments, online commerce, contactless transactions and digital wallets in […]
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