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Retail

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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Brands must make sustainability efforts clear on clothing labels

Clothing labels need to be clearer when it comes to showing how a product is sustainable, as transparency continues to be a key driver of purchasing decisions, says GlobalData, a leading data and analytics company. Hannah Abdulla, Apparel Correspondent at GlobalData, says: “Sustainability is fast approaching a point where it is non-negotiable. “Consumers are actively looking at clothing labels to see how the […]
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Halfords rides to higher profit expectations as COVID-19 continues to drive cycling demand

Following the news that Halfords has increased its profit before tax guidance for H1 FY2020/21 to £55m, up from £35-40m: Jonathan Rock, Associate Retail Analyst at GlobalData, a leading data and analytics company, offers his view on this news; “Halfords has continued to excel in September driven by a dramatic increase in cycling sales thanks to the prolonged warm weather, and rising fears surrounding a second peak of COVID-19 leading consumers to avoid public […]
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The boohoo group excels in the face of COVID-19

Following today’s release of boohoo group H1 figures for FY2020/21, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “The boohoo group has emerged from the first wave of COVID-19 and resulting economic uncertainty unscathed, with sales growth accelerating versus last year as its flexible marketing and product proposition allowed its […]
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Strong demand for decorative DIY strengthens Topps’ performance

Following today’s release of Topps Tiles FY figures for 2019/20, Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Topps Tiles has benefited from consumers decorating their homes, with average weekly sales in September up 14% to £4.6m and orders yet to be fulfilled at the start of FY2020/21 ahead of […]
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N Brown struggles to boost sales despite its online focus

Following today’s release of N Brown H1 figures for 2020/21, Alex Hardy, Retail Analyst at GlobalData, a leading data and analytics company, comments: “A dependence on apparel, as well as an older customer base, stifled N Brown’s performance in the first half of FY2020/21, with group revenue falling 17.6%. While the older age groups are […]
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Boycotting Xinjiang cotton will be no easy feat

The United States is moving forward with legislation that would effectively ban cotton imports from China’s Xinjiang province over potential links to forced labour – but such a step would be a massive challenge for the apparel industry, according to GlobalData, a leading data and analytics company. The Uygur Forced Labour Prevention Act shifts the goalposts on forced labour by requiring […]
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Tesco’s ambitious new sales targets appeal to 65% of UK consumers

Following recent news that Tesco intends to set a plant-based sales target of 300% growth in the next five years; Frederick Diamond, Consumer Analyst at GlobalData, a leading market research company, offers his view on what Tesco’s announcement means: “Tesco’s ambitious new sales targets serve to reinforce the notion that the future is plant-based. Health fears provoked by the pandemic, an increased media focus on the environmental impact of livestock, and advances in food-processing technology as a result and driver of this growing […]
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Hotel Chocolat’s gifting focus protects it from the worst of COVID-19

Following today’s release of Hotel Chocolat FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Premium British chocolatier Hotel Chocolat has managed to maintain sales growth despite a 14% decline in revenue in H2 as it was afforded some protection from the impacts of COVID-19 by its […]
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Card Factory’s shuttered stores drag down overall performance

Following today’s release of Card Factory H1 figures for 2020/21, Zoe Mills, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Card Factory has announced a dismal set of results, hampered by its reliance on its store network and closures due to lockdown measures in the UK and Ireland. While Card Factory […]
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ScS is well positioned ahead of a challenging end to 2020

Following today’s release of ScS FY figures for 2019/20, Matt Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “The shape of ScS’ financial year largely mirrors competitors; orders at ScS contracted 92.5% during lockdown before they roared back since re-opening, increasing by 92.2% during the final nine weeks of its […]
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B&M is a clear winner during COVID-19

Following today’s release of B&M H1 figures for 2020/21, Amy Higginbotham, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Lockdown in the UK provided a suitable environment for B&M to thrive. The group expects adjusted EBITDA for its first half to reach £285m, exceeding expectations of £250m-£270m set out at the end […]
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Pets at Home excelling during COVID

Pets at Home expects full-year underlying pre-tax profit to exceed current market expectations, after revealing “double-digit LFL growth” through the eight weeks to 10 September 2020 across its Retail and Veterinary operations. Jonathan Rock, Associate Retail Analyst at GlobalData, a leading data and analytics company, offers his view on this news: “Whilst naturally more resilient […]
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European manufacturers look to Turkey to achieve sustainability

European clothing brands are currently looking to nearshore more of their products, and Turkey is proving to be a solid contender for these manufacturers, as they strategically plan to implement sustainability efforts, says GlobalData, a leading data and analytics company. Thanks to its close proximity to the European Union and duty-free access through the Euro-Mediterranean Economic Partnership Agreement and the EU Customs Union, Europe is presently the largest market for Turkey‘s ready-made garments. However, […]
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Spend shift to home renovations continues to power Kingfisher

Following today’s release of Kingfisher H1 figures for FY2020/21, Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Consumer momentum to shop online is not slowing down, with e-commerce sales at Kingfisher up 158.2% in its Q3 to date as the DIY specialist continues to improve its e-commerce capabilities through its […]
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