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Retail

Superdry’s turnaround plan halted as COVID-19 dampens clothing demand

Following today’s release of Superdry FY figures for 2019/20, Chloe Collins, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Superdry’s woes were amplified in its final quarter of FY2019/20, with the impact of the COVID-19 pandemic stifling the appetite for new clothing and footwear. While its CEO Julian Dunkerton has had […]
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Next proves its resilience as it increases sales and profit guidance

Following today’s release of Next H1 figures for 2020/21, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Though a sobering set of results that illustrate the decimated demand for clothing & footwear due to COVID-19, Next’s H1 full-price sales growth exceeded expectations at -33.7%, and have continued to prove resilient with sales […]
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Waitrose quickly shedding unprofitable stores to raise the stakes online

Following today’s release of Waitrose & Partners H1 figures for 2020/21, Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Waitrose’s decision to close three stores (Ipswich Corn Exchange, Caldicot and Shrewsbury) and sell one more (Waitrose Wolverhampton to Tesco) is an unfortunate but necessary decision as it continues to […]
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Multichannel retail and COVID-19 Report: Consumer and retailer behavior during pandemic demonstrate online and physical sales channels form a highly competitive single retail market according to latest research by GlobalData

GlobalData’s first in-depth examination of how shopping habits have changed during the pandemic reveals thriving and fiercely competitive retail market Report finds that pandemic is increasing adoption of multichannel shopping behavior by customers, with rapid growth of buy online, pick up in-store, as well as in-store returns for online purchases Physical stores with multichannel offerings […]
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New M&S ranges warmly received at flourishing Ocado

Following today’s release of Ocado Q3 figures for 2019/20, Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Ocado Retail’s hearty quarterly revenue growth of 52.0% is undoubtedly impressive, demonstrating a notable uplift on its comparable H1 results (retail revenue +27.2%) with the business ardently trying to increase capacity to cope […]
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Despite the approval of New Look’s CVA, other retailers should not expect landlords to agree to turnover-linked rents

Following the news that New Look’s CVA has been approved, Chloe Collins, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Approval of New Look’s CVA will set a precedent for other retailers to suggest turnover-linked rent agreements for their struggling estates in the wake of COVID-19. However […]
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Morrisons’ strategy remains sensible despite heavy COVID-19 profit blow

Following today’s release of Morrisons H1 figures for 2020/21, Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Morrisons’ H1 results reiterate that the 2020 food & grocery market – despite unusually high ex. fuel revenue growth across the board – is a stressful arena to operate in at present. While ex. […]
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Online and trade drive sales and profit growth at Games Workshop

Fantasy miniature specialist Games Workshop today revealed a 15.4% increase in sales to £90m for the three months to 30 August 2020 compared to the same period last year. Alex Hardy, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on this news; “While other retailers have used online to mitigate […]
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Booms in cycling and staycations prop up Halfords

Following today’s release of Halfords’ figures for the 20 weeks ending 21 August 2020, Jonathan Rock, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Consumer demand for bicycles remains high as consumers shun public transport and seek healthier lifestyles as a result of the pandemic. This, along with a rise in staycations […]
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ScS continues to make hay while the sun shines

ScS’ surge in orders has continued into August with a 51% like-for-like increase. Matt Walton, Senior Data Analyst at GlobalData, a leading data and analytics company, offers his view on this news: “ScS has joined both DFS and Dunelm in indicating that a post-lockdown bounce back for Home retailers has continued through the summer; like-for-like […]
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Rising costs at Travis Perkins will impede investment in Wickes

Following today’s release of Travis Perkins H1 figures for FY2020, Georgina Sreeves, Associate Retail Analyst at GlobalData, a leading data and analytics company, comments: “The pandemic continues to throttle Travis Perkins as group sales declined £703m to £2,781m in H1 2020, dragged down by its plumbing & heating and merchanting businesses where sales dropped 33.3% […]
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Dunelm bounces back after share loss in Q2

Homewares retailer Dunelm today released strong sales growth results for July and August. Emily Stella, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “Over lockdown, Dunelm lost circa 0.7 percentage points of homewares market share compared with the same quarter last year. This was as competitors, namely […]
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