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Following today’s release of ASOS figures for the four months to 30 June 2020, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘As an online pureplay ASOS has had a lot less problems to deal with than many of its store-operating competitors in recent months but despite this, it still […]
Strong online performance not enough to push Dixons Carphone into positive territory
Following today’s release of Dixons Carphone FY figures for 2019/20, Zoe Mills, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Despite a strong performance online, Dixons Carphone’s mobile phone arm held back its performance with both group sales and profit witnessing a notable decline. Its results continue to be polarised with UK […]
Sales loss in Q4 will not dampen long-term prospects for Dunelm
Following today’s release of Dunelm Q4 figures for FY2020, Emily Stella, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Dunelm’s Q4 results paint a similar picture to other non-essential retailers over the lockdown period: sky-high online sales growth that cannot counterbalance devastated store sales. But, there is one difference, which is that […]
Face mask requirement is yet another blow for non-essential retailers
Following the news that face masks will be compulsory in England’s shops from 24 July 2020, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “Shopping for non-essential items is already less appealing than pre-COVID due to the queuing involved, the inability to try items […]
AO World benefits as COVID-19 encourages online purchases
Following today’s release of AO FY figures for 2019/20, Zoe Mills, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘AO World has produced a strong set of results in the UK while its European arm faltered – a reversal of fortunes for the electricals specialist compared to recent years, owing to the […]
Ocado running at full speed as it preps for imminent switch to M&S products
Following today’s release of Ocado H1 figures for 2019/20, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘When viewed in isolation, Ocado’s H1 retail revenue growth figure of +27.2% makes it look like it has thrived through the crisis. COVID-19 lockdown restrictions (and a desire from consumers to avoid stores) created a […]
Future trading conditions will have DFS sitting on pins and needles despite initial surge in orders
Following today’s release of DFS FY figures for 2019/20, Matthew Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘DFS, the first furniture specialist to announce how it has been affected by the COVID-19 pandemic, has reported a revenue drop of 27.2% for FY2019/20 to circa £725m, as second-half revenue fell by over […]
boohoo allegations mark a turning point in fashion’s transparency problem, says GlobalData
As the boohoo group faces allegations of modern slavery in a supplier’s factory in Leicester, ASOS, Zalando and Next have removed products from its brands. Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Though questions about boohoo’s ethics have not hindered its impressive growth previously, […]
Chancellor’s summer statement fails to address the core problems for retail
Following the series of measures announced by the Chancellor of the Exchequer to aid economic recovery, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view: “Retailers will undoubtedly be feeling left out from the Chancellor’s statement earlier today. While some comparable sectors received lifelines (e.g. the “Eat out to […]
Food boxes prepped to stay on the menu at supermarkets as 64.5% of customers would buy again
Prepacked food boxes are proving a popular option for the growing number of shoppers prioritising speed of delivery over flexibility of product choice, says GlobalData, a leading data and analytics company. Thomas Brereton, Analyst at GlobalData, comments: “While only 10.3% of UK shoppers have purchased a food box from a supermarket since the start of […]
Athleisure affords JD Sports greater protection from COVID-19
Following today’s release of JD Sports FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Following another strong year in FY2019/20 delivering results that other clothing players would envy, JD Sports now has plenty of problems on its plate trying to make a success of recently bought back […]
Shopping malls adopt the enemy, online, to help survive COVID-19, says GlobalData
The COVID-19 crisis has led to the temporary closure of most shopping malls not only in the Asia-Pacific (APAC) but also globally amid the lockdown measures. With the situation easing and shopping centers beginning to reopen, the visitors’ number is likely to return to normalcy only in 2021. Hence, customers are becoming more inclined towards […]
Value offer will enable Primark to retain appeal following COVID-19
Following today’s release of Primark Q3 YTD figures for 2019/20, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Though Primark has severely suffered since the outbreak of COVID-19, as store closures and a lack of a transactional website forced it to suspend trading for nearly three months, its sales since reopening […]
Robust digital operations puts Sainsbury’s in good stead to handle shifting channel demand
Following today’s release of Sainsbury’s Q1 figures for FY2020/21, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Sainsbury’s Q1 results are a pleasing read, with positives stemming largely from its ability to meet changing customer habits as a result of heavy digital investment over the past five years. Grocery sales grew […]
Retailers need to instill confidence among APAC consumers to remain relevant in post COVID-19 world, says GlobalData
As China and other markets across the Asia-Pacific (APAC) region continue to grapple with the COVID-19 pandemic, there is a visible difference in how consumer spending has changed over the course of the first half (H1) of 2020 due to the economical and psychological impacts of the virus. Against the backdrop, retailers need to instill […]
Topps buoyed by a resilient June performance
Following today’s release of Topps Tiles Q3 figures for 2019/20, Matt Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘While Topps’ average weekly sales in Q3 were less than half of last year, it will be encouraged by the strong recovery throughout the quarter with sales for the final week of […]
Athleisure set to increase its share in clothing and footwear to 18.5% by 2023 in APAC, says GlobalData
The athleisure market in the Asia-Pacific (APAC) region is no longer just a western world phenomenon. It symbolizes the millennial cultural shift as more casual workplaces have diminished the strict formal dress codes at work and beyond. The athleisure market including all clothing and footwear expenditure in the APAC region is forecast to rise to […]
As APAC luxury markets sink by US$2.1bn, brands turn to affordable luxury, says GlobalData
Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a standstill during the first half (H1) of 2020. Against this back drop, brands are turning to […]
Tesco outpaces rivals in wake of COVID-19 after doubling online capacity in five week
Following today’s release of Tesco Q1 figures for 2020/21, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘With non-retail food options cut off, consumers have shifted spend to supermarkets at an unprecedented level over the past three months, and, with its national prominence, Tesco has been the first port of call for […]
Further online investment required by H&M as Q2 sales halve and profit wiped out by COVID-19
Following today’s release of H&M H1 figures for FY2019/20, Kate Ormrod, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘H&M’s H1 performance highlights the global escalation of the COVID-19 crisis, with group sales growth of 7.7% in Q1 falling to a 50.1% decline in the second quarter, as country lockdowns and restrictions […]