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GlobalData
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Retail

N Brown suffers during lockdown due to heavy reliance on apparel

Following today’s release of N Brown FY figures for 2019/20, and Q1 figures for FY2020/21; Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: “The lack of demand for clothing & footwear during the UK lockdown period has severely hindered the start of FY2020/21 for N Brown as its older […]
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Product limits must be quickly introduced in the event of local outbreaks of COVID-19

Following the news that Australian grocer Woolworths is reintroducing product limits on select categories in Victoria following a localised outbreak; Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Woolworths’ reintroduction of purchasing limits across some core categories shows that the grocery market’s recovery to normality […]
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Poundland’s profits slashed by COVID-19 pandemic

Following today’s release of Poundland H1 figures for 2019/20, Hannah Richards, Retail Analyst at GlobalData, a leading data and analytics company, comments: “The COVID-19 outbreak has severely impacted trading and tarnished its performance in what could have been an excellent half for the Pepco Group. In the five months to February 2020, Pepco achieved 14.4% revenue growth […]
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Gear4music in harmony with consumers using COVID-19 to explore new hobbies

Following today’s release of Gear4music FY figures for 2019/20, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: “It would be difficult to find more nurturing environment for an online-only musical instrument retailer than what is the new normal for many consumers around the world. With shoppers on lockdown and finding […]
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Store closures at Shoe Zone as COVID-19 lockdown hits footwear demand

Following today’s release of Shoe Zone H1 figures for 2019/20, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: “While Shoe Zone made a promising start to FY2019/20, with total revenue up 2.6% to February, the impact of COVID-19 has drastically hindered its resurgence, as its entire estate was forced to temporarily […]
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COVID-19 will strike off US$50bn from the global duty free market in 2020

COVID-19 will cause 2020 global duty free spend to plummet 68.4% (equivalent to US$50bn) versus GlobalData’s pre-crisis market size, declining 65.4% on 2019. While lockdown procedures across the global are gradually being lifted and replaced with social distancing and personal safety measures, the global duty free market will be the last retail channel to see […]
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40% of UK consumers plan to visit shopping centres less often post-COVID-19

Seen as prime destinations before COVID-19 hit, flagship shopping centres will take a long time to attract the same number of consumers back with many shunning the locations to avoid potentially crowded areas and unnecessary travel, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Supermalls and flagship shopping […]
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1.3 million UK consumers have bought a bike since COVID-19 hit

Almost 5% of UK consumers have bought a bike since the beginning of the coronavirus crisis, encouraged by good weather, a desire to get outdoors to exercise as well as the government’s advice to avoid public transport*, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “As much of […]
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B&M well placed to cope with COVID-19 as sales soar

Following today’s release of B&M FY figures for 2019/20, Hannah Richards, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Despite the global disruption of COVID-19, B&M has emerged as one of retail’s most resilient players, delivering admirable revenue growth amid challenging times. B&M fascia revenue increased by £350.7m to £3.1bn in FY2019/20, while […]
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Clothes top of the list for those ready to return to shops

While the majority of UK consumers plan to prioritise spending time with friends and family when lockdown restrictions are lifted, 16.0% aim to spend time shopping for non-food items, with over two-thirds looking forward to purchasing clothing items*, as they start to anticipate more social activities and buy into new season trends, says GlobalData, a […]
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16-24s are the most eager to return to shops

Just over half of UK consumers are willing to visit non-essential stores once lockdown restrictions are lifted, with 16-24 year olds the most enthusiastic with 66.8% feeling comfortable returning to shops*, says GlobalData, a leading data and analytics company.  Sofie Willmott, Lead Retail Analyst at GlobalData, comments: “With the fatal risk of COVID-19 much lower […]
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