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GlobalData
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Retail

Once again, M&S finds slow and steady does not win the race

Following today’s release of Marks & Spencer FY figures for 2019/20, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Despite M&S working through its transformation plan over the last few years, its UK performance continued to deteriorate in FY2019/20 and since then COVID-19 has caused sales to nosedive (down […]
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Time is running out for French Connection

French Connection will run out of cash in coming months if current trading levels continue and it cannot secure additional funding. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “French Connection was struggling before the COVID-19 pandemic hit, but with the outbreak significantly impacting demand for apparel and […]
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ASDA lags behind other Walmart countries and its competitors

Following today’s release of ASDA Q1 figures for FY2020/21, Patrick O’Brien, UK Retail Research Director at GlobalData, a leading data and analytics company, comments: ‘‘Like-for-like grocery growth of 3.5% would normally be enough to impress us, but ASDA’s performance pales somewhat when compared to others, indicating that it has struggled to adapt to the COVID-19 crisis as well its rivals. […]
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Topps must find a balance between price and design

Following today’s release of Topps Tiles H1 figures for 2019/20, Matthew Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Rob Parker’s baptism of fire as Topps Tiles’ new chief executive continues with retail trading down by around 80% in April, despite online sales being nearly three times up on pre-crisis levels. Topps’ […]
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N Brown has failed to capitalise on COVID-19 shifting spend online

Following today’s release of N Brown figures for the 6 weeks ending 16 May, Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Despite N Brown’s performance improving in the last six weeks compared to when the UK lockdown initially caused sales to plummet, the retailer has struggled to capitalise on demand shifting […]
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Aldi eager to gain share of the fastest growing area of retail

Aldi is trialling a home delivery service in partnership with Deliveroo, offering 150 Aldi products in as little as 30 minutes. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “With online food & grocery spend forecast to rocket by 25.5% this year in response to […]
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COVID-19 to have long-term positive impact on ecommerce, says GlobalData

Ecommerce is playing a critical role in the fight against COVID-19, with online retailers experiencing a flood of orders from customers confined to their homes, says GlobalData, a leading data and analytics company. GlobalData’s recent report, COVID-19 Impact on Ecommerce, reveals that COVID-19 will have a long-term positive effect on the ecommerce sector, with even […]
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Reopening clothing factories must proceed with caution, says GlobalData

As clothing factories across the globe start to resume production following country-wide lockdowns imposed to stem the flow of the coronavirus, it is essential that they proceed slowly and receive the necessary support to do so safely, writes GlobalData, a leading data and analytics company.  The reopening of factories offers a lifeline to millions of […]
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Retailers must act quickly to bring stores safely back into action

As non-essential stores re-open they will face numerous challenges including the high costs of implementing safety measures, the need to gain shoppers’ trust, and increased supply chain costs, says GlobalData, a leading data and analytics company. Emily Salter, Retail Analyst at GlobalData, comments: “Retailers’ primary focus must be on safety as this will be at […]
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The boohoo group is in a unique position but must choose acquisitions carefully

The boohoo group has announced a £200m share placing and intends to use the net proceeds of the placing to take advantage of global opportunities that are likely to emerge in coming months; Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “The boohoo group is in a much more fortunate position than most other clothing & footwear specialists, significantly helped by its online only selling model which has left it free from most of the costly problems that […]
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UK consumers are feeling more positive about COVID-19

The UK population is feeling more optimistic about the outlook with 34.9% of consumers expecting the coronavirus situation to improve over the next month*, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Following seven weeks in lockdown, the British public are starting to feel more optimistic about the future. Just 8.5% expect the situation to get a lot worse over the next month […]
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Global apparel spend forecast to plummet by nearly $300bn in 2020

Apparel is set to be the hardest hit retail sector by the COVID-19 pandemic with the global apparel market forecast to decline 15.2% this year (equivalent to $297bn), says GlobalData, a leading data and analytics company. Honor Strachan, Principal Analyst at GlobalData, comments: “The 10 worst impacted markets, in terms of value, will represent the vast majority of this total loss with mature regions suffering the hardest – the US will account for […]
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Garden centres set for a rosy return as gardening is the second most popular lockdown activity

Garden centres in the UK that have been allowed to re-open today as lockdown restrictions are eased, can expect to see high footfall as the British public use additional time at home to spruce up their gardens, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Gardening is the second top activity that consumers expect to do more of during lockdown, only behind watching TV. Amongst over 55’s, over half expect to do more gardening as those already interested in horticulture take advantage of the warmer […]
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Morrisons’ Speedy Shopping concept needs refinement, says GlobalData

Following the news that Morrisons is rolling out a shopping system for customers doing smaller shops to help them get in and out more quickly: Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Morrisons’ “Speedy” system does indeed offer a convenient way for small-basket shoppers […]
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Retailers without online presence threatened as 26.0% of UK shoppers plan to spend more online after COVID-19

With over a quarter of shoppers now planning to spend more online after the COVID-19 restrictions are lifted, retailers with a limited (or no) online proposition must consider investment in order to remain competitive, says GlobalData, a leading data and analytics company. Thomas Brereton, Retail Analyst at GlobalData, offers his view: “Almost all non-food physical […]
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Target’s bold acquisition will help it catch up to its rivals

Following the news that Target is in the process of acquiring same-day delivery technology from Deliv; Luke Gowland, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “This acquisition will enable Target to improve its position within several areas ofretail, including ecommerce, delivery efficiency and speed, and smart supply chain, ensuring […]
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The show goes on as COVID-19 shakes up fashion event calendar

The global coronavirus pandemic has led to the cancellation of a number of fashion industry events, but organisers are keeping the shows on the road by successfully turning to new virtual forums instead, says GlobalData, a leading data and analytics company. Beth Wright, Apparel Correspondent for GlobalData, comments: “Health and travel concerns have rocked the […]
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