Retail

Retail

Under 35s are less concerned about COVID-19 and expect their lives to return to normal sooner

Younger consumers in the UK feel more optimistic than those over 35 and are likely to be more willing to embrace the lockdown loosening when it happens. Retailers will be eager to bring shoppers back into their stores after weeks of being closed and those targeting younger consumers are likely to see footfall return more […]

Retail

Like Laura Ashley, Oasis and Warehouse’s stores are unwanted

Clothing brands Oasis and Warehouse have been bought by Hilco but the deal excludes their stores. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Like the Gordon Brothers’ rescue deal for Laura Ashley, investment firm Hilco’s purchase of the Oasis and Warehouse brands excludes their […]

Retail

Sainsbury’s defers dividends as it braces for COVID-19 profit impact of over £500m

Following today’s release of Sainsbury’s FY figures for 2019/20, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘After a fairly successful Q3 (Christmas) trading period, Sainsbury’s was likely feeling optimistic about 2020. But the arrival of COVID-19 has – as with all of its multi-sector rivals – upended plans as it […]

Retail

The online channel is failing to offset revenue lost from retail store closures following Adidas’ Q1 results

Following the news that Adidas reported a 19% decline in net sales in the first quarter of 2020; Luke Gowland, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on the company’s current challenges: “Adidas has suffered at the hands of COVID-19. The brand has reported a decline in net profits […]

Retail

Next lowers outlook but is still in a better position than many rivals

Following today’s release of Next Q1 figures for 2020/21, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Since it initially updated on its full year outlook in mid-March, Next’s worst case scenario has gone from bad to much worse with full-price sales now expected to fall up to 40% (versus its […]

Retail

Dixons Carphone’s online sales unable to counteract the loss of store sales as a result of COVID-19

Following today’s release of Dixons Carphone’s figures for the five weeks ending 25 April 2020. Zoe Mills, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Dixons Carphone has had a difficult time of late, particularly within its mobile business, and while the impact of the COVID-19 pandemic has resulted in an uplift in […]

Retail

Direct-to-consumer to attract 49% of brand comfort seekers during UK’s lockdown

Big food brands are offering direct-to-consumer home delivery services for the first time amid the COVID-19 lockdown. This comes as no surprise given the in-store shopping restrictions and subsequent comfort seeking from consumers. Due to the current situation, high levels of uncertainty surround consumers’ everyday lives, and as a result they are seeking comfort in […]

Retail

Reopening stores would help Wickes compete

Following today’s release of Travis Perkins Q1 figures for 2020, Georgina Sreeves, Associate Retail Analyst at GlobalData, a leading data and analytics company, comments: “Store closures as part of the UK lockdown measures imposed on 23 March have decimated sales at Travis Perkins; in the first three weeks of April, Group revenue was just one-third of the […]

Retail

Ocado’s Solutions model validated by online grocery demand in COVID-19

Following the news that Ocado has launched its first fulfilment centre in North America with Canadian supermarket Sobeys, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “As COVID-19 continues to raise demand for home delivery from food retailers, the opening of one of Ocado’s automation-heavy customer fulfilment centres (CFC) in Canada could not come soon enough. Demand has […]

Retail

COVID-19 threatens foodservice operators with almost half of consumers cooking more at home

43.1% of consumers globally say they are spending more time cooking at home during the COVID crisis, which is hindering demand for takeaway services, says GlobalData, a leading data and analytics company. Following the latest publication of GlobalData Retail’s weekly consumer tracker, which surveys over 5,000 respondents across 11 countries about their habits during the […]

Retail

COVID-19 will cause global retail spend to fall by $549.7bn in 2020

With almost 3 million cases of coronavirus worldwide and numerous countries enforcing lockdowns, global retail spend is anticipated to fall 3.0% in 2020, equating to $549.7bn, in comparison to a previously expected rise of 5.0% prior to COVID-19 (+$927.7bn), says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “North […]

Retail

Retail sector witnesses growth in deal activity during the week ended April 19

The number of deals announced in the global retail sector increased by 31.8% during the week ended April 19, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Analyst at GlobalData, comments: “Deal activity in the retail sector has remained subdued since the COVID-19 outbreak and has now rebounded after two […]

Retail

Non-food retailers will be looking to learn from B&Q reopening stores

DIY retailer B&Q has now re-opened 75 UK stores. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “B&Q has reopened 75 of its stores to better capitalise on demand for DIY items as consumers stay home and its website struggles to cope under the […]

Retail

Fashion failures have more chance of revival without store portfolio

Investment firm Gordon Brothers has acquired the rights to the Laura Ashley brands but its 147 stores are not included in the deal. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Laura Ashley’s sale agreement with its stores excluded, brings more bad news for retail […]

Banking, Retail

Goldman Sachs is top financial adviser globally in retail sector by M&A value in coronavirus-hit Q1 2020, says GlobalData

Goldman Sachs has dominated the M&A financial advisers league table based on deal value in the first quarter of 2020, according to GlobalData, a leading data and analytics company. The US-based firm secured the top spot by advising on two deals worth US$10.9bn. GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity […]

Retail

The boohoo group is well-placed to face COVID-19

Following today’s release of boohoo group FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Well positioned to deal with the impacts of COVID-19, the boohoo group has reported another set of enviable results, with group revenue rising 44.1%, ahead of the revised group expectations of 40-42% […]

Retail

Grocers not immune from decimated demand for clothing & footwear

ASDA is reducing payments to suppliers on a quarter of its clothing orders. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “As the fourth biggest player in the UK clothing market in 2019 with 3.4% market share, ASDA is cutting back on the cost of stock that it knows will […]

Retail

Nosedive in UK consumer confidence will be unwelcome news for retailers

The UK future sentiment index plummeted in April to the lowest level seen since tracking began in April 2012, pulled down by pessimistic feeling around the future of the UK economy and bringing bad news for retailers that will be hoping for a post-lockdown pickup in spend, says GlobalData, a leading data and analytics company. […]

Retail

IKEA’s purchase of Geomagical Labs demonstrates augmented reality’s potential in retail

Following the news that IKEA has acquired augmented reality (AR) start-up Geomagical Labs; Wafaa Hassan, analyst at GlobalData, a leading data and analytics company, offers her view: “As one of the early investors of AR, IKEA’s acquisition of Geomagical Labs gives its customers the opportunity to see how products will look in their homes without […]

Retail

Wide assortment and strong online channel offers protection to John Lewis & Partners

Following today’s release of John Lewis 5 and 12 week figures for weeks ending 18 April 2020, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Although it is in a better position than many other UK non-food retailers thanks to its strong brand image, robust online proposition and broad product […]

Prev 1 … 23 24 25 26 27 … 36 Next

Under 35s are less concerned about COVID-19 and expect their lives to return to normal sooner

Like Laura Ashley, Oasis and Warehouse’s stores are unwanted

Sainsbury’s defers dividends as it braces for COVID-19 profit impact of over £500m

The online channel is failing to offset revenue lost from retail store closures following Adidas’ Q1 results

Next lowers outlook but is still in a better position than many rivals

Dixons Carphone’s online sales unable to counteract the loss of store sales as a result of COVID-19

Direct-to-consumer to attract 49% of brand comfort seekers during UK’s lockdown

Reopening stores would help Wickes compete

Ocado’s Solutions model validated by online grocery demand in COVID-19

COVID-19 threatens foodservice operators with almost half of consumers cooking more at home

COVID-19 will cause global retail spend to fall by $549.7bn in 2020

Retail sector witnesses growth in deal activity during the week ended April 19

Non-food retailers will be looking to learn from B&Q reopening stores

Fashion failures have more chance of revival without store portfolio

Goldman Sachs is top financial adviser globally in retail sector by M&A value in coronavirus-hit Q1 2020, says GlobalData

The boohoo group is well-placed to face COVID-19

Grocers not immune from decimated demand for clothing & footwear

Nosedive in UK consumer confidence will be unwelcome news for retailers

IKEA’s purchase of Geomagical Labs demonstrates augmented reality’s potential in retail

Wide assortment and strong online channel offers protection to John Lewis & Partners

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