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The UK online food & grocery retail market is now forecast to grow 25.5% in 2020, as major supermarkets such as Tesco, Sainsbury’s and Waitrose expand fulfilment capacity to meet the raised demand from housebound consumers, says GlobalData, a leading data and analytics company. Following the latest publication of GlobalData UK retail market forecasts, Thomas […]
Sweden forgoes lockdown protecting 2020 retail spend
Sweden’s retail market is set to be one of the better performing in Europe in 2020, only marginally declining 0.4%, as it is yet to impose a lockdown (and does not plan to) in contrast to many other European countries including Spain, Italy, France and the UK, says GlobalData, a leading data and analytics company. […]
Retailers reliant on Love Island will struggle to replicate the boost it brings
The Love Island 2020 summer series has been postponed to 2021. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Many retailers targeting 16-24s will have been banking on their Love Island partnerships drawing in new customers this summer and will be left wondering how they […]
Wilko’s weak like-for-likes show offer is not resonating
Following today’s release of Wilko FY figures for 2019/20, Matt Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘New chief executive Jerome Saint-Marc has his work cut out for him as sales fell again for the financial year ending February 2020, down 5.7% to £1.47bn, while its closest rivals continue to […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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. […]
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 […]