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GlobalData
GlobalData

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 […]
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Primark’s dominance threatened by COVID-19

Following today’s release of Primark H1 figures for 2019/20, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Though Primark’s performance for H1 FY2019/20 once again displays impressive revenue growth, particularly internationally, the outbreak of COVID-19 will drastically impact its performance for the rest of the financial year, with all of its […]
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Waitrose expands home delivery fulfilment to cope with COVID-19 demand

Following today’s release of Waitrose Q1 figures for 2020/21, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Newly appointed John Lewis Partnership Chair Sharon White has truly had a baptism by fire during her first two months in charge, as she attempts to steer the already struggling retailer through the tumultuous […]
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Amazon cannot afford to slip up on employee safety

Following the news that Amazon has shut its French warehouses after a virus safety dispute; Luke Gowland, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on the chain’s current challenges: “Amazon has been one of the few winners from the COVID-19 crisis. Latest figures show that Amazon customers are spending […]
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A third of UK shoppers spent more on groceries in March, says GlobalData

The COVID-19 pandemic dramatically impacted UK retail spend in March with 32.5% of consumers stating that they spent more on food & grocery than in February, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “The main driver of higher spend on food in March was bulk-buying with 44.8% of those that spent more than February, doing so to stock up on essential goods. With supermarkets frequently running out of items such as toilet roll, pasta and chopped tomatoes, UK consumers bought when they could, boosting food expenditure in March with […]
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COVID-19 UK lockdown shuts 382 million sq ft of retail space, impacting £14.5bn of sales

The closure of non-essential retail in the UK, now extended for another three weeks, equates to 382 million square feet of physical space out of action. This space would have generated £14.5bn of sales over that period based on 2019 sales, says GlobalData, a leading data and analytics company. Maureen Hinton, Global Retail Director at GlobalData, comments: “Measures to stop the spread of COVID-19 in the community is hitting non-food retailers the hardest, particularly clothing specialists, which account for 36% of these lost sales.” Hinton […]
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Landlords under pressure as global fashion chains set to demand rent holidays

Global fashion players operating stores in Europe’s shopping centres and high streets will be demanding, even enforcing in some countries such as Spain, rent holidays over the next few months as COVID-19 continues to take a greater hold, says GlobalData, a leading data and analytics company. Honor Strachan, Principal Analyst at GlobalData, comments: “Landlords will be at the mercy of retailers with scale, as they will be forced to rely on these tenants to bring shoppers […]
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COVID-19 presents an opportunity for beauty retailers as salons remain closed

Sales opportunities for non-food retailers are scarce amid the COVID-19 pandemic as lockdowns are enforced and non-essential stores remain temporarily closed. However, with 59.8% of consumers globally using salons and spas for treatments*, the desire to replicate salon treatments at home will provide a much needed revenue stream for beauty retailers, says GlobalData, a leading […]
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Nike’s sentimental slump due to transitions and China store closures

Transitions in South America coupled with store closures in China drove a decline in Nike’s margins and sentiments, says GlobalData, a leading data and analytics company. GlobalData’s Company Filing Analytics platform found that Nike’s overall sentiment score declined by 9.4% in Q4 2019 (ending February 29, 2020) compared to Q3 2019 (ending November 30, 2019). Despite reporting a good quarterly revenue growth, Nike’s sentiments were affected due to the impact on its net […]
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Office lacks appeal as COVID-19 hits footwear spend

Footwear retailer Office has reportedly been put up for sale by its owner Truworths International. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Despite its broad range of desirable casual trainer brands, Office has been outshone by both multichannel and online rivals in the form of JD Sports and ASOS, with […]
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COVID-19 will change consumers’ online shopping behaviour

Retailers across the world have adapted their delivery and returns propositions to ensure customer and staff safety during the COVID-19 crisis, and these changes will transform consumer expectations of online delivery and returns, says GlobalData, a leading data and analytics company. The company’s latest report, COVID-19 impact on delivery and returns, reveals that contactless delivery was […]
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UK supermarkets must follow French example of COVID-19 policy synchronisation

Following the news that French supermarkets Carrefour and Auchan are working together to create standardized practices:  Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation:  “We have seen many UK supermarkets adapt quickly and act sympathetically during this crisis, but, as the situation continues to evolve, […]
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H&M’s recovery in China paints a bleak picture for retailers

H&M’s weekly sales figures show that is slowly starting to recover from the peak of the COVID-19 pandemic in China but there has clearly not been an immediate bounceback. Retailers must therefore consider their store reopening schedule post isolation measures, and whether consumer demand post peak-pandemic will be sufficient to support the cost of operating all stores straight away, says GlobalData, a leading data and analytics company. Honor Strachan, […]
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