Retail

Retail

Coronavirus to take £12.6bn out of UK retail spend in 2020

The impact of coronavirus (COVID-19) will wipe £12.6bn from retail sales this year, according to preliminary forecasts by GlobalData, a leading data and analytics company. This is equivalent to more than Aldi’s total UK sales last year. Patrick O’Brien, UK Retail Research Director at GlobalData, comments: “While the food and grocery market will grow at 7.1% […]

Retail

Primark risks losing top spot in UK clothing market due to lack of transactional website, says GlobalData

Following today’s news (Monday 23 March) that Primark is set to lose £650m of net sales per month while its stores are closed: Chloe Collins, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Primark’s lack of transactional website has placed it under additional pressure in the midst of the […]

Retail

Online sales will not be enough to supplement lost Mother’s Day spend in stores

Mother’s Day spend in the UK in 2020 will be significantly down on last year as consumers avoid physical stores in fear of coronavirus (COVID-19), and the spend via the online channel will be unable to compensate for the lack of physical purchases, according to GlobalData, a leading data and analytics company. Retailers with a […]

Retail

Superdry’s comeback firmly in doubt as coronavirus hits its recovery

Following today’s news (Wednesday 18 March) that Superdry has issued a profit warning; Kate Ormrod, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Given Superdry’s profit warning in early January following poor festive trading, today’s announcement that it will miss its revised FY2019/20 profit target was inevitable given the […]

Retail

Carphone Warehouse store closures essential to adapt to the changing mobile market

In response to Dixons Carphone’s announcement that it is closing all 531 standalone Carphone Warehouse stores, Zoe Mills, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “After a number of years of double digit declines in its mobile business, Dixons Carphone’s decision to shutter its standalone Carphone Warehouse stores is […]

Retail

Laura Ashley’s collapse amid coronavirus outbreak is a sign of things to come

Following today’s news that Laura Ashley has filed for administration amid the coronavirus (Covid-19) outbreak, Amy Higginbotham, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Laura Ashley blames recent poor trading (at least in part) to the Covid-19 outbreak, and though this has no doubt had a significant impact on […]

Retail

Focus on smaller firms leaves retail chains pinning hopes on ‘fundamental’ review of business rates, says GlobalData

Following the UK Government’s budget announcement today (Wednesday 11 March); Patrick O’Brien, UK Retail Research Director at GlobalData, a leading data and analytics company, offers his view: “A restructure of business rates to reduce the disproportionate burden on retail chains looks further away than ever. Despite a concerted effort by retail bosses in the weeks […]

Retail

34.6% of UK women think retailers should mark International Women’s Day with charity, says GlobalData

International Women’s Day is fast approaching, and 81.6% of UK women interviewed by data and analytics company GlobalData are aware of this long-established event. When women were asked what retailers should do for the occasion, the responses included in-store events (24.3%), offering discounts (31.4%) and highlighting the role of women in the brand (32.1%), but […]

Retail

Tesco’s new price campaign is an aggressive attempt to negate the lure of Aldi’s price reputation

Following the news of Tesco’s new campaign to match hundreds of prices against discounter Aldi; Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view: “This move represents a clear determination from grocery market leader Tesco to stem the number of customers defecting to its growing, price-orientated competitor Aldi. By […]

Retail

Coronavirus to wipe US$8.3bn off APAC duty-free market in 2020, says GlobalData

According to GlobalData’s pre-crisis forecast, the Asia-Pacific (APAC) duty-free sales are forecast to reach US$43.4bn in 2020, backed by high growth in countries such as China, India and South Korea. However, the recent coronavirus scare has dramatically altered the dynamics of the APAC duty-free market. While it is difficult to forecast the full impact that […]

Retail

Convenience and experience emerge as differentiating factors in dynamic retail environment, says GlobalData

On the back of intensifying competition in the retail industry, customers have become more demanding when it comes to convenience and the shopping experience, as they know that they can always switch to another retailer for buying goods if their expectations are not met, says GlobalData, a leading data and analytics company. Retailers across the […]

Retail

Paytm’s local focus via MyStore provides a key advantage in India’s digital commerce expansion, says GlobalData

Paytm announced its entry into social commerce in Feb 2020 with its MyStore functionality, after carrying out beta version of the app for a while. MyStore is Paytm’s second vertical into digital commerce after its Paytm Mall, an ecommerce platform available to Paytm users. With MyStore, Paytm aims to have early movers advantage in the […]

Retail

Amazon’s accelerating growth is cause for concern at clothing competitors, says GlobalData

Amazon’s recent results show that it achieved its highest UK revenue growth of 20.7% in the past five years in 2019, which is worrying news for many UK retailers that are struggling to drive growth in the challenging trading environment, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Online pureplays in […]

Retail

UK food and grocery market set to be worth £174.5bn by 2024, with the big four set to lose out

While the size of the UK food & grocery market is set to grow 15.0% between 2019 and 2024 to £174.5bn, the Big Four grocers (Tesco, Sainsbury’s, Morrisons and ASDA) are set to lose out on a further 1.1% of the total market (£1.9bn) by 2024, according to GlobalData, a leading data and analytics company. […]

Retail

UK consumers to spend over £1bn on Valentine’s Day in 2020

Valentine’s Day is set to be worth just over £1bn in 2020, up 0.6% on 2019 as shoppers spend on this occasion remains squeezed by low disposable incomes and consumer confidence, according to GlobalData, a leading data and analytics company. Food and drink purchased for a romantic meal at home continues to be the greatest […]

Retail

CMA’s initial ruling proves death knell for JD Sports/Footasylum deal

In response to the CMA’s provisional findings on the proposed JD Sports/Footasylum merger; Kate Ormrod, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Today’s provisional findings from the CMA on the merger of JD Sports and Footasylum emphasise its tough stance on consolidation in the retail sector – all […]

Retail

APAC’s airport retail market to grow at a CAGR of 8.3% from 2019 to 2024, offer growth opportunities for retailers, says GlobalData

The emergence of Asia-Pacific (APAC) as a global economic hub and popular tourist destination in the last decade along with a sharp rise in low cost air carriers has resulted in a swift growth of air travelers and investments in airport infrastructure in the region. The APAC airport retail market is estimated to grow at […]

Retail

JioMart to boost online grocery retailing in India by connecting offline vendors with households, says GlobalData

Reliance Industries Limited (RIL) had announced its entry into online grocery retailing via a new e-commerce platform, JioMart, in August 2019 and started a pilot for the same in Mumbai in January 2020. Through JioMart, it is planning to offer over 50,000 products and connect 30 million offline retailers with more than 200 million households […]

Retail

India’s proposed changes in duty free purchase limits may dent the country’s duty free market growth prospects, says GlobalData

In January 2020, India’s Commerce and Industry Ministry proposed plans to limit duty free alcohol and cigarettes sales to inbound travellers – limit on alcohol bottles would be reduced to one bottle or one litre from the current two bottles or two litres, while cigarettes would be slashed completely, says GlobalData, a leading data and […]

Retail

Coupe leaves Sainsbury’s dreaming of what-ifs around Asda merger, says GlobalData

Following the announcement that Sainsbury’s Mike Coupe will be replaced by Simon Roberts; Patrick O’Brien, Retail Research Director at GlobalData, a leading data and analytics company, offers his view: “The replacement of Coupe with Simon Roberts appears to be an entirely amicable change, but the failure of Coupe’s attempt to merge the supermarket with Asda […]

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Coronavirus to take £12.6bn out of UK retail spend in 2020

Primark risks losing top spot in UK clothing market due to lack of transactional website, says GlobalData

Online sales will not be enough to supplement lost Mother’s Day spend in stores

Superdry’s comeback firmly in doubt as coronavirus hits its recovery

Carphone Warehouse store closures essential to adapt to the changing mobile market

Laura Ashley’s collapse amid coronavirus outbreak is a sign of things to come

Focus on smaller firms leaves retail chains pinning hopes on ‘fundamental’ review of business rates, says GlobalData

34.6% of UK women think retailers should mark International Women’s Day with charity, says GlobalData

Tesco’s new price campaign is an aggressive attempt to negate the lure of Aldi’s price reputation

Coronavirus to wipe US$8.3bn off APAC duty-free market in 2020, says GlobalData

Convenience and experience emerge as differentiating factors in dynamic retail environment, says GlobalData

Paytm’s local focus via MyStore provides a key advantage in India’s digital commerce expansion, says GlobalData

Amazon’s accelerating growth is cause for concern at clothing competitors, says GlobalData

UK food and grocery market set to be worth £174.5bn by 2024, with the big four set to lose out

UK consumers to spend over £1bn on Valentine’s Day in 2020

CMA’s initial ruling proves death knell for JD Sports/Footasylum deal

APAC’s airport retail market to grow at a CAGR of 8.3% from 2019 to 2024, offer growth opportunities for retailers, says GlobalData

JioMart to boost online grocery retailing in India by connecting offline vendors with households, says GlobalData

India’s proposed changes in duty free purchase limits may dent the country’s duty free market growth prospects, says GlobalData

Coupe leaves Sainsbury’s dreaming of what-ifs around Asda merger, says GlobalData

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