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Following the news that WH Smith is considering the sale of its high street fascia; Tash Van Boxel, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “This arm of the business has consistently pulled down group revenue over the last three years, with its high street chain accounting for nearly […]
Global resale apparel market soars 17.6% to $204.7 billion in 2024, reveals GlobalData
The global resale apparel market experienced its fourth consecutive year of double-digit growth in 2024, driven by continued appetite for preloved fashion. The market witnessed a growth of 17.6% to reach $204.7 billion last year, outperforming the traditional apparel market, which only grew a meager 0.1%, reveals GlobalData, a leading data and analytics company. According […]
Navigating Trump’s tariffs and social media key strategic priorities for retailers in 2025, says GlobalData
2025 will present significant challenges for retailers globally, as geopolitical issues and the disruptive force of AI continue, with the added challenge of navigating the impacts of the Trump administration, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Strategic Intelligence: Top Themes in Retail and Apparel 2025,” reveals that international trade and […]
Customers prioritize quality furniture as confidence begins to rise, says GlobalData
After a challenging economic period marked by inflation and uncertainty, UK furniture and floorcoverings shoppers are increasingly prioritizing quality as financial pressures start to ease, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “UK Sector Series: Furniture & Floorcoverings, 2023-2028”, reveals that consumers are starting to opt for higher quality furniture […]
ProCook sees store expansion drive growth, says GlobalData
Following today’s release of ProCook’s figures for the 12 weeks ending 5 January 2025; Emily Scott, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “ProCook delivered a strong performance in its Q3 FY2024/25, with revenue increasing by an impressive 11.2%. This robust growth was largely driven by its focus on store […]
Next’s online offer drives it to festive success, says GlobalData
Following today’s release of Next’s figures for the nine weeks ending 28 December 2024; Emily Salter, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Next has had a great FY2024/25, and its performance during the all-important golden quarter was no exception. Indeed, its total full price sales in the nine […]
Aldi’s Specially Selected premium range drives growth this Christmas, says GlobalData
Following today’s release of Aldi’s figures for the four weeks ending 24 December 2024; Aliyah Siddika, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Aldi has reported good results this festive season, successfully retaining its appeal among shoppers and encouraging them to trade up to its premium ranges rather than switch […]
Convenience retailers must focus on price as UK convenience market forecast to grow by over £3.2bn from 2024 to 2028, says GlobalData
UK grocers must focus on their price positioning to remain competitive. Food & grocery spending in UK convenience stores is projected to reach £43.2bn by 2028, growing at a compound annual growth rate (CAGR) of 2.0% between 2024 and 2028. This growth will outpace the hypermarkets, supermarkets, and discounters channel, making it a prime opportunity […]
About You acquisition will bolster Zalando’s position as powerhouse in online apparel market, says GlobalData
Following the news that Zalando is acquiring About You for €1.13bn: Pippa Stephens, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Zalando’s acquisition of online rival About You will allow it to increase its hold of the European online apparel market. It has faced increased competition from About You […]
Product innovation crucial to succeed in price-competitive UK food & grocery market, says GlobalData
UK grocers must move beyond competing solely on price and prioritize innovation in their product offerings to attract a growing base of transient shoppers. Developing unique and diverse food ranges is essential to drive long-term growth and customer loyalty. With the food market expected to contribute £19.3 billion in sales to the UK food & […]
US Retailers face positives and negatives with a large dose of uncertainty from Trump 2.0, says GlobalData
Following the election of Donald Trump and the economic changes ahead from a Trump 2.0 presidency; Neil Saunders, Managing Director Retail at GlobalData, a leading data and analytics company, offers his view on some of the ramifications of Trump 2.0 for US Retail as market shocks and new opportunities lie ahead: “Not for the first […]
IKEA, Argos and John Lewis set to benefit from furniture’s recovery in Q4 2024, says GlobalData
The UK furniture and floorcoverings market is set to return to growth in Q4 2024 after six quarters of decline as the October Budget should remove a dampener on consumer confidence, and the 10.9% uplift in housing transactions between April and August 2024 and real wage growth filter through. This presents an opportunity for retailers […]
UK non-food online penetration set to improve for first time since COVID-19 pandemic, says GlobalData
The UK non-food online market is set to grow by 2.9% to reach £106m in 2024, with online penetration forecast to climb to 39%, marking an improvement for the first time since the COVID-19 pandemic, according to GlobalData, a leading data and analytics company. GlobalData anticipates the non-food online market growth will outpace the total […]
Sustainability and social media engagement key for retailers to attract Gen Z and Gen Alpha consumers, says GlobalData
Retailers must emphasize their sustainability credentials and social media engagement to better cater to the younger generations and capitalize on their growing influence on retail market trends, according to GlobalData, a leading data and analytics company. GlobalData’s latest thematic report, “Demographics in Retail and Apparel,” highlights the differing expectations of younger consumers, particularly when it […]
Frasers must prioritize rejuvenating Mulberry’s offering to reclaim its luxury status if acquisition happens, says GlobalData
Following today’s news that Frasers Group has made an £83m offer to buy Mulberry: Alice Price, Associate Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Fraser’s £83m bid for Mulberry – which would see its 37% stake rise to 100% – comes after the heritage brand has suffered with dwindling […]
Mohsin Issa’s decision to retreat from ASDA’s helm a step in the right direction for the struggling grocer, says GlobalData
Following the news that ASDA co-owner Mohsin Issa will step back from his executive leadership role, and that Lord Stuart Rose will assume Mohsin’s executive responsibilities alongside Rob Hattrell, a Director on the ASDA board with experience at eBay Europe as Senior Vice President: Eleanor Simpson-Gould, Senior Retail Analyst at GlobalData, offers her view: “The […]
John Lewis throws down gauntlet to 25 competitors with relaunch of Never Knowingly Undersold price promise, says GlobalData
Following the news that John Lewis has announced the reintroduction of its Never Knowingly Undersold (NKU) price promise; Zoe Mills, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “The resuscitation of its NKU price promise, coupled with an updated narrative on its proposition, highlights a return to its roots […]
Topshop and Topman given lifeline through ASOS’ joint venture with Heartland, says GlobalData
Following the news that ASOS is selling a 75% stake in Topshop and Topman to Heartland amid refinancing: Pippa Stephens, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “ASOS’ decision to enter into a joint venture with Heartland for Topshop and Topman provides potential for their return to relevance. […]
Dunelm set to consolidate gains in the UK homewares market in 2024, says GlobalData
Dunelm is set to continue making gains in the UK homewares market in 2024 as some consumers pivot away from retailers which are solely focused on price. Dunelm excelled throughout the cost-of-living crisis due to its wide price architecture that attracts a wide range of shoppers and allows them to trade up or down, and […]
Retailers that lack strong price messaging will lose out in the back to school race, says GlobalData
While inflation levels are decelerating, there is a continued focus on cutting costs among the parents shopping for back to school items in the UK; Zoe Mills, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the back to school market: “The 2024 back to school retail winners will […]