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Commenting on the news that Office Outlet has collapsed into administration, Zoe Mills, UK Retail Analyst at GlobalData, offers her view: “The stationery market is booming, forecast to grow 3.6% in 2019 and far outpacing UK non-food growth. However, following Paperchase’s CVA announcement earlier this month, yet another stationery retailer is in trouble. “Growth in […]
JD Sports can breathe new life into Footasylum, says GlobalData
Following the news that JD Sports is to buy Footasylum for £90m, Patrick O’Brien, UK Retail Research Director offers his view: “While JD Sports is paying a 77% premium on Friday’s closing price, the 82.5p bid is almost half of Footasylum’s IPO offer price when it listed just 16 months ago. “Footasylum went for rapid […]
M&S faces uphill battle to win over weekly food shoppers
Following the news that M&S are planning to expand the number of stores offering the full range of M&S food products, Thomas Brereton, Retail Analyst for GlobalData, a leading data and analytics company, offers his view: “It is understandable that M&S Food’s Managing Director Stuart Machin is looking to expand the food side of the business; over the […]
Not just Arcadia: Fashion is fleeing the high street
Following today’s news (Friday 15 March) that Arcadia is reportedly poised to launch a CVA, Sofie Willmott, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the chains current challenges: “News that Arcadia is poised to launch a CVA comes as no surprise as clothing & footwear spend continues […]
Mild February fails to significantly boost UK retail spending
February proved to be another disheartening month for retailers as the total retail spend index rose only 3.4 percentage points (ppts) versus a poor performance in January, according to GlobalData, a leading data and analytics company. This subdued growth is especially disappointing in light of the UK experiencing the hottest February on record, which should have […]
Over a quarter of UK shoppers planning to stockpile products in anticipation of Brexit
Over a quarter of shoppers have either begun stockpiling or plan to stockpile ahead of Brexit, according to GlobalData’s latest monthly retail tracker, showing that consumers are taking the possibility of a no-deal Brexit increasingly seriously. Thomas Brereton, Retail Analyst for GlobalData, comments: “Two-thirds of all shoppers believe that the price of their usual food […]
More action needed from Paperchase to change its fortunes, says GlobalData
Commenting on the news that Paperchase is using a CVA to negotiate rent reductions and restructure its store portfolio, potentially shuttering 28 stores, Zoe Mills, UK Retail Analyst at GlobalData, offers her view: “Paperchase has been plagued by the growing presence of value retailers and general merchandisers in the market with the likes of B&M, […]
Gap is not the only preppy logo brand with a short shelf life
In response to the announcement that Gap Inc. is splitting its brand portfolio and closing more Gap stores, Maureen Hinton, Global Retail Research Director for GlobalData, a leading data and analytics company, offers her view: “While Gap started the fashion trend for the US preppy style casual brands, others, such as Abercrombie & Fitch, which […]
Sainsbury’s vows to fight on, but ASDA merger looks doomed, says GlobalData
In response to the CMA’s provisional findings on the proposed ASDA/Sainsbury’s merger, Patrick O’Brien, UK Retail Research Director for GlobalData, a leading data and analytics company, offers his view: “The CMA’s provisional findings on the proposed merger of ASDA and Sainsbury’s have devastated any prospect of the merger going ahead. Rather than just point to a […]
No respite for retail as UK consumer sentiment slumps to a seven year low
January proved to be another tough month for retailers in the UK as the total retail spend index declined by 13.3 points versus December 2018, as clearance sales were not enough to entice consumers to spend significantly, especially given that many retailers had already started discounting before Christmas, according to GlobalData, a leading data and […]
Click & collect in the UK to grow to £10bn by 2023 but customer satisfaction lags behind home delivery
The UK click & collect market is set to rise 45.8% over the next five years to reach £9.8bn by 2023, but growth will slow as the fulfilment method matures and services offered by retailers are optimised, according to GlobalData, a leading data and analytics company. The company’s latest report ‘Click & Collect in the […]
Sunrise Records’ rescue of HMV faces uphill struggle against rapidly declining market
Commenting on the news that Sunrise Records is to acquire 100 HMV stores out of administration, Patrick O’Brien, UK Retail Research Director at GlobalData, offers his view: “That someone has taken on so many stores is a welcome surprise, but it is difficult to see how the market for physical music and DVDs can sustain […]
Retail casualties led to non-food spend in retail parks declining by 1.1% in the UK in 2018, says GlobalData
The demise of retailers including Toys R Us and Maplin has driven sales away from retail parks, where non-food sales declined by 1.1% in 2018, the worst performance over the past five years, according to GlobalData, a leading data and analytics company. The company’s latest report ‘UK Retail Parks 2018-2023’ reveals that despite a challenging 2018, retail […]
Mike Ashley’s businesses capture over 3% of spend on UK non-food retail, says GlobalData
Currently in talks to acquire HMV, retail tycoon Mike Ashley has increased his presence in the UK retail market in the past five years; with 3.2% of all UK retail spend on non-food products going via one of the retailers that he has a significant stake in, in 2018, says GlobalData, a leading data and […]
1 in 9 UK shoppers to return Christmas gifts, with pyjamas the most unwanted present of them all
While the impact of Boxing Day sales is waning due to the growing emphasis on Black Friday and the heavy discounting that retailers are engaging in before Christmas, the day will still be notable for the high levels of returns that stores will process, due to unwanted Christmas presents.
M&S will win the grocery premiumisation war this Christmas as 10.9% of shoppers switch supermarket for the festive season
In the UK, 10.9% of shoppers will switch their major grocer for the Christmas period, centrally driven by a desire for premium foods over the holidays and the pursuit of a wider range of goods, says GlobalData, a leading data and analytics company. Despite the difficulties faced by the premium grocers throughout 2018, M&S can […]
Black Friday did not deliver the November boost that UK retailers desperately needed, says GlobalData
The heavy and prolonged period of discounting around Black Friday failed to boost overall retail spending in the UK in November as GlobalData’s total retail index fell by 6.9 points versus October, driven down by a decrease in instore spending. IMAGE FOR PUBLICATION: Please click here for enlarged chart The company’s latest report ‘UK Monthly […]
Value of online returns to rise to £5.6bn by 2023, driven by clothing & footwear
Online returns will increase by 27.3% over the next five years to £5.6bn, but this rapid growth represents a lower return rate as online spending will rise even faster, according to GlobalData, a leading data and analytics company.
A hard Brexit would wipe £2.3bn off the non-food retail market in 2019, says GlobalData
Low consumer confidence and inflated food prices would see the UK non-food retail sector £2.3bn worse off in a hard Brexit scenario compared to a Brexit based on the Withdrawal Agreement, according to GlobalData’s Brexit and the Impact on Retail report. Karla Rendle, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers […]
UK online spend on non-food will top £48bn by 2020, accounting for over a quarter of retail spend
With online retail spend set to rise 7.5% this year while offline spend inches up just 1.0%, UK consumers are set to spend more online this Christmas than ever before. Almost 80% of the UK population shopped online in the last 12 months, with online shopper penetration driven by younger consumers – over 95% of […]