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Following the news that The Body Shop has filed intent to appoint administrators; Tash Van Boxel, Analyst at GlobalData, a leading data and analytics company, offers her view: “Unable to keep up with its rivals, The Body Shop’s demise into administration comes as a result of increased competition in a thriving health & beauty market. […]
Winning more Boomers spend could be the key to recovery for John Lewis and Waitrose after announcing 11,000 jobs cuts
While Millenials and Gen Z are often viewed as the key growth segments, Boomers are still big spenders, and there are things more traditional retailers like John Lewis and Waitrose can do to keep winning their spend. Winning more Boomers spend could play a key role in the recovery of John Lewis and Waitrose after […]
Cutting back on retail spend top of consumer’s New Year resolutions, says GlobalData
Many retailers will have suffered a slow start to 2024 with UK shoppers cutting back on spending in January. A quarter of consumers stated that they planned to spend less than an average month on retail items in January, and 24% stated that they intended to purchase less “stuff”, according to GlobalData’s January 2024 UK […]
Shein is expected to be the UK’s sixth largest apparel retailer by 2027, says GlobalData
GlobalData’s latest dataset forecasting UK retailer market shares out to 2027 highlights that Shein is expected to continue on its skyrocketing trajectory to land as the sixth largest UK apparel retailer by 2027, stealing market share away from its fast fashion rivals. Louise Deglise-Favre, Apparel Analyst at GlobalData, a leading data and analytics company, offers […]
Customer loyalty schemes key to success for FMCG specialists, says GlobalData
As consumers increasingly take advantage of loyalty schemes, particularly in food & grocery and health & beauty, retailers must ensure their loyalty offers are compelling. The additional perks that consumers can gain through loyalty schemes are a highly effective way for retailers to differentiate themselves from their rivals, according to GlobalData, a leading data and […]
UK furniture resale market growth will surge by 40.8% between 2022 and 2027, forecasts GlobalData
Aided by growing financial and environmental concerns among consumers, the UK furniture resale market is forecast to grow by 40.8% between 2022 and 2027 to reach a value of £1,101 million, outpacing the total furniture market, which is set to increase by 7.9% in the same period, according to GlobalData, a leading data and analytics […]
Coupang’s e-commerce expertise makes it well placed to turn around Farfetch’s ailing online proposition, says GlobalData
Following yesterday’s news that South Korean e-commerce giant Coupang has acquired Farfetch; Alice Price, Apparel Analyst at GlobalData, offers her view: “Coupang’s rescue deal of Farfetch for $500m, after it was once valued in the region of £20bn, is a culmination of several factors, the first being its position as an online pureplay, as luxury […]
7 in 10 UK shoppers say HFSS restrictions are not changing how they shop, says GlobalData
One year after the introduction of the first stage of high fat, salt and sugar (HFSS) product legislation came into place in the UK, limiting the location of items such as sweets, crisps and chocolate instore, the change to consumers’ purchasing habits has been limited. The restrictions are aimed to curb childhood obesity and promote […]
DTC brands turn to a hybrid distribution model to drive future growth post-pandemic, says GlobalData study
New study explores the post-pandemic direct-to-consumer (DTC) era where brands are moving into wholesale distribution by partnering with established retailers. After reaching new heights during the COVID-19 pandemic, with many crashing down soon after, direct-to-consumer (DTC) specialists are entering a new era, according to leading data and analytics company Globaldata. After being forced to shop […]
Aurelius’ acquisition highlights potential for The Body Shop to bounce back, says GlobalData
Following the news that Aurelius has bought The Body Shop in a £207m deal; Tash Van Boxel, Analyst at GlobalData, offers her view: “The Body Shop’s recent struggle has been driven by consumers trading down to more affordable retailers, casting aside sustainability and ethical claims in favour of value for money and lower price points. […]
Controversy around the boohoo group is unlikely to impact its performance, says GlobalData
Following yesterday’s BBC Panorama documentary on the boohoo group: Pippa Stephens, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “The boohoo group’s failure to meet promises regarding an ethical overhaul is unlikely to have a drastic impact on its shoppers’ actions. In a recent GlobalData survey*, price and value […]
Shein’s acquisition of Missguided will allow it to further dominate the UK fashion market, says GlobalData
Following today’s news that Shein has acquired Missguided from Frasers Group: Alice Price, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Shein’s acquisition of Missguided is its first purchase of a UK brand, and will enable it to further assert its growing influence over the UK apparel market. The ultra-fast […]
ScS sitting comfortably after acquisition, says GlobalData
Following the news that ScS has agreed to a £99.4m sale to the Italian upholstery vertical Poltronesofà; Matt Walton, Senior Data Analyst for Retail, at GlobalData, a leading data and analytics company, offers his view: “ScS is set to become a greater threat within the UK furniture market after it agreed to be sold to […]
As retail theft forces shop merchandising back to the 1920s, is the modern store concept under threat? asks GlobalData
Retailers need a multifaceted approach to overcome theft and shrinkage and ensure a secure and enjoyable shopping experience for all. Theft and shrinkage of goods is one of the enduring problems faced by retailers globally. However, recent months have seen a spate of news stories about more eye-catching crimes, including daytime flash mob robberies, observes […]
Next’s acquisition of FatFace will help both retailers expand, says GlobalData
Following today’s news that Next is reportedly in talks to acquire FatFace; Alice Price, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “An acquisition of FatFace by Next, which is reportedly close to being confirmed for more than £100m, would be a financially sound investment. Sales at FatFace rose by […]
UK Christmas retail growth at 3.4% in 2023 to fall short of last year’s increase, says GlobalData
As the festive season approaches, shoppers in the UK are gearing up for Christmas spending despite facing a 9.3% increase in retail prices. While this rise is expected to drive up spend by 3.4%, this still falls short of last year’s increase and marks a second quarter of slowing growth in 2023. Shoppers will need […]
Dame Sharon White to part ways with John Lewis Partnership after a challenging tenure, says GlobalData
Following the news of Dame Sharon White’s planned departure from John Lewis Partnership. Zoe Mills, Lead Retail Analyst at GlobalData, comments: “Dame Sharon White has been at the helm of the John Lewis Partnership during an exceedingly rocky period. She has faced unprecedented challenges, namely the global pandemic, and the cost-of-living crisis. Indeed, while she […]
Secondhand back to school options appeal to shoppers looking to spend less in 2023, says GlobalData
As consumer finances continued to be under pressure amid high inflation in essential sectors such as food & grocery, purchasing secondhand has been a solution for many in the UK this year, according to new research from GlobalData, a leading data and analytics company. According to GlobalData’s 2023 Back to School UK survey, 73.4% of […]
Consumers look to B&M to fill Wilko’s shoes following discounter’s collapse, says GlobalData
The closure of Wilko and B&M’s subsequent takeover of 51 of its stores will lead to significant further market share gains for B&M, with GlobalData’s September UK survey* finding that consumers consistently named the discounter when asked where they would shop instead in the event of Wilko’s demise, according to GlobalData, a leading data and […]
Shein is forecast to have hauled its way into the top 10 UK apparel retailers in 2023, says GlobalData
Following the recent publication of Shein’s UK figures for the 16 months to 31 December 2022; Louise Deglise-Favre, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “After years of secrecy surrounding its financials, Shein’s revenues are slowly coming to light, with new UK accounts showing that it achieved £1,121.7m in […]