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Following the news that Next has increased its stake in Reiss from 51% to 72% after the retailer and the Reiss family partnered to acquire Warburg Pincus’ stake; Chloe Collins, Head of Apparel at GlobalData, offers her view: “Reiss has continued to go from strength to strength since Next first acquired a 25% stake in […]
Michael Kors presents biggest challenge for Tapestry amid Capri Holdings’ acquisition, says GlobalData
Following today’s news that Tapestry is acquiring Capri Holdings in a $8.5bn deal; Louise Deglise-Favre, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Tapestry has announced it will acquire Capri Holdings in 2024 for $8.5bn, adding Michael Kors, Jimmy Choo and Versace to its existing brand portfolio consisting of Coach, […]
Retailers must invest further in bank holiday promotions to entice retail spend for August bank holiday, says GlobalData
The forthcoming August bank holiday marks the final extended weekend before the Christmas season for 2023, with consumers benefiting from an additional bank holiday to celebrate the King’s Coronation earlier in the year. As bank holiday spend for 2023 has so far been dampened by high inflation, retailers must capitalize on the falling inflation levels […]
LVMH continues its outperformance amid economic pressures, says GlobalData
Following yesterday’s release of LVMH’s figures for the six months ending 30 June 2023; Pippa Stephens, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “LVMH’s exceptional growth has continued, with reported group revenue for H1 FY2023 rising by 15.0% to €42.2bn, as its products remain highly desirable despite ongoing […]
Barbie’s mass appeal and strong visual identity allows brands to capitalize with dedicated collections, says GlobalData
Following the many announcements of collaborations between fashion brands and the Barbie film ahead of its release on the 21st of July 2023; Louise Deglise-Favre, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “The upcoming Barbie film and its accompanying press tour have captivated consumers, with social media buzz generated […]
Amazon needs to offer better discounts to halt decline in Prime Day participation in UK, says GlobalData
With Amazon announcing the launch of its two-day Prime event on the 11th of July, the pureplay giant will need to provide a compelling promotional event to entice spend and halt the decline in Prime Day participation, says GlobalData, a leading data and analytics company. Eleanor Simpson-Gould, Senior Retail Analyst at GlobalData, comments: “To boost […]
M&S turnaround strategy shows promise with strong end-of-year results, non-food categories stand out as triumph, says GlobalData
The recent release of end-of-year results has brought encouraging news for British retailer Marks and Spencer (M&S), showcasing the potential success of its comprehensive turnaround strategy despite the presence of challenging external headwinds. Against the backdrop of historic inflation levels that have fueled strong like-for-like sales among food retailers, it is the performance of M&S’s […]
Retailers must take more Pride in their support for LGBTQ+ communities, says GlobalData
Pride Month has become a time when retailers aim to express solidarity with the LGBTQ+ community by altering their logos with vibrant rainbow hues. However, many consumers view such logo changes as shallow publicity stunts or a strategy to dodge potential backlash, reveals GlobalData, a leading data and analytics company. Retailers must carefully consider their […]
ASOS’ partnership with Hirestreet will help boost its sustainability credentials
Following this week’s news that ASOS has partnered with rental platform Hirestreet; Alice Price, Apparel Analyst at GlobalData, offers her view: “ASOS’ rental partnership with Hirestreet is a smart move for the fashion giant, as its expansive occasionwear offering is unrivalled, making it a strong candidate to win within the rental market. Amidst a challenging […]
King’s Coronation to be celebrated by relaxing not retailing, says GlobalData survey
The King’s Coronation is an upcoming event that is anticipated to attract the attention of millions of people across the UK. However, retailers may not reap significant benefits from this occasion as consumers are more likely to use it as a time to rest and relax than to shop, according to a recent consumer survey* […]
The recent collapses of Cudoni and Dotte should act as a warning to resale players to find profitable revenue streams, says GlobalData
Following this week’s news that resale specialists Cudoni and Dotte have collapsed; Louise Deglise-Favre, Apparel Analyst at GlobalData, offers her view: “The collapse of luxury accessories resale specialist Cudoni the day after childrenswear resale platform Dotte permanently closed its marketplace, should come as a warning sign to other resale platforms. While GlobalData predicts that the […]
Retailers must focus on pricing ahead of Eid to appeal to younger cash-strapped consumers, says GlobalData
Ramadan started on 22 March and is expected to end around 20 April, but how UK consumers will celebrate Eid will be affected as they continue to feel the pinch of the cost-of-living crisis. As a result of lower discretionary incomes among young consumers, and Eid being impacted by the cost-of-living crisis, retailers must focus […]
Sephora’s UK store opening will tempt shoppers away from Boots and Superdrug but providing value for money is vital to its cement long-term success, says GlobalData
Following the news that Sephora is opening its first UK store in Westfield White City on Wednesday 8th March 2023, after its previous exit from UK physical locations in 2005: Sofie Willmott, Lead Analyst at GlobalData, offers her view: “Sephora may have only announced the opening of a solitary store in the UK, but the […]
CRC eyes tourism-driven growth in Thailand and Vietnam for retail expansion, says GlobalData
Thai retail company Central Retail Corporation (CRC) announced an investment of THB 28bn (US$ 826.6mn) in February to expand its presence in its core markets Thailand, Vietnam, and Italy in 2023. The investments come in as a response to the slow return of the travel and tourism sector to normalcy after the adverse effects of […]
Louis Vuitton bets on star power and streetwear with Pharrell Williams as new menswear creative director, says GlobalData
Following the news that luxury fashion house Louis Vuitton has appointed musician and entrepreneur Pharrell Williams as new menswear creative director; Louise Deglise-Favre, Apparel Analyst at GlobalData, offers her view: “Music-producer Pharrell Williams has been announced as the successor to the late Virgil Abloh as Louis Vuitton’s menswear creative director to mixed responses. While Williams […]
Redbubble Australia’s move to cut costs may provide relief in short run but high inflation could still weigh, says GlobalData
Australian retailers are cutting down on costs in an attempt to appease consumers who are becoming more price sensitive due to the high levels of inflation seen in the country. Redbubble Group, an online marketplace for gifts and merchandise, announced a cost-cutting program that involves laying off 20% of its employees in January 2023. The […]
Luxury brands continue to focus on China despite facing headwinds in 2022, says GlobalData
Disruptions caused by COVID-19 and China’s stringent measures against the pandemic kept consumers away from stores, some of which had to close temporarily or operate on shorter opening hours due to staff shortages. Against this backdrop, foreign luxury brands faced strong headwinds in mainland China in 2022. However, luxury brands will continue to focus on […]
WH Smith’s partnership with Holland & Barrett will strengthen its already robust travel division, says GlobalData
Tash Tesseyman, Retail Analyst at GlobalData, offers her view on the announcement that WH Smith will trial a partnership with Holland & Barrett in three key travel locations: Heathrow Terminal 2, Gatwick North Terminal and London’s Euston Rail Station: “The addition of Holland & Barrett concessions in WH Smith travel stores has the potential to […]
Tesco’s acquisition of Paperchase will broaden its non-food proposition but reigniting a passion for the brand among shoppers will be tough, says GlobalData
Following reports that Tesco has bought Paperchase in a pre-package deal: Zoe Mills, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “This acquisition will enable Tesco to enhance its non-food categories outside of homewares, however, bedding in the brand is unlikely to be smooth sailing. Paperchase’s […]
JD Sports’ data breach highlights necessity of cybersecurity investment, says GlobalData
Following the announcement of cyber-attack on the UK-based sports fashion retailer JD Sports; Tash Tesseyman, Retail Analyst at GlobalData, offers her view: “Cyber-attacks such as that on JD Sports will only augment the existing anxiety of using the online channel, with 65.0% of UK consumers stating that they are concerned about storing payment details online, […]