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Retail

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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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