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GlobalData
GlobalData

Retail

Rising awareness of sustainability will drive apparel rental market by 101.2% to $9.9bn between 2022 and 2026, forecasts GlobalData

As consumers strive to reduce their fashion consumption to become more sustainable, they are becoming increasingly involved in the circular economy. More are turning to rental operators like Rent the Runway and Hirestreet, rather than purchasing brand new items that they will only wear once, with 8.6% of UK clothing shoppers renting apparel for Christmas […]
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Apparel maker Mash looks to expand luxury loungewear brand Gelato Pique international footprint with Bain Capital, says GlobalData

US-based Bain Capital Private Equity has recently agreed to buy Japanese apparel company Mash Holdings for JPY200 billion ($1.43 billion). Mash, which is the owner of luxury loungewear brand Gelato Pique, aims to grow its international footprint, especially in China, with this deal, says GlobalData, a leading data and analytics company. Mash plans to leverage […]
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Success of Primark’s long-awaited ‘click and collect’ trial might be restricted by its limited scope, says GlobalData

Following the launch of Primark’s ‘click and collect’ trial in 25 stores in the North West of England, Yorkshire, and North Wales that was announced in June 2022; Louise Deglise-Favre, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Consumers have long been waiting for Primark to embrace digital retail, and […]
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Casual occasionwear such as ribbed tank tops and wide-leg trousers gain popularity as people dress more casually to parties and events, says GlobalData

Where once you might have attended a wedding where everyone was wearing suits or formal dresses, today’s partygoers are going casual, according to GlobalData. A survey* by the data and analytics company notes that 50% of consumers indicated that they prefer donning casual occasionwear—a clothing category that caters outfits worn to celebratory events such as […]
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Cost of living crisis will drive more consumers towards secondhand fashion, with the global apparel resale market set to grow 85.5% between 2022 and 2026 to $338.4 billion, says GlobalData

While secondhand markets, charity shops and vintage shops have long been a popular way of buying apparel to access lower prices and more unique items, the global apparel resale market* has grown rapidly over the past few years as new online platforms have emerged, and sustainability concerns have grown in tandem with consumer desire for […]
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Macy’s plan to target fashion-conscious young Indian consumers with Myntra will be win-win combination, opines GlobalData

American department store chain Macy’s plan to enter the Indian market by partnering with popular online retailer Myntra to offer its private brand portfolio will be a win-win situation for the two companies, opines GlobalData, a leading data and consultancy company. Raviteja Neralla, Retail Analyst at GlobalData, comments: “Myntra will offer over 600 options from […]
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With Balenciaga in portfolio, Reliance well positioned to tap booming luxury apparel market in India, says GlobalData

Following the news that Reliance Brands Limited (RBL) has signed a strategic deal with Balenciaga to bring the best of global couture to the Indian market; Bobby Verghese, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view. “Balenciaga joins RBL’s portfolio of 40 international fashion brands, providing the retailer an edge […]
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Gap needs to strike balance between brand image and pricing strategy to appeal to cost-conscious Indians, says GlobalData

India’s largest retailer Reliance Retail has partnered with Gap Inc. to bring the American fashion brand Gap to India. Reliance Retail’s formidable presence is expected to aid Gap in quickly scaling up its product distribution network in the country. However, the American specialty apparel company needs to strike a balance between brand image and pricing […]
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Heinz and Tesco pricing row heightens food inflation fears as 76% of UK consumers are concerned about the impact of inflation on their household budgets, says GlobalData

Following the news that Kraft Heinz has stopped supplying products to Tesco in the UK;Nidhi Chauhan, Senior Consumer Analyst at GlobalData, a leading data and analytics company, offers her view:“Kraft Heinz has stopped supplying products to Tesco in a disagreement over pricing, as a rise in energy and commodity prices combined with supply chain challenges are […]
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