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During the pandemic, GlobalData’s Monthly DIY Tracker found that the UK DIY sector enjoyed a £500 million uplift as consumers, prevented from going out, invested time and energy in sprucing up their homes and gardens. However, the leading data and analytics company’s tracker now shows that spending on home improvement is set for a £200 […]
618 online shopping festival to decide fortunes of China retail sector, says GlobalData
Chinese authorities lifted the months-long COVID-19 induced lockdowns in Beijing and Shanghai just in time for the 618 online shopping festival, taking place from 1 June to 18 June 2022. With retail sales being the bellwether for consumer spending, the success or failure of the 618 shopping festival will dictate the fortunes of the retail […]
Missguided acquisition is a punt worth taking for Frasers Group, says GlobalData
Following the news that Frasers Group has acquired Missguided for £20m; Darcey Jupp, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Frasers Group will be taking a new direction with its acquisition of Missguided, as the value online retailer is a clear digression away from the group’s typical sports and […]
Missguided’s lack of competitiveness was the key factor in its demise, says GlobalData
Following the news that Missguided has fallen into administration; Darcey Jupp, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “While media reports have linked Missguided’s demise to increased sustainability issues, it is clear from the continued growth of its rivals that its failure is down to its own lack of […]
Global luxury apparel market will continue to reign supreme, growing to $149.2 billion in 2022, says GlobalData
The luxury apparel market grew by 24.2% in 2021, with major luxury conglomerates, LVMH and Kering, capitalizing on the heightened consumer appetite for luxury goods as demand surged with the easing of COVID-19 restrictions, says GlobalData. The leading data and analytics company notes that while this growth is set to slow in 2022 after an […]
Jobs axed at Coats UK following sale of Brazil and Argentina business, says GlobalData’s Just Style
UK apparel manufacturer Coats has exclusively confirmed to GlobalData’s Just Style that it has made a number of UK-based redundancies and replaced other roles as part of its global strategy – in the same week the company announced the sale of its Brazil and Argentina business. Laura Husband, Managing Editor of GlobalData’s Just Style, commented, “Coats, […]
Young shoppers, online investments to help Big Bazaar retain position as leading grocery retailer in India, says GlobalData
Big Bazaar is the most popular retailer in India with close to 59% of all Indian consumers choosing to shop from it for their food and grocery needs. Reportedly, more than 55% of its shoppers are below 34 years of age. Additionally, it has a strong brand recall and a dependable customer base and its […]
Made.com’s profit warning an indicator of a tough 2022 for home online, says GlobalData
Following today’s (16 May) release of Made.com’s profit warning for its FY2022; Matt Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers his view: “The challenging nature of the furniture market in 2022 has been affirmed by Made.com lowering its guidance on gross sales and adjusted EBITDA for its full year. […]
McColl’s shift to fresh produce was too little too late, says GlobalData
Following the news that McColl’s has fallen into administration; Honor Strachan, Food & Grocery Analyst at GlobalData, a leading data and analytics company, offers her view: “McColl’s move to start selling fresh produce was implemented too late for the retailer to capitalize on consumers’ shift to local shopping during the COVID-19 pandemic. Stores stocked with […]
APAC to drive US$63.4bn global airport retail market through 2026, says GlobalData
The Asia-Pacific (APAC) will continue to drive the global airport retail market as the APAC retail market is expected to grow at a compound annual growth rate (CAGR) of 7.8% from US$20bn in 2019 to US$63.4bn in 2026. The growth is driven by an increase in retail space, rising passenger numbers following the relaxation of lockdown regulations, mass […]
Acquisition of stakes by ITOCHU to benefit Dome’s distribution tactic and boost corporate value, finds GlobalData
Dome Corporation, an exclusive apparel distributor of Under Armour in Japan, has signed an acquisition deal with Japanese general trading company ITOCHU. By utilizing the product development and production networks of ITOCHU’s group companies and suppliers, this partnership will assist Dome’s distribution strategy, strengthen business through expansion, and increase its corporate value by leveraging ITOCHU’s […]
ASDA’s price-lock strategy to win favour with half of cash strapped Brits as financial worries hit a new high in 2022, says GlobalData
Following the news that ASDA will invest £73 million to tackle the cost of living crisis by increasing pay and price-locking products until the end of the year; Amira Freyer-Elgendy, Food & Grocery Analyst at GlobalData, a leading data and analytics company, offers her view: “Amid inflation, the rising cost of living and stagnant wages, […]
Amazon’s job postings for Project Kuiper and Freight nearly doubled in Q1 2022 indicating expansion, finds GlobalData
Amazon’s job postings for Project Kuiper (to launch low Earth orbit satellites) and Freight have nearly doubled from 580 in Q1 2021 compared to 1018 in Q1 2022, observes GlobalData, a leading data and analytics company. Sherla Sriprada, Business Fundamentals Analyst at GlobalData, comments: “From groceries, to healthcare, to satellites, Amazon has been expanding its platform […]
7-Eleven should use recognizable brand image in China to enhance omnichannel operations, finds GlobalData
Convenience chain store ‘7-Eleven’ has a great ‘top of the mind recall’ and brand image for food and grocery purchases in China. However, the company needs to develop an online proposition to halt its market share decline and expand its omnichannel operations, says GlobalData, a leading data and analytics company. GlobalData’s Q3 2021 Consumer survey* […]
Driven by increased urbanization, apparel sales in India set to return to 2019 levels in 2022, finds GlobalData
Growing middle class, GDP, and urbanization are set to drive the apparel sales in India to return to 2019 levels in 2022. The sales is expected to reach INR5.8 trillion ($75.2bn) in 2022 and advance further up to INR7.6 trillion (US$91.1bn) in 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Apparel […]
Boots’ top ranking among UK consumers makes it appealing to buyers, says GlobalData
UK shoppers have ranked Boots as the top retailer for health & beauty products across key purchase factors, finds GlobalData. According to a survey by the leading data and analytics company, Boots is ahead of its competitors in terms of product range, value for money, and shopping experience both in store and online. Its lead […]
WH Smith must improve its online proposition by offering more than rapid delivery, says GlobalData
Following the latest announcement from WH Smith that it is set to partner with Deliveroo in a rapid delivery trial, which will make 600 products available for delivery within 20 minutes to shoppers purchasing from 10 stores across the UK; Kunaal Shah, Retail Analyst at GlobalData, a leading data and analytics company, offers their view: […]
More casual office wear expected as athleisure market set to grow by 25% to $551 billion by 2025, says GlobalData
As two in five people globally have continued to work from home in 2022*, demand for comfortable athleisure has remained high, according to GlobalData. However, with 55%** saying that they are still wearing these clothes for more than just sport activities, the leading data and analytics company notes that this ongoing casualization will start to […]
Easter spending in the UK to reach £1.7 billion in 2022, says GlobalData
UK Easter spend is forecast to rise by 4.2% this year to reach £1.7 billion, exceeding pre-pandemic levels. The main driver of growth for the occasion will be seasonal food & drink owing to high inflation in the food & grocery sector in 2022, according to GlobalData, a leading data and analytics company. Indeed, 38.0% […]
Tesco partnership will broaden Homebase’s appeal, says GlobalData
Following reports that Homebase is to launch in Tesco stores: Kate Ormrod, Principal Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “With 73% of Homebase DIY shoppers buying food & grocery from Tesco, the deal will bring greater convenience for Homebase’s existing shoppers, while also opening it […]