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GlobalData
GlobalData

Retail

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TJX job listings triple in 2021 with a focus on retail store operations, finds GlobalData

In a world of bargain hunters, TJX Companies—the owner of brands such as TJ Maxx, Marshalls and HomeGoods that offer high-quality goods at lower prices—has listed 69,000 roles in 2021, representing a three-fold jump over 2020, according to GlobalData’s Job Analytics Database. The leading data and analytics company notes that TJX’s increased listings are mainly […]
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Business diversification strategies to help Reliance Retail achieve greater heights in 2022, finds GlobalData

Reliance Retail witnessed a 10.5% hike in revenues during the second quarter of 2021-22 with the sales valued at INR45.4bn (USD0.6bn) compared to INR41.1bn (USD0.5bn) a year ago. The retailer’s business diversification strategy along with continuous advancements in existing operations will help it to scale new highs in 2022, forecasts GlobalData, a leading data and […]
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Asia-Pacific accounts for nearly 50% of global online retail payments market, reveals GlobalData

Growing smartphone and Internet penetration as well as massive increase in e-commerce are driving the Asia-Pacific (APAC) online retail payments market. As a result, the region accounted for approximately 50% of the global online retail payments market in 2020, according to GlobalData, a leading data and analytics company. According to GlobalData’s Retail Intelligence Center, the […]
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2022 predictions: Checkout-free stores set for rapid international expansion, the addition of more non-food stores, and increased competition for Amazon, says GlobalData

Also known as ‘ambient commerce’, checkout-free shopping allows customers to walk straight out with the items they want, as a range of technology tracks their movements and automatically charges their accounts. According to company filing analytics by GlobalData, the number of mentions of ambient commerce in retail company filings more than doubled from 157 in […]
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Delivery innovations in retail crucial for meeting the rapidly growing e-commerce demand in APAC, finds GlobalData

Following the outbreak of COVID-19 in early 2020, 90%* of the consumers in the Asia-Pacific (APAC) region are spending more time ‘online’, thus leading to an increase in customers’ expenditure on e-commerce products. Hence, retailers must come up with innovative delivery solutions to meet this changed customers’ expectations and rapidly growing e-commerce demand, says GlobalData, a […]
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Festive excitement boosts online retail sales in India, says GlobalData

With the festive excitement boosting the online sales, and tier 2/3 cities contributing more than before, the online retail sales in India are expected to grow from INR3,317bn (US$46.2bn) in 2020 to INR3,936bn (US$53.8bn) in 2021, forecasts GlobalData, a leading data and analytics company. Flipkart reported record sales in its ‘Big Billion’ days 2021 with […]
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Americans are projected to spend $160.1 billion on secondhand items in 2021, according to Mercari and GlobalData’s inaugural ‘Reuse Report’

US households are cluttered with 23.6 billion unused items, showcasing an abundance of supply for the circular economy. Mercari and GlobalData’s inaugural Reuse Report reveals that the secondhand market is expected to generate $160.1 billion in revenue this year. The total resale market has grown by 53.3% during the past five years, and findings suggest there is potential for […]
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