International News

Total retail industry venture financing deals in January 2020 worth US$ 772.14m were announced globally, according to GlobalData’s deals database. The value marked a decrease of 24.6 percent over the previous month and a rise of 9.7 percent when compared...

China's retail industry saw a drop of 8.8 pc in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database. A total of 31 deals worth US$ 3.21bn were announced in Q4...

On International Women’s Day, 81.6 percent of UK women interviewed by data and analytics company GlobalData are aware of this long-established event. When women were asked what retailers should do for the occasion, the responses included in-store events (24.3...

Once again, Amazon has found a way to innovate itself: by going a bit more traditional. The company recently opened its first Amazon Go cashierless grocery store in Seattle—showing it can blend its innovative digital approach with the conventional...

Pep&Co has decided to pilot a wider range of its value children’s clothing in 50 stores, a move that will appeal greatly to consumers. According to a survey conducted by leading data and analytics company GlobalData, 52 pc of...

According to GlobalData’s pre-crisis forecast, the Asia-Pacific (APAC) duty-free sales are forecast to reach US$ 43.4bn in 2020, backed by high growth in countries such as China, India and South Korea. However, the recent coronavirus scare has dramatically altered...

Authentic Brands Group (ABG), a global brand development, marketing, and entertainment company, announced the appointment of Daniel Kulle as the Chief Executive Officer of Forever 21. Kulle is a visionary, dynamic, and inspirational executive with over 20 years of experience...

Amazon on Tuesday opened its first Amazon Go Grocery in its hometown of Seattle. Amazon Go Grocery is an expansion of Amazon’s 2-year-old chain of 25 Amazon Go convenience stores. Spread across 10,400 square feet, the store stocks much more...

Gap Inc. announced a partnership with thredUP, the world’s largest fashion resale platform, to encourage customers to turn in secondhand clothes in exchange for shopping credit to be redeemed at Gap, Banana Republic, Athleta, or Janie and Jack. Gap Inc....

PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire Hangzhou Haomusi Food Co., Ltd., one of the largest online snacks companies in China, from Haoxiangni Health Food Co., Ltd. for US $705 million. PepsiCo has been...

Victoria's Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented...

Consumers in the UK believe product sustainability to be more important when buying items for the home than when purchasing anything else, says GlobalData Emily Stella, Lead Analyst at GlobalData, comments: “Home shoppers score general merchandise retailers M&S and John...

Macy’s, Inc. announced an updated strategy and three-year plan designed to stabilize profitability and position the company for growth. “We have a clear vision of where Macy’s, Inc. and our brands, Macy’s, Bloomingdale’s and Bluemercury, fit into retail today. We...

Ahead of Mothercare’s demise at the end of 2019, the baby retailer was losing customers to competitors that offered greater choice and affordability, according to a survey by GlobalData, a leading data and analytics company. Amy Higginbotham, Analyst at GlobalData,...