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Evans’ acquisition forces split of Arcadia’s brands, leaving Wallis and Burton menswear most at risk

Following the news that Arcadia brand Evans has been bought out of administration by Australian retail group City Chic Collective, Chloe Collins, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “City...

APAC hot drinks sector set to reach US$116.8bn in 2024: GlobalData

The Asia-Pacific (APAC) hot drinks sector is the largest in the world and is expected to reach US$116.8bn in 2024, growing at a compound annual growth rate (CAGR) of 7.7% during 2019-2024. Increased spending power and busy lifestyles are...

Danone’s hiring on the decline as it adapts to increasing at-home consumption

Danone’s job postings jumped in Q2 during COVID-19 lockdowns, rising from 536 in January to reach a high of 1,141 in May. However, this was followed by a reorganization in Q3, which led to reduced positions, finds GlobalData, a leading data and analytics...

Walmart to begin deliveries with driverless trucks in 2021

aking its autonomous vehicle pilot with a startup called Gatik to the next level, retail giant Walmart is now planning to start deliveries with driverless truck in the US state Arkansas starting next year. "This achievement marks a new milestone...

COVID-19 has accelerated digital transformation, says SCO Secy-General

Vladimir Norov, Secretary-General of the Shanghai Cooperation Organization (SCO), said the coronavirus pandemic, despite its enormous damage to public health and global economy, had brought new opportunities by accelerating digital transformation. Speaking via video conference here on Monday, Norov said...

Retailer, restaurant closures in US surge to high level

Due to the ongoing coronavirus pandemic, 8,400 retailers and 110,000 restaurants across the US have been closed so far this year, according to industry statistics. Data issued on Sunday by the New York-headquartered Coresight Research revealed that the Ascena Retail group, an American retailer...

Vietnam’s e-commerce market to reach US$13.1bn in 2020: GlobalData

Vietnam is one of the fastest growing e-commerce markets in the Asia-Pacific region, driven by young population, growing middle class, growing Internet penetration and rising smartphone penetration. The COVID-19 pandemic and the subsequent social distancing measures have further accelerated...

Gap joins US Cotton Trust Protocol & Textile Exchange’s 2025 Sustainable Cotton Challenge

Leading global apparel company Gap Inc. has joined the U.S. Cotton Trust Protocol and Textile Exchange’s 2025 Sustainable Cotton Challenge as part of its integrated sustainability strategy and to help it achieve its commitment to use only 100% sustainably-sourced...

Aldi’s Deliveroo experiment reveals Christmas e-commerce potential for discounters: GlobalData

As e-commerce and delivery ramp up - due to Christmas, COVID-19 and lockdowns - German discounter, Aldi, has expanded its tie-up with Deliveroo to almost 130 of its 900 stores in the UK and would extend a click and...

Consumer, retailer behaviors during pandemic show online and physical channels form a highly competitive, single retail market

A new report titled ‘Multichannel Retail and COVID-19′ by leading data and analytics company, GlobalData,  (download: https://bit.ly/mcretail2) finds that shopping habits in the US and Europe shifted dramatically because of disruption caused by the pandemic, driving rapid adoption and growth in buy online,...

Why the collapse of Debenhams and the Arcadia group was inevitable

Following the news that Arcadia has fallen into administration, and that Debenhams it set to close all its stores; Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “While Debenhams and Arcadia...

Black Friday in-store shopping drops amid pandemic

Christina, a 74-year-old woman, only spent about five minutes buying a toaster oven at Macy's flagship store in New York city on Black Friday morning. "It was quick, it was a short line. It is not very busy now," the...

Textile waste must be fashion industry’s next raw material: GlobalData

The COVID-19 pandemic has acted to further galvanise consumers in demanding more responsible products and fashion firms already have the necessary tools at hand, writes GlobalData, a leading data and analytics company. Beth Wright, Apparel Correspondent for GlobalData, comments: “The pandemic has...

Amazon gives US holiday shoppers more delivery location options

As Amazon braces for the busy holiday shopping season, the e-commerce giant is giving shoppers in the US more location options to get their packages delivered. So instead of getting their packages delivered to their houses, shoppers can get the...

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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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