Asda
Food
Grocery retail saw 4X surge in influencer conversations on Twitter over last 90 days, finds GlobalData
Retailers are seeing a surge in grocery shopping as consumers stock up on food and other essentials because of the COVID-19 outbreak. A similar trend is observed on GlobalData’s Grocery Retail Influencer Platform, where grocery retail related conversations spiked...
Food
Grocers not immune from decimated demand for clothing & footwear
ASDA is reducing payments to suppliers on a quarter of its clothing orders. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news:
“As the fourth biggest player in the UK clothing...
Retail
Artificial Intelligence, CCTVs help international retailers in loss prevention
Unlike in India, in the US and UK and other global destinations, a customer is not required to submit his handbag / shopping bag at the entrance. It would be unimaginable for any store in the UK to go...
International News
43.3 pc of consumers spent on summer products this year due to heatwave, says GlobalData
The prolonged heatwave in the UK and major sporting events boosted spending on summer items such as outdoor and gardening products, BBQ food and holiday clothing, with consumers judging Tesco to be the retailer that had promoted its summer...
Food
Walmart and Sainsbury’s announce combination of Sainsbury’s and Asda, Walmart’s wholly owned UK business
Walmart Inc and J Sainsbury has announced the combination of Sainsbury’s and Asda Group Limited, Walmart’s wholly owned UK retail subsidiary.
At a time of significant and rapid change in the retail sector, the combination will create one of the...
Retail
“Customer is King, everything else falls in line”
Kapil Hetamsaria founder of Velvetcase - a hybrid e-commerce platform started with the passion to deliver a complete customised and transparent fine jewellery buying experience to consumers in India and worldwide. The company has internationally acclaimed designers and manufacturing...
Retail
Burgeoning power of Indian e-commerce industry
Online stores turning Market places
A marketplace is more like a virtual mall which provides an established platform for sellers and buyers to connect, share, sell, buy and build ongoing relationships. Amazon was the first to introduce the online...
Food Service
Courtyard by Marriott, Gurgaon Celebrates Thai Food Festival
Courtyard by Marriott, Gurgaon will be hosting a Thai Food Festival at MoMo Cafe. Thai food is believed to come with great history and the cuisine is considered to be a marriage of past eastern and western culinary. The...
Retail
Starbucks profit climbs 34% on U.S. store traffic
Starbucks Corp. (SBUX), the world’s largest coffee-shop operator, said third-quarter profit rose 34 per cent as customer traffic increased in the U.S.
Net income in the period ended July 3 climbed to $279.1 million, or 36 cents a share, from...
Retail
Former Asda executive set to join Amazon UK
A former executive at the Walmart-owned grocer Asda is set to join the online retail giant Amazon in the UK to help drive its growth plans.
Amazon is close to hiring Doug Gurr - who left his role as Asda’s...
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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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