coronavirus

Following the news that Clarks is seeking to close some stores permanently, Patrick O’Brien, UK Retail Research Director at GlobalData, a leading data and analytics company, offers his view on this news: “Clarks is in a typical midmarket squeeze: like...

Following the news that the UK is raising the cash limit available via contactless payment from £30 to £45, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “This rise in...

Following H&M’s Q1 FY figures for 2019/20, Kate Ormrod, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Present in 74 markets, H&M’s global operation makes the challenge of dealing with COVID-19 all the more harder, ensuring...

Since the UK Government enforced stores to close for the foreseeable future, many non-food retailers hoped that customers would divert spend onto their online channels. However, last week, Next – the UK’s third largest clothing retailer – announced that it...

Following the decision by UK clothing retailer Next to shut its online operations down, Patrick O’Brien, UK Retail Research Director at GlobalData, a leading data and analytics company, offers his view: “Next’s decision is likely to reverberate across the retail...

The ongoing lockdown imposed to contain coronavirus pandemic will only have a short-term sales impact on apparel industry, while softening commodity prices will support overall profitability during the current fiscal, according to a top official of Raymond Ltd. The...

Following the nationwide shutdown mandated by the Chinese government in early February in a bid to contain the COVID-19 outbreak, CapitaLand sales offices across China have reopened progressively in March. CapitaLand’s other business segments in China have also seen a...

Myntra announced that it has partnered with Wildcraft, India’s leading head-to-toe outfitter and fastest growing outdoor gear, clothing and footwear brand, to offer high quality personal protective masks on its platform. As part of its commitment to serve customers...

FMCG firm Marico Ltd on Monday announced an initial grant of Rs 8 crore to support the government, workers and medical fraternity in their fight against COVID-19 pandemic. The company has increased the safety measures and adopted necessary precautions to...

Britannia Industries has partnered with on-demand e-commerce platform Dunzo on home delivery of all its products. Customers can avail Britannia products through the Dunzo app in under an hour of ordering from the ''Britannia Essentials'' store, a joint statement said...