GlobalData

As the second largest retail market in 2019 (behind China), the US is set to experience the steepest slump of all other countries this year (in terms of value) declining over US$ 200 bn versus 2019. Spend is forecast...

Sweden’s retail market is set to be one of the better performing in Europe in 2020, only marginally declining 0.4 percent, as it is yet to impose a lockdown (and does not plan to) in contrast to many other...

Following the news that Adidas reported a 19 percent decline in net sales in the first quarter of 2020; Luke Gowland, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on the company’s current challenges: “Adidas has...

43.1 percent of consumers globally say they are spending more time cooking at home during the COVID crisis, which is hindering demand for takeaway services, says GlobalData, a leading data and analytics company. Following the latest publication of GlobalData Retail’s...

With almost 3 million cases of coronavirus worldwide and numerous countries enforcing lockdowns, global retail spend is anticipated to fall 3.0 percent in 2020, equating to US$ 549.7bn, in comparison to a previously expected rise of 5.0 percent prior...

IKEA has acquired augmented reality (AR) start-up Geomagical Labs. Commenting on the same, Wafaa Hassan, Analyst at GlobalData said, “As one of the early investors of AR, IKEA’s acquisition of Geomagical Labs gives its customers the opportunity to see how...

Set to be the worst hit sector by the COVID-19 pandemic, UK clothing & footwear spend is anticipated to plummet in 2020, falling 26.1 percent versus 2019, says GlobalData, a leading data and analytics company. Chloe Collins, Senior Retail Analyst...

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...

Primark has recently released H1 figures for 2019/20. Commenting on the same, Pippa Stephens, Retail Analyst at GlobalData said, “Though Primark’s performance for H1 FY2019/20 once again displays impressive revenue growth, particularly internationally, the outbreak of COVID-19 will drastically impact...

Waitrose has recently released Q1 figures for 2020/21. Commenting on the same, Thomas Brereton, Retail Analyst at GlobalData, said, “Newly appointed John Lewis Partnership Chair Sharon White has truly had a baptism by fire during her first two months in...