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COVID-19 makes e-commerce even more preferred among shoppers in Hong Kong, says GlobalData

The growth of Hong Kong e-commerce market has been revised up, considering the positive push due to coronavirus (COVID-19) outbreak, according to estimates by GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that the...

Face mask requirement is yet another blow for non-essential retailers, says GlobalData

Face masks will be compulsory in England’s shops from July 24, 2020. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Shopping for non-essential items is already less appealing than...

COVID-19 accelerates digital transformation in retail

As the entire world is scrambling to come back to normalcy under the COVID-19 pandemic-induced social distancing guidelines, brick-and-mortar retailers are shifting gears to rapidly embrace digital technologies to bridge the physical distance and navigate the crisis. With increased...

Manufacturers offering flexibility will win-out in post-COVID world

Clothing manufacturers will need to be open to offering buyers significantly more flexibility if they hope to secure greater orders in a post-COVID world, says GlobalData, a leading data and analytics company. Nations are gradually emerging from the pandemic, which...

Retailers need to instill confidence among APAC consumers to remain relevant in post COVID-19 world, says GlobalData

As China and other markets across the Asia-Pacific (APAC) region continue to grapple with the COVID-19 pandemic, there is a visible difference in how consumer spending has changed over the course of the first half (H1) of 2020 due...

Athleisure set to increase its share in clothing and footwear to 18.5 pc by 2023 in APAC

The athleisure market in the Asia-Pacific (APAC) region is no longer just a western world phenomenon. It symbolizes the millennial cultural shift as more casual workplaces have diminished the strict formal dress codes at work and beyond. The athleisure...

COVID-19 boosts customer appetite for online grocery shopping in APAC countries, says GlobalData

The need to maintain social distance and stay at home due to the COVID-19 pandemic is increasingly forcing consumers across the Asia-Pacific (APAC) region to shift their shopping habits online. Therefore, contactless deliveries are ideal during lockdown measures, forcing...

As APAC luxury markets sink by US$ 2.1 bn, brands turn to affordable luxury, says GlobalData

Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a...

E-commerce and contactless payments will see unprecedented push post-COVID-19

The COVID-19 pandemic has brought a paradigm shift in the payments industry. While cash payments became a thing of the past due to cash being considered as a potential carrier of the virus, various types of e-commerce and contactless...

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...
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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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