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Top 25 global retailers thrive amidst challenges to post 7.1% YoY revenue growth in 2022

The retail industry worldwide reaped the benefits of COVID-19 pandemic-induced circumstances as consumers were compelled to shift their shopping habits online, reveals GlobalData Mumbai: Despite the challenges of high inflation rates, labour shortages, and disruptions in the supply chain, the...

The top 3 global online marketplaces which accounted for nearly 2/3s of $2.67 tn 2020 GMV

Online marketplaces around the world enjoyed stratospheric growth in 2020. According to the research data analyzed and published by ComprarAcciones.com, the top 100 online marketplaces globally posted sales worth $2.67 trillion in 2020. Compared to 2019, that marked a 29%...

China’s increasing domestic demand ramped up retail industry growth: GlobalData

China continues to report year-on-year surge in retail sales as the country’s economy rebounds due to rising domestic demand, according to GlobalData, a leading data and analytics company. Ankita Roy, Retail Analyst at GlobalData, says: “China’s relative success in containing...

Digital savvy companies stay relevant to customers in post-pandemic era: GlobalData

Prior to the COVID-19 pandemic, a paradigm shift towards digitization was already underway across the sectors. However, the pandemic has further accelerated the transformation, which is evident by the marked growth in spending towards digitization by businesses. Against this...

Top 25 retailers by market capitalization in Q1 2020 see QOQ decline with exception of Amazon and JD Sports, says GlobalData

Most of the top 25 publicly traded global retailers by market capitalization (MCap) reported quarter-on-quarter (QoQ) declines for the first quarter (Q1) ending 31 March 2020, with Amazon and JD.com being exceptions, according to GlobalData, a leading data and...

Retailing in a Time of Crisis: A World Retail Congress Publication

It seems incredible that barely a month ago, retail’s focus continued to be around how to embrace the change being brought about by the digital revolution. And then came COVID-19 which hit China in January and then in a...

Instagram threatening Amazon with its e-trade plans

The current dominance in online commerce enjoyed by Amazon could be endangered if Instagram, with its one billion users worldwide, pushes ahead with its plans to enter that space, as its new chief, Adam Mosseri, has said he intends...

Amazon to close its online biz in China: Report

Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations. Facing stiff competition from local online marketplace...

Google to invest US $550 mn in Chinese e-commerce player JD.com

In an apparent move to rebuild its presence in the country, tech giant Google is set to invest US $550 million in cash into Chinese e-commerce player JD.com. "As part of a strategic partnership, Google will put US $550 million...

Chinese e-commerce giant JD.com to raise $2.5 billion for logistics subsidiary

JD.com, Inc., China’s largest retailer, has announced that it has entered into definitive agreements for the financing for its logistics subsidiary, JD Logistics, with investors including Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank...
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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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