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Tesco’s record Christmas sales reveal how COVID-19 has boosted interest in sustainability

Tesco announced record sales over Christmas, reporting that in 2020, the sales of vegan Christmas alternatives surged, with the retailer’s largest-ever plant-based festive ranges showing significant increases in interest. This is in line with GlobalData’s research which shows that...

Seamless offline & online convergence makes India the best consumer story in the world

The next five years will be dedicated to the convergence of all channels and the emergence of truly new multichannel retail. The inaugural session of the Phygital Retail Convention, Live on Your Screen, on October 14-15, 2020, saw some...

Phygital Retail Convention: Convergence – Offline-Online, A Reality

2020 has delivered a VUCA disruption like never before. As the pandemic overhauled the rules of traditional retail, consumer facing businesses across the globe were subjected to a jaw-clenching ride to just stay afloat. The inaugural session of Phygital Retail...

UK supermarket chain Tesco to create 16,000 new permanent jobs

British supermarket chain Tesco announced that it will create 16,000 new permanent roles in a bid to support the development of online businesses which have surged during the COVID-19 pandemic. The 16,000 jobs are in addition to the 4,000 permanent...

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...

Ethical Sourcing: How fast fashion giant H&M is setting an example in the wake of the COVID-19 crisis

At a time when an increasing number of fashion bigwigs are cancelling orders to the tune of billions of dollars, H&M has set an example by standing in solidarity with its supply chain partners in Bangladesh. "We will stand by...

Affordability key to Pep&Co growth in childrenswear market, says GlobalData

Pep&Co has decided to pilot a wider range of its value children’s clothing in 50 stores, a move that will appeal greatly to consumers. According to a survey conducted by leading data and analytics company GlobalData, 52 pc of...

Optimizing customer digital experiences with AI

With the advent of AI, brands have gathered a deeper understanding of customers. As AI deals with semantic meaning, meta-level knowledge, and answers which are either exact or optimal, it can easily come up with personalized interactions based on...

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...

UK biggest retailer Tesco axes 4,500 supermarket jobs

Supermarket giant Tesco said Monday it is to axe about 4,500 jobs across its city-centre UK stores to slash costs. Tesco, which is Britain's biggest retailer, will carry out a reduction of around 4,500 colleagues as the group experiences...
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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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