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UK clothing & footwear market forecast to decline by £14.0bn this year

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...

Online channel may not be the saviour clothing retailers hoped for, says GlobalData

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...

Pivotal moment for retail as Next shuts online operation

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...

TJ Maxx’s brand value up 79 per cent in a year

Every year, leading valuation and strategy consultancy Brand Finance values the brands of thousands of the world’s biggest companies. Brands are first evaluated to determine their power/ strength (based on factors such as marketing investment, familiarity, loyalty, staff satisfaction...
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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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