Department store and mall owners have been positive towards ‘digitization’, ‘contactless payments’ and ‘sustainability’ in company filings, with discussions around mobile payments and digital growth having grown in 2020 earnings transcripts compared to 2019, reveals GlobalData, a leading data and analytics company.
Digital technologies are increasingly exerting pressure on incumbents across industries to fundamentally reconsider their business models while giving rise to smaller, agile players that are enabling innovation and disruption in many aspects of the business, says GlobalData, a leading data
The COVID-19 pandemic has upended the traditional work-from-office models and enforced months of work from home (WFH) due to the prolonged lockdowns. Now that many countries have lifted lockdowns, enterprises are increasingly willing to reopen their physical offices by redesigning
The Chancellor of the Exchequer has announced a series of measures to aid economic recovery. Thomas Brereton, retail analyst at GlobalData, a leading data and analytics company, offers his view on this news" “Retailers will undoubtedly be feeling left out
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 competition
Prepacked food boxes are proving a popular option for the growing number of shoppers prioritising speed of delivery over flexibility of product choice, says GlobalData, a leading data and analytics company.
The COVID-19 pandemic has wreaked havoc on the global fashion industry but could herald a renewed focus on sustainability in the longer term, says GlobalData, a leading data and analytics company.
Almost 5% of UK consumers have bought a bike since the beginning of the coronavirus crisis, encouraged by good weather, a desire to get outdoors to exercise as well as the government’s advice to avoid public transport*, says GlobalData, a
While clothing has been the retail sector worst hit by the COVID-19 crisis, as consumers deprioritise non-essential items due to economic uncertainty and a lack of social events, 19.3% of global consumers aged 16-44 cited that they have bought more
While the majority of UK consumers plan to prioritise spending time with friends and family when lockdown restrictions are lifted, 16.0% aim to spend time shopping for non-food items, with over two-thirds looking forward to purchasing clothing items, as they
As China emerges from the lockdown restrictions, 56.0% of Chinese consumers are buying food and grocery online more frequently than before, says GlobalData, a leading data and analytics company.
The government has set out plans for non-essential retailers to open stores from 15 June.
Local retailers are set for a much needed post-lockdown boost as almost one in three British consumers say they will visit local shops more frequently than they did before the crisis, says GlobalData.
With over a quarter of shoppers now planning to spend more online after the COVID-19 restrictions are lifted, retailers with a limited (or no) online proposition must consider investment in order to remain competitive, says GlobalData, a leading data and
The ONS has reported that men working as sales and retail assistants were found to have raised rates of death involving COVID-19. Sofie Willmott, lead analyst at GlobalData, a leading data and analytics company, offers her view on this news:
A significant increase in the total prevalence of PTSD is expected globally amid the COVID-19 pandemic - with the risk for women being twice as high as men, says GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘Post-Traumatic Stress
The COVID-19 lockdown and the disruption to retail is expected to wipe off ¥3.0 trillion (US$420bn) from China’s retail market in 2020, causing a 1.8% fall in retailer sales in 2020 over 2019. This compares with pre-COVID growth estimates of
As the UK lockdown continues into its fifth week, and both the start and end-dates of the quarantine seem to get further away, the impact on the UK’s pubs and nightlife sector is having to be continually reassessed. In terms
Forty three per cent 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.
Sales opportunities for non-food retailers are scarce amid the COVID-19 pandemic as lockdowns are enforced and non-essential stores remain temporarily closed. However, with 59.8% of consumers globally using salons and spas for treatments, the desire to replicate salon treatments at
Global fashion players operating stores in Europe’s shopping centres and high streets will be demanding, even enforcing in some countries such as Spain, rent holidays over the next few months as COVID-19 continues to take a greater hold, says GlobalData,
Clothing suppliers are currently facing a barrage of cancelled orders, but care needs to be taken to ensure they do not turn to unregistered subcontractors with a high risk of labour abuses and poor factory safety once business resumes, says
Following the news from the British Chambers of Commerce (BCC) that six in ten UK firms have no more than three months of cash left; Luke Gowland, thematic analyst atGlobalData, a leading data and analytics company, offers his view:
In the key markets most heavily affected by the coronavirus (COVID-19), case trends are expected to follow a low-risk forecast, with the exception of the US, according to GlobalData, a leading data and analytics company.
With the coronavirus (COVID-19) pandemic putting a stop to all non-essential travel, technology is now taking a front seat in communication between clothing brands and their suppliers, writes GlobalData.