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Primark’s dominance threatened by COVID-19

Primark has recently released H1 figures for 2019/20. Commenting on the same, Pippa Stephens, Retail Analyst at GlobalData said, “Though Primark’s performance for H1 FY2019/20 once again displays impressive revenue growth, particularly internationally, the outbreak of COVID-19 will drastically impact...

Waitrose expands home delivery fulfilment to cope with COVID-19 demand

Waitrose has recently released Q1 figures for 2020/21. Commenting on the same, Thomas Brereton, Retail Analyst at GlobalData, said, “Newly appointed John Lewis Partnership Chair Sharon White has truly had a baptism by fire during her first two months in...

Wide assortment and strong online channel offers protection to John Lewis & Partners

John Lewis & Partners has recently released 5 and 12 week figures for weeks ending April 18, 2020. Commenting on the same, Sofie Willmott, Lead Retail Analyst at GlobalData, said, “Although it is in a better position than many other...

Instagram launches in-app food delivery to support businesses

Facebook-owned photo and video-sharing app Instagram has launched a new feature that allows food orders to be placed through the app, as part of an effort to support local businesses during lockdowns. The feature was first rolled out in the...

Abu Dhabi and Dubai prepare to reopen malls with new rules

Abu Dhabi and Dubai have announced preparations to reopen malls and shopping centers, issuing guidelines on Thursday for business owners and shoppers. However, Dubai Economy has asked businesses to be on ‘standby’ for official announcements on the date of reopening...

CapitaLand Retail China Trust posts encouraging signs of recovery

In its 1Q 2020 business updates, CapitaLand Retail China Trust shared encouraging signs of recovery in its portfolio of China malls: - Shopper Traffic in Mar’20 up 105 pc month-on-month - Tenant sales in Mar’20 up 189 pc month-on-month - Malls that...

Nosedive in UK consumer confidence will be unwelcome news for retailers, says GlobalData

The UK future sentiment index plummeted in April to the lowest level seen since tracking began in April 2012, pulled down by pessimistic feeling around the future of the UK economy and bringing bad news for retailers that will...

H&M Group leads the Fashion Transparency Index 2020

H&M Group has been named number one out of 250 fashion brands in the latest Fashion Transparency Index, which ranks companies according to how much information they disclose about their suppliers, supply chain policies and practices, and social and...

China to potentially become world hub for automated foodservice post COVID-19, says GlobalData

COVID-19 has disrupted the global foodservice industry like no other crisis, with businesses small and large scrambling to pull together their resources and adapt their business model to suit to a new, largely remote customer base. In the short-term,...

COVID-19 demands radical changes in APAC foodservice industry, says GlobalData

Consumers are highly concerned about the possibility of being exposed to COVID-19 and its impact on their health and lifestyle. In line with this, changes in customer behavior, especially consumption habits, have been observed in the Asia-Pacific (APAC) food...

The impact of COVID-19 on grocery shopping behavior

At the onset of the coronavirus pandemic in the U.S., grocery shopping behavior changed seemingly overnight. The question for many retailers and manufacturers is how the current crisis will impact future shopping behavior once the country returns to a...

Landlords under pressure as global fashion chains set to demand rent holidays

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, a leading data and analytics company. Honor Strachan, Principal Analyst at GlobalData, comments: “Landlords will...

Walmart meets commitment to hire 150,000 associates, pledges to hire 50,000 more

Walmart is committed to helping the fellow Americans seeking work, while serving customers during this unprecedented time. The brand recently committed to hiring more than 150,000 new associates by the end of May. Since then, it has had over...

COVID-19 presents an opportunity for beauty retailers as salons remain closed: GlobalData

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...

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Arvind Ltd Q4 profit rises 7.32% at Rs 104.42 crore

Consolidated revenue from operations during the quarter under review stood at Rs 2,074.51 croreNew Delhi: Textiles manufacturer Arvind...
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