coronavirus

The COVID-19 pandemic has propelled e-commerce into the spotlight. Even post the crisis, online shopping is likely to take precedence over offline shopping, making decentralisation imperative for the sector. While this represents a real and immediate opportunity to drive...

Luxury consumption is driven by feelings, emotions, self-identity and social status. These motivations will never wane or fade. However, the beliefs and values that shape what people consume and how they consume is undergoing drastic changes. With the outbreak...

PVH Corp, owner of a portfolio of iconic brands including Tommy Hilfiger and Calvin Klein, announced that Daniel Grieder is stepping down from his role of Chief Executive Officer, Tommy Hilfiger Global & PVH Europe after 23 years in...

A cautious approach to easing lockdown restrictions that reduces the risk of later lockdowns may be better for the global supply chain in the long run, say researchers. The study, published in the journal Nature Human Behaviour, comprehensively assessed potential...

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...

FMCG major Hindustan Unilever Ltd (HUL) on Tuesday said the coronavirus pandemic has imposed incremental operating costs on the business and there will be some impact on its profitability in the short term. According to a PTI report: In a...

Retail sales in India are now forecast to reach Rs 66,394 bn (US$878.4bn) in 2020 (post-COVID estimates) compared to Rs 64,892bn in 2019, a growth of 2.3 percent compared to the original forecast of 12.4 percent, according to GlobalData,...

As the country gears up to come out of the two-month-long COVID-19 lockdown, Westlife Development, that owns and operates McDonald's restaurants in West and South India is all set to open its doors for customers once again, with enhanced...

As China emerges from the lockdown restrictions, 56.0 percent of Chinese consumers are buying food and grocery online more frequently than before, says GlobalData, a leading data and analytics company. Thomas Brereton, Retail Analyst at GlobalData, comments: “The impact of...

Close to half (44 percent) of urban Indians are more likely to shop online once the lockdown is over and 21 percent people are less likely than before to shop in physical retail stores, a new survey said on...