GlobalData

The coronavirus pandemic has given retailers “a once-in-a-lifetime opportunity” to embrace digital technologies and restore shoppers’ confidence in physical stores.

Coronavirus crisis has given “a once-in-a-lifetime” opportunity for retailers to adopt digital technology

July 8, 2020

The coronavirus pandemic has given retailers “a once-in-a-lifetime opportunity” to embrace digital technologies and restore shoppers’ confidence in physical stores. According to GlobalData’s disruptive tech analyst Venkata Naveen, retailers around…

ThredUp is preparing to go public and hopes to raise between $200 million and $300 million in an initial public offering (IPO) next year.

70% of consumers would now shop secondhand as resale market set to hit $64bn by 2025

Industry Sustainable Tech

GlobalData resale secondhand ThredUp

June 25, 2020

Ben Stevens

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The resale clothing market is set to more than double to $64 billion in the next five years as more shoppers are willing to buy second hand. Over two thirds…

Social media is set to “play an even more important role” for retailers post COVID-19 providing a cost-effective form of marketing for cash-strapped companies.

Social media to play “even more important role” for retailers post pandemic

Industry News Social Media

COVID 19 Emily Salter GlobalData pandemic social media

June 10, 2020

Ben Stevens

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Social media is set to “play an even more important role” for retailers post COVID-19 providing a cost-effective form of marketing for cash-strapped companies. According to retail analytics giant GlobalData,…

Retailers must “redefine business models” and integrate more technology into their operations if they are to survive the COVID-10 pandemic, according to GlobalData

Crisis will see “large number of retail failures” if shops to not embrace new technology

Industry News Virtual Reality

China Converse GlobalData LVMH Technology Weibo

June 3, 2020

Ben Stevens

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Retailers must “redefine business models” and integrate more technology into their operations if they are to survive the COVID-10 pandemic, according to GlobalData. The data and analytics company has warned…

GlobalData: “Companies are still failing to take adequate steps against cyber threats”

Companies Ecommerce News Security

attack Boots cyber David Bicknell details Global Data GlobalData loyalty scheme security Tesco

March 9, 2020

Ava Szajna-Hopgood

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GlobalData has accused retailers of failing to take sufficient precautions against cyber threats. Following the news last week of cyber attacks and data breaches at Tesco, Boots and Virgin Media,…

Amazon has set its sights on Farfetch and Yoox Net-A-Porter as it prepares to launch its own luxury fashion marketplace next month.

Amazon accounts for 14% of all UK online menswear spend as it challenges Asos

Ecommerce marketplace News

Amazon Emily Salter fashion GlobalData

February 24, 2020

Ben Stevens

Amazon is forecast to have accounted for more 13.8 per cent of all online menswear sales in 2019 as analysts warn of its growing dominance in fashion. GlobalData’s latest report…

Physical entertainment retailers must shift “their focus to other areas of the retail market” to avoid collapse, according to GlobalData.

Physical entertainment retailers must dramatically change their focus to avoid “terminal decline”

Industry News

GlobalData Physical Entertainment Retail Streaming Zoe Mills

January 28, 2020

Ben Stevens

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Physical entertainment retailers must shift “their focus to other areas of the retail market” to avoid collapse, according to GlobalData. In 2019 the physical entertainment retail market, consisting of video,…

Charged has collated all the predictions from the top echelons of industry analytics to bring you this definitive guide to Black Friday

Boom or Bust: Charged’s definitive guide to Black Friday 2019

Analysis Features Industry News

Adobe Centre for Retail Research GlobalData Gumtree IMRG Kantar New West End Company NWEC Springboard

November 26, 2019

Ben Stevens

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Black Friday (BF) fatigue is officially starting to set in, both for shoppers trying to keep track of all the deals and for journalists like us trying to keep track…

Amazon, Ebay and other online marketplaces are over four times more likely to see shoppers make a purchase than retailers’ websites and apps.

Ebay and Amazon accounted for 90% of online marketplace spend in 2019

Ecommerce News

Amazon Ebay Emily Salter GlobalData Online Marketplace

October 30, 2019

Ben Stevens

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Online marketplaces are set to see spending rise £13.1 billion by 2024 as they become an increasing threat to multichannel retailers. Amazon, Ebay and Asos will continue to dominate the…

“Wardrobing” is costing UK retailers £1.5 billion a year in lost sales as a growing number of Brits order clothes with no intention of keeping them.

42% of UK shoppers refuse to pay for delivery

Delivery / Supply Chain

Delivery GlobalData New Look

September 6, 2019

Ben Stevens

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Free delivery is becoming an essential service for fashion retailers as new data reveals nearly half of UK shoppers refuse to pay for delivery. Forty-two per cent of UK online…

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London Fashion Week: How IBM is supporting the British Fashion Council and the ‘Next-Generation’ of Retail

22/09/2020 1:31 PM

IBM is supporting the BFC by optimising the digital London Fashion Week experience, enabling designers to showcase their stories through multimedia content and ensuring an engaging user experience for the global fashion audience.

We are currently living in an altered world. COVID-19 has shown the fragility of businesses across all industries, but particularly in the fashion and retail sector. Whilst many companies had…

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