GlobalData

H&M has “paid the price for being late to the party online” this year seeing its full year sales drop nearly 20 per cent.

H&M “paid the price for being late to the online party” in 2020 according to experts

December 16, 2020

H&M has “paid the price for being late to the party online” this year seeing its full year sales drop nearly 20 per cent. According to GlobalData’s retail analyst Emily…

Lululemon has smashed analysts’ expectations over its third quarter thanks to a dramatic rise in online sales, which now account for over 40 per cent of its total revenue.

Lululemon online sales account for 43% of sales in 3rd quarter

Companies

athleisure Calvin McDonald GlobalData Lululemon

December 11, 2020

Ben Stevens

No Comments

Lululemon has smashed analysts’ expectations over its third quarter thanks to a dramatic rise in online sales, which now account for over 40 per cent of its total revenue. The…

Fashion retailers claiming to prioritise sustainability will have to start providing evidence to convince consumers who are “no longer willing to take green efforts at face value”.

Retailers need to provide proof of sustainability claims as shoppers “no longer willing to take them at face value”

Industry Sustainable Tech

fashion GlobalData green Hannah Abdulla sustainability

October 23, 2020

Ben Stevens

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Fashion retailers claiming to prioritise sustainability will have to start providing evidence to convince consumers who are “no longer willing to take green efforts at face value”. According to leading…

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

Industry

Asda Coronavirus Decathlong GlobalData Kroger Lidl

July 8, 2020

Ben Stevens

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

No Comments

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

No Comments

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

No Comments

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,…

Online fashion orders have skyrocketed 363 per cent since the start of November as Cyber Week and Christmas shopping provided a much-needed boost for the industry.

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

No Comments

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,…

GlobalData

H&M “paid the price for being late to the online party” in 2020 according to experts

Lululemon online sales account for 43% of sales in 3rd quarter

Retailers need to provide proof of sustainability claims as shoppers “no longer willing to take them at face value”

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

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

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

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

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

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

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