GlobalData
No Comments
Boohoo has remained largely unscathed by the ongoing controversies surrounding its supply chain, according to analysts.
This week The Times, which published the damning expose into working conditions at Boohoo’s…
Read MoreH&M “paid the price for being late to the online party” in 2020 according to experts
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…
Read MoreLululemon online sales account for 43% of sales in 3rd quarter
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…
Read MoreRetailers need to provide proof of sustainability claims as shoppers “no longer willing to take them at face value”
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…
Read MoreCoronavirus crisis has given “a once-in-a-lifetime” opportunity for retailers to adopt digital technology
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…
Read More70% of consumers would now shop secondhand as resale market set to hit $64bn by 2025
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…
Read MoreSocial media to play “even more important role” for retailers post pandemic
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,…
Read MoreCrisis will see “large number of retail failures” if shops to not embrace new technology
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…
Read MoreGlobalData: “Companies are still failing to take adequate steps against cyber threats”
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,…
Read MoreAmazon accounts for 14% of all UK online menswear spend as it challenges Asos
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…
Read More