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Tag: globaldata

Nestlé’s D2C sales strategy could boost customer loyalty post-COVID-19, says GlobalData – Retail Times

Nestlé’s direct-to-consumer sales strategy, beginning in Spain this week, could be an opportunity for the brand to profit from lockdown and pre-empt future market disruptions, allowing the company to sell its products without the influence of retailer relationships. If the move is successful, other brands may also follow suit as providing convenience during the pandemic …

Nestlé’s D2C sales strategy could boost customer loyalty post-COVID-19, says GlobalData – Retail TimesRead More

As APAC luxury markets sink by US$ 2.1 bn, brands turn to affordable luxury, says GlobalData

Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a standstill during the first half (H1) of 2020. Against this back drop, brands are turning to …

As APAC luxury markets sink by US$ 2.1 bn, brands turn to affordable luxury, says GlobalDataRead More

Despite warm weather, Easter will be a wash out for retailers, says GlobalData

An Easter weekend with warm weather forecast would normally be a retailer’s dream but this year the COVID-19 lockdown measures in the UK will severely hinder Easter trading, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Over three quarters of UK consumers made an Easter purchase in 2019 …

Despite warm weather, Easter will be a wash out for retailers, says GlobalDataRead More

Sentiments remained low for Target due to weak comparable sales growth in Q4 2019, says GlobalData

A slow holiday comparable (comp) sales growth coupled with mismanagement of inventories during the fourth quarter (Q4) of 2019 affected sentiments for the US-based retailer, Target, says GlobalData, a leading data and analytics company. GlobalData’s Company Filing Analytics platform, found that Target’s overall sentiment score declined by 13.5 percent in Q4 2019 (ending February 1, …

Sentiments remained low for Target due to weak comparable sales growth in Q4 2019, says GlobalDataRead More

Coronavirus shakes up fashion brand and supplier communication, says GlobalData

With the coronavirus (COVID-19) pandemic putting a stop to all non-essential travel, technology is now taking a front seat in communication between clothing brands and their suppliers, writes GlobalData. Michelle Russell, Apparel Correspondent for GlobalData, says: “Buyers are now having to rethink how they work with manufacturers on orders and product design.” UK clothing and …

Coronavirus shakes up fashion brand and supplier communication, says GlobalDataRead More

Coronavirus unravels clothing supply chains, says GlobalData

Clothing supply chains are unravelling fast as the fallout from the novel coronavirus (COVID-19) outbreak hits retailers and manufacturers across the world, writes GlobalData. From initial concerns over the disruption to deliveries of clothing from China, where the outbreak began, the pandemic is now causing chaos throughout the entire supply chain. Quarantined workers, travel restrictions …

Coronavirus unravels clothing supply chains, says GlobalDataRead More

Online sales will not be enough to supplement lost Mother’s Day spend in stores, says GlobalData – Retail Times

Mother’s Day spend in the UK in 2020 will be significantly down on last year as consumers avoid physical stores in fear of coronavirus (COVID-19), and the spend via the online channel will be unable to compensate for the lack of physical purchases, according to GlobalData, a leading data and analytics company. Retailers with a …

Online sales will not be enough to supplement lost Mother’s Day spend in stores, says GlobalData – Retail TimesRead More

Affordability key to Pep&Co growth in childrenswear market, says GlobalData

Pep&Co has decided to pilot a wider range of its value children’s clothing in 50 stores, a move that will appeal greatly to consumers. According to a survey conducted by leading data and analytics company GlobalData, 52 pc of UK childrenswear shoppers in 2019 cited price as being important to them when buying childrenswear, making …

Affordability key to Pep&Co growth in childrenswear market, says GlobalDataRead More

IKEA continues to lead the way in sustainability rankings, says GlobalData

Consumers in the UK believe product sustainability to be more important when buying items for the home than when purchasing anything else, says GlobalData Emily Stella, Lead Analyst at GlobalData, comments: “Home shoppers score general merchandise retailers M&S and John Lewis in the top three for being environmentally friendly, while other home specialists fall lower …

IKEA continues to lead the way in sustainability rankings, says GlobalDataRead More

Coronavirus will hit airport retail worldwide: GlobalData

Global airport retail sales are forecast to reach US$ 48.2 billion in 2020, up 6.1 percent on 2019, according to GlobalData, a leading data and analytics company. However, the escalation of the severity of coronavirus could now have a detrimental impact on airport passenger numbers – causing concern for airport operators and retailers. In response to …

Coronavirus will hit airport retail worldwide: GlobalDataRead More