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GlobalData Retail

Articles by GlobalData Retail

Consumer and Retailer behaviour during the pandemic demonstrate how online and physical sales channels form a highly competitive single retail marketMultichannel retailers will lead post-Covid recovery 16 September 2020

Shopping habits in the US and Europe shifted dramatically because of disruption caused by the coronavirus pandemic, driving rapid adoption and growth in 'buy online, pick up in store' services. And new research reveals that going forward, this combination of online and physical sales channels will form a highly competitive single retail market.

Covid-19 a catalyst to make fashion more sustainable 7 September 2020

Though sustainability and ethics fell under the radar at the start of the Covid-19 crisis as many retailers struggled to survive, more enlightened players realised it was an opportunity to gain a competitive advantage in an area that would soon return to the top of consumers’ agendas.

GlobalData forecasts that Covid-19 will wipe off US$395.6bn from global clothing and footwear sales in 2020Apparel continues to be hardest hit by Covid-19 28 July 2020

Apparel continues to be the worst hit segment in retail due to Covid-19 as store closures and virus-wary consumers have severely dented seasonal spending, according to new figures.

Burberry’s recovery lies in the hands of APAC 15 July 2020

After a decent performance last year with a revamped, modern style, Burberry’s sales have plummeted as it has felt the full force of the Covid-19 crisis across its markets.

19.3% of global consumers aged 16-44 say they have bought more clothing since the start of the outbreakAlmost one-fifth of under-45s upped lockdown clothing spend 15 June 2020

Almost a fifth of under-45s have increased clothing spend to treat themselves during Covid-19 lockdown, a new survey shows.

Just over half of UK consumers say they are ready to visit non-essential stores once lockdown restrictions are liftedClothes top the list for UK consumers returning to shops 10 June 2020

Just over half of UK consumers are ready to visit non-essential stores once lockdown restrictions are lifted – with clothing top of their shopping lists, and 16-24s the most eager to return to shops – a new survey suggests.

The clothes shopping experience is likely to be very different when lockdown restrictions are liftedClothing sales surge seen when UK lockdown ends 29 May 2020

While the majority of UK consumers plan to prioritise spending time with friends and family when lockdown restrictions are lifted, 16% aim to spend time shopping for non-food items – with over two-thirds looking forward to purchasing clothing items.

Mature markets are set to suffer the biggest hit from lost apparel salesCovid-19 to cut global apparel market by US$297bn in 2020 13 May 2020

Covid-19 will wipe off US$297bn from the global apparel market in 2020 – a 15.2% decline on 2019 – according to a new forecast from GlobalData.

Consumers are spending significantly less on clothing and footwear since the Covid-19 outbreakClothing demand dives in Italy and Brazil amid spread of Covid-19 20 April 2020

Demand for non-food items remains scarce across the globe as governments impose store closures to prevent the spread of Covid-19, and as consumer confidence falls amid financial uncertainty.

The government has extended the UK lockdown for at least three more weeksUK fashion spend set to decline by 26.1% in 2020 17 April 2020

The three-week extension of the Covid-19 lockdown across the UK is expected to push down UK fashion spend by a further GBP1.4bn (US$1.75bn), according to GlobalData.

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