GlobalData Archives - Inside Retail Asia
US luxury group Capri has ended its fiscal year on an unsurprisingly gloomy note, largely due to the negative impact of the coronavirus.
The Asia-Pacific luxury-goods market is projected to sink by US$2.1 billion this year as consumers switch from big-ticket items to affordable luxury.
Data and analytics firm GlobalData is predicting an unprecedented push in e-commerce and contactless payments following the coronavirus pandemic.
As consumers around the world spend more time on social media in the Covid-19 era, likes and followers on social media are likely to become increasingly valuable to retailers.
Tiffany & Co believes its decision to focus heavily on the Chinese market will play a big part in the company’s recovery from the impact of the Covid-19 pandemic which has caused sales to plummet and a rare quarterly loss.
Online shopping in Singapore has surged since the outbreak of the coronavirus pandemic and GlobalData research suggests the effect may endure.
Asia-Pacific apparel markets are better placed to counter the impact from the Covid-19 crisis than those of North America and Europe, according to research from GlobalData.
Grocery shopping online is poised for explosive growth in China, with more than half consumers saying they are buying more online even after stores reopen.
India’s online grocers face a bright future following the Covid-19 lockdown, according to analysis by industry research firm GlobalData.
Luxury fashion label Burberry was delivering solid growth in sales last year – until Covid-19 stopped the momentum in its tracks.
Without securing an imminent financial lifeline, ailing UK-headquartered fashion chain French Connection is likely to collapse.
US department-store giant JC Penney has filed for Chapter 11 bankruptcy protection. But while the company blames the Covid-19 pandemic it has been in dire straits for years.