GlobalData Archives - Inside Retail Asia
Capri prospects ‘ugly’ as Michael Kors, Jimmy Choo underperform
US luxury group Capri has ended its fiscal year on an unsurprisingly gloomy note, largely due to the negative impact of the coronavirus.
Asia-Pacific luxury-goods market tipped to shed US$2.1 billion this year
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.
Unprecedented growth ahead for e-commerce and contactless payments
Data and analytics firm GlobalData is predicting an unprecedented push in e-commerce and contactless payments following the coronavirus pandemic.
Likes and followers set to be more valuable post Covid-19
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.
Is China set to rescue Tiffany & Co’s bottom line?
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 soars in Covid-19’s shadow
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 well placed to survive Covid-19 fallout
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 in China booms, even after stores reopen
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 will thrive post-Covid-19, says analyst
India’s online grocers face a bright future following the Covid-19 lockdown, according to analysis by industry research firm GlobalData.
Burberry sales growth was solid – until Covid-19 hit
Luxury fashion label Burberry was delivering solid growth in sales last year – until Covid-19 stopped the momentum in its tracks.
French Connection will collapse without funding injection
Without securing an imminent financial lifeline, ailing UK-headquartered fashion chain French Connection is likely to collapse.
JC Penney collapses into Chapter 11
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.