GlobalData news and archive

Global demand for athleisure to grow to 550 billion dollars by 2025

The global athleisure market is set to grow by 25 percent to 551 billion collars by 2025, according to research by GlobalData. Sportswear is booming, as demand for comfort apparel continues to soar while two out of every five people are still working from home in some capacity. Globaldata research shows the popularity of sports fashion should...

Business

No-deal Brexit will be pricey for UK fashion, GlobalData warns

Trading with the EU under a no-deal Brexit will be pricey for UK fashion, GlobalData has warned, adding that the country’s textile and fashion firms should therefore be weighing up other markets to potentially trade with. It comes amid a back-and-forth between the UK and EU over a long-awaited trade deal, with some fine details hindering the...

Retail

Deadstock ‘a real opportunity for innovation’ in the fashion industry

The fashion industry needs to think of new and creative ways to tackle its issue of excess inventory and unused fabrics if sustainable goals are to be met, according to GlobalData. “Excess inventory and how to handle it appropriately is probably one of, if not the biggest, sustainability challenges clothing brands have to face,” said Hannah...

Retail

Covid-19 to have positive long-term impact on UK e-commerce

The impact Covid-19 is having on society will result in a long-term boost to e-commerce, according to data and analytics firm GlobalData. Online shopping has played a critical role during the pandemic, with lockdowns across the world forcing stores to close and many businesses looking to online sales alone to keep them afloat. But clothing and...

Fashion

New UK immigration laws could slow garment sector growth

Proposed changes from the UK government to entry requirements for both EU and non-EU citizens entering the country could slow the growth of its garment sector, Globadata has warned. From January 2021, proposed post-Brexit immigration rules would mean low-skilled workers from the EU would be denied UK visas. The new point-based system is looking...

RetailFeatured

Westfield crowned as UK's best shopping centre

On any given day London’s Westfield malls are buzzing with activity. Its retail edit and experience curation has paid dividends, as Westfield London and Stratford City have been named the best UK shopping centres by GlobalData for the second consecutive year. The rankings of GlobalData’s Top 50 Shopping Centres Report take into account the...

Business

Is legislation necessary for supply chain transparency?

The need for clothing brands and retailers to be more open about their supply chains has become clear over the years, but according to GlobalData it may take more than voluntary action. In a press release, the company announces that legislation may be the answer. Following disasters such as the collapse of Rana Plaza in Bangladesh, an increasing...

Retail

UK back-to-school market forecast to reach 1.7 billion pounds in 2019

The UK back-to-school market is predicted to grow by 1.5 percent this year, with shoppers in the UK expected to splash out 1.7 billion pounds on back-to-school items in 2019, according to data and analytics company GlobalData. That number only slightly outperforms the annual rise in the number of pupils due to population growth. Total uniform...

RetailFeatured

John Lewis wins 4 GlobalData customer satisfaction awards

John Lewis and Partners took home four awards in the GlobalData customer satisfaction awards 2019, including the prestigious Best Retailer category, having been runner-up for the past four years. The department store was the most successful retailer at this year’s Customer Satisfaction awards, beating tough competition from Nike and Amazon to be...

Fashion

UK Mother’s Day spend to reach 1.6 billion pounds

Shoppers in the UK are expected to spend as much as 1.6 billion pounds on this year’s Mother’s Day, which takes place on Sunday, 31 March, according to new research by GlobalData. The data, based off a 2,000 nationally representative Mother’s Day survey, found that spend would increase 0.8 percent compared to last year, with ‘gifting’ named the...

BusinessFeatured

Amazon profits soar but sales growth slows

Amazon reported its third record profit in a row on Thursday, but forecasts lower-than-expected sales for the first quarter of 2019. In the last quarter of 2018, which includes the important Christmas trading period, profits rose 63 percent to 3 billion US dollars (2.3 billion pounds) - up from 1.86 billion US dollars (1.42 billion pounds)....