GlobalData news and archive

GlobalData: UK shoppers expected to spend 2.3 billion pounds over Easter weekend

New data collected by analytics company GlobalData has suggested that consumers in the UK could be on the verge of spending 2.3 billion pounds over the coming Easter weekend. According to a new report from the data firm, 40 percent of shoppers stated they were planning to “spend more this year” over the holiday period. On average, customers are...

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Business

Shein reigns supreme, taking the lead apparel market share in 2024 amidst a tough economy

Shein, the ultra-fast fashion giant from China, strengthened its ever-tightening grip on the apparel market in 2024, outpacing competitors once more as budget-conscious consumers continued to turn to familiar brands amid growing economic uncertainty. The Singapore-based Shein is estimated to have extended its apparel market share by 0.24...

Retail

UK Mother’s Day spending to reach 2.4 billion pounds

Consumer spending for Mother’s Day 2025, which is celebrated in the UK on March 30 this year, is set to reach 2.4 billion pounds, a 5 percent increase from last year, as research from GlobalData reveals that consumer participation is on the rise. Data and analytics company GlobalData reveals that the proportion of UK consumers planning to...

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Retail

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...

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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...

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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...

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Retail

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...

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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...

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Retail

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...