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...

BusinessFeaturedMember

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...

Fashion

Chloe Cherry launched curated collection on Depop

American actress and model Chloe Cherry has launched a curated collection of more than 75 ready-to-wear pieces on Depop, the community-powered online marketplace for secondhand fashion. Launching on Wednesday, October 9, the collection includes a broad range of pieces from the actress's personal wardrobe that represent her eclectic and...

RetailFeatured

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...

BusinessMember

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...

BusinessMember

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...

BusinessFeaturedMember

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)....