The global retail industry experienced a 62% drop in company filings mentions of metaverse in Q3 2023 compared with the previous quarter, with the highest share accounted for by Alibaba Group with 100% year-on-year increase, according to GlobalData’s analysis of over 23 retail company filings. GlobalData’s Retail: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the retail industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, metaverse was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of sports viewership and governance, according to GlobalData.
Of the top leading companies in the retail industry, Alibaba Group had the greatest increase in references for metaverse in Q3 2023, compared with the previous quarter. GlobalData identified six metaverse-related sentences in the company's filings - 0.1% of all sentences - and an increase of 100% in Q3 2023 compared with Q3 2022. Best Buy’s mentions of metaverse rose by 400% to 5 and NIKE’s by 50% to 2 and Woolworths Group’s by 67% to 1.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for metaverse in Q3 2023 was 162.
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For further understanding of GlobalData's Retail: Filings Trends & Signals Q3 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
