What will happen to retail if there’s another lockdown in the UK?
With Covid-19 coronavirus cases rising in the UK, retailers are questioning whether a second lockdown is likely to come into…
10 Sep 2020
125,000 jobs lost in the UK retail sector so-far this year, says study
124,515 job losses in the retail sector were recorded between 1 January and 31 August this year. These losses include 7,000 jobs from M&S, 2,500 from Debenhams, 4,000 from Boots…
09 Sep 2020
How retail unicorns are facing the challenge of Covid-19
Unicorn companies are privately held startup businesses valued at a minimum of £1bn. For example, TradeGala - the B2B online marketplace - is a retail unicorn and an online B2B…
08 Sep 2020
UK retailers “hanging by a thread” as high streets remain empty
UK high-street footfall decreased by 34.8% in August and retailers are struggling as September’s quarter rent approaches, according to figures from the British Retail Consortium (BRC). According to the BRC,…
08 Sep 2020
Retail tech trends: Stores leads Twitter mentions in August 2020
The top tweeted terms are the trending industry discussions happening on Twitter by key individuals (influencers) as tracked by GlobalData’s Influencer Platform. 1. Stores – 323 mentions Coping strategies for…
03 Sep 2020
John Lewis adds 30 new brands in an attempt to modernise
UK-based department store chain John Lewis & Partners has announced that it is adding 30 third-party brands to its platform, ready for the autumn/winter season of 2021. The chosen brands…
02 Sep 2020
Could Walmart Plus compete with Amazon? Retail industry responds
US-headquartered multinational retailer Walmart has announced plans to launch a membership programme, Walmart Plus, nationwide from 15 September. This announcement comes less than a week after Walmart declared it would…