THG to invest in additional fulfilment capacity
UK-based e-commerce company The Hut Group (THG) has committed to investing in fulfilment and personalisation capacity at major global locations.
Market Data
Bed Bath and Beyond reports 16% drop in sales
US-based domestic retailer Bed Bath and Beyond has reported a drop in sales for the...
LVMH shares reach record highs, showing the luxury group’s resilience amid the pandemic
LVMH shares were up by 2.7% in early session trading on Wednesday, upon news that sales at the luxury goods...
Face covering regulations fuel innovation in personal care categories
Compulsory face covering measures in public spaces are likely to continue to play a part in the day-to-day realities of...
BRC reports 68.7% drop in UK retail footfall last month
Retail footfall in the UK fell by 68.7% in March from two years prior, according to data from the British Retail Consortium...
Levi Strauss raises revenue growth outlook for first half
American clothing company Levi Strauss has increased its revenue growth outlook for the first half of this year to between 24% and 25% from last year. The announcement was made…
US pet industry growth potential is resilient, despite pandemic-related disruptions
US pet industry gets a boost as consumers turn to their pets for comfort Total pet industry revenue in the US reached $103.6bn in 2020, up by 6.7% comparing to…
Ocado’s exceptional Q1 trading figures highlight FMCG brands’ need for premium digital positioning
News that Ocado has seen 13-week retail revenue of £599m (to 28th February 2021), representing growth of 40%, as part of its trading figures between Q4 2020 and Q1 2021,…
Almost 190,000 retail jobs lost in UK since first Covid-19 induced lockdown in 2020
Nearly 190,000 retail jobs have been lost in the UK between the commencement of the Covid-19 induced first lockdown on 23 March 2020 and 31 March this year, according to…
K18 introduces high-performance hair care range for Singapore hair salons reeling from revenue losses due to the Covid-19 outbreak
K18, a US-based hair care brand, ventured into the Singapore market in February 2020 in partnership with Woorailoora, a local distributor for professional haircare brands. K18 offers a fast-acting hair…
Covid-19: The UK’s 2021 confectionery consumer demands products online
In 2021, many consumers in the UK demand chocolate, confectionery and desserts to be available online, as at-home habits continue. According to GlobalData’s latest consumer survey (2021 Q1), approximately one-third…
