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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...

Dec 23, 2019

Management ANALYSIS

Is clothing rental the panacea for the ailing fashion retail industry?

New York – A recent report valued the rental subscription market at around 1 billion dollars in 2018 and forecast it grows more than 20 percent a year, reaching 2.5 billion dollars by 2023. This trend isn’t lost on traditional retailers: over the last year everyone in the industry seems to be launching their own clothing rental service. Recent...

Oct 7, 2019

Schools

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...

Sep 3, 2019

Report

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)....

Feb 1, 2019

Retail

Fashion and beauty sector to drive sales during UK's 2018 Black Friday period

London - While the UK used to look on with bewilderment as Americans stumbled over themselves to grab the best Black Friday deals, the British are undoubtedly warmed up to the November shopping bonanza. Though the UK saw a slowdown in engagement with Black Friday in 2017, UK retailers are still testing the waters with Black Friday deals, with a...

Nov 16, 2018