GlobalData news and archive

India e-commerce market to cross 200 billion dollars in 2025: GlobalData

India's e-commerce market is forecast to grow by 12.5 percent in 2025, projected to reach 17.7 trillion rupees (211.6 billion dollars), driven by strong consumer appetite for online shopping and growing trust in digital payments. This rapid expansion reflects deeper digital integration, supportive government policies, and the rising adoption of...

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Business

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...

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Retail

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...

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Business

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...

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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...

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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...

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Business

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)....