E-COMMERCE MARKET IN SOUTH KOREA TO SURPASES US $242 BILLION IN 2025
E-COMMERCE MARKET IN SOUTH KOREA TO SURPASES US $242 BILLION IN 2025 - South Korea’s e-commerce market ranks among the most developed in the world and has been on a sustained growth for the past few years. Supported by the country’s robust technology infrastructure, which ensures the availability of high-speed Internet as well as a significant number of tech-savvy customers, the trend is forecast to continue over the next few years to reach KRW263.5 trillion (US$242.2bn) in 2025, says GlobalData, a leading data and analytics company. Accordi…
COMBINED MARKET CAP OF WORLD'S FIVE LARGEST HOTEL CHAINS UP BY $12B YTD, DESPITE HOTEL STOCKS FALLING ON VIRUS FEARS
COMBINED MARKET CAP OF WORLD'S FIVE LARGEST HOTEL CHAINS UP BY $12B YTD, DESPITE HOTEL STOCKS FALLING ON VIRUS FEARS - Although hotel stocks underperformed the broader economy in June for the fourth straight month, the market cap of the world's largest hotel chains still recovered significantly this year. According to data presented by StockApps.com , the combined market capitalization of Wyndham Hotels and Resorts, Choice Hotels International, Marriott International, Intercontinental Hotels Group, and Hilton Worldwide Holdings, as …
GLOBAL SNEAKERS MARKET TO GROW BY 30% AND HIT $102.8B VALUE BY 2025
GLOBAL SNEAKERS MARKET TO GROW BY 30% AND HIT $102.8B VALUE BY 2025 - The COVID-19 has had a huge impact on the sneakers market, causing supply chain disruptions, closing retail stores, and cutting down revenues. Although all major sports brands managed to recover and boost their sales online, this year's revenues are still expected to remain below pre-COVID-19 levels. According to data presented by BuyShares.co.uk , the revenues of the global sneakers market are set to reach $66.3bn in 2021, compared to $69.6bn in 2019. However, the en…
TOKYO OLYMPICS FAILS TO BOOST HIRING ACTIVITY IN JAPAN
TOKYO OLYMPICS FAILS TO BOOST HIRING ACTIVITY IN JAPAN - Tokyo Olympics and Paralympics games are back at the world center stage after delays due to the COVID-19 pandemic. The mega sporting events do not seem to impact hiring activity with active jobs not seeing significant growth in Japan. However, it’s business as usual for companies that are partnering the event. From product launches, customer engagement, providing hospitality support, and business development, companies are making the most of sporting extravaganza, observes GlobalData, …
GLOBAL ACTIVEWEAR MARKET TO HIT OVER $400B VALUE BY 2024
GLOBAL ACTIVEWEAR MARKET TO HIT OVER $400B VALUE BY 2024 - The global activewear industry, comprising several product categories like footwear, sportswear, swimwear, and yoga wear, has grown steadily over the last half-decade. In 2021, the entire sector is expected to hit a $366.6bn value, up from $353.5bn a year ago. According to data presented by 123scommesse.it , the increasing trend is set to continue in the following years, with the global activewear market reaching over $400bn value by 2024. The United States the Largest…
FASHION & JEWELRY SHOPPING ARE MEANINGFUL FOR AMERICANS DURING COVID-19 PANDEMIC
FASHION & JEWELRY SHOPPING ARE MEANINGFUL FOR AMERICANS DURING COVID-19 PANDEMIC Americans' relief reflects increased demand for fashion items The clothing category increased by 80% and jewelry reached 650% The relief felt by the nearly 110 million Americans who have received the vaccine is beginning to be reflected in the type of purchases they make; Today, consumers stopped focusing on stocking up on groceries and household items to turn their interest in fashion items such as apparel and jewelry. According to Tiendeo.us , t…
ASIA PACIFIC LUXURY RETAILERS TO BENEFIT FROM POST-COVID 19 NORMAL PERIOD
ASIA PACIFIC LUXURY RETAILERS TO BENEFIT FROM 'POST-COVID 19 NORMAL' PERIOD , says GlobalData Several countries in the Asia-Pacific (APAC) region like India and Malaysia are dealing with the second spurt of the COVID-19 pandemic. However, as much as the pandemic proved to be a threat, it also created opportunities for regional luxury retailers and international retailers operating in the APAC to leverage technology and reach customers at a personal level by using the social media platforms such as WeChat and TikTok. The APAC remains th…
EUROPEAN HOTEL INDUSTRY REVENUE TO SLUMP BY 50% IN 2021, ACCOMMODATION TURNOVER BY 28%
EUROPEAN HOTEL INDUSTRY REVENUE TO SLUMP BY 50% IN 2021, ACCOMMODATION TURNOVER BY 28% - For the European hospitality industry, substantial effects of the pandemic are expected to affect its performance in 2021. According to the research data analyzed and published by ComprarAcciones.com , revenue could slump by as much as 50% during the year. Based on an HVS report, the sector’s transaction volume fell by 69% in 2020 to €8.5 billion down from a peak of €27.1 billion in 2019. The figure was, however, higher than the €3.1 billion recorded in …
CARD PAYMENT IN SINGAPORE WILL REBOUND IN 2021 WITH IMPROING ECONOMIC CONDITIONS
CARD PAYMENT IN SINGAPORE WILL REBOUND IN 2021 WITH IMPROING ECONOMIC CONDITION - Card payments in Singapore, which have seen sustained growth in the last few years, registered a decline in 2020 amid the COVID-19 pandemic. They are set to rebound in 2021 with a 10.2% growth due to improving economic conditions and reducing impact of the pandemic, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, card payments are set to revive with the reopening of businesses, recovery in consumer …
E-COMMERCE MARKET IN CHINA WILL REACH US$3 TRILLION IN 2024
E-COMMERCE MARKET IN CHINA WILL REACH US$3 TRILLION IN 2024 - The Chinese e-commerce market is set to register a strong compound annual growth rate (CAGR) of 12.4% from CNY13.8 trillion (US$2.1 trillion) in 2021 to CNY19.6 trillion (US$3.0 trillion) in 2024, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s E-Commerce Analytics, e-commerce sales in China are expected to register a robust growth of 17.2% in 2021, as consumers increasingly shift from offline to online due the COVID-19 pandemic. Nikhil Reddy,…
Social Plugin