consumer-perception
Top StoriesUK Retailers Report Record Food Inflation but See Falls Ahead
Top StoriesUnilever Sales Beat Estimates Even as Price Rises Slow
Top StoriesCompanies’ Cost Inflation Is Slowing but Shoppers May Wait for Lower Prices
Top StoriesStartup E-Commerce Platform Temu Expands to Europe
Beiersdorf Benefits From Bump in Nivea Sales
Date: April 26, 2023
Beiersdorf benefits from bump in Nivea sales (Reuters) -Beiersdorf’s Nivea brand recorded 18% sales growth in the first quarter of 2023 thanks to price hikes, the German firm said on Wednesday, confirming higher sales across its business year-on-year. Its Tesa segment eked out organic of 0.9% in the quarter. Sales to the automotive industry rose...
Puma Expects Q2 Sales Growth Below Full-Year Target
Date: April 26, 2023
Puma expects Q2 sales growth below full-year target (Reuters) – German sportswear maker Puma on Wednesday said it expected second-quarter sales to grow at a low- to mid-single-digit percentage rate, below its full-year target, due to high inventory levels and ongoing challenges in the market. The company said it expected its profit and margins to...
KitKat Sweetens Nestle Sales With Easter, Valentine’s Day Comeback
Date: April 25, 2023
KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback By Richa Naidu LONDON (Reuters) – In a quarter that saw Nestle’s overall sales volumes dip, the KitKat maker’s candy business was a sweet spot as consumers celebrated Valentine’s Day and an early Easter with largely reduced concerns over the spread of COVID-19. Confectionary sales volumes...
Tiffany, Now Owned by Lvmh, Reopens on a Fifth Avenue in Flux
Date: April 25, 2023
Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux By Katherine Masters and Mimosa Spencer NEW YORK (Reuters) – The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York...
Factbox-Europe’s Ongoing Strike-Related Travel Disruptions
Date: April 24, 2023
Factbox-Europe’s ongoing strike-related travel disruptions (Reuters) – Strikes in Europe could disrupt travel into the summer, as passengers numbers globally recover to pre-pandemic levels. Since last year, strikes and staff shortages have forced European airlines to cancel thousands of flights to avoid long queues at major airports. Claim management firm AirHelp says flight cancellations and...
Investors Warn Big Consumer Firms Over Price Hikes as Competitors Gain
Date: April 20, 2023
Investors warn big consumer firms over price hikes as competitors gain By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumer goods companies like P&G, Unilever and Nestle should start easing price increases as supply chain costs decline, investors told Reuters, worried that further hikes could hit market share and margin growth. The makers...