consumer-perception
Top StoriesGSK-spinoff Haleon Forecasts 2023 Organic Revenue Growth at Top-End of View
Top StoriesHeineken Sees Europe Resilience Offseting Asia Slowdown Risk
BusinessAnalysis-LVMH’s Caution Points to Americans’ Waning Lust for Luxury
Top StoriesAnalysis-Easter Travel Warnings Pile Pressure on European Airlines
US Fines British Airways $135,000 Over Tarmac Delay in 2017
Date: April 6, 2023
By David Shepardson NEW YORK (Reuters) – The U.S. Transportation Department (USDOT) Wednesday imposed a $135,000 penalty on British Airways over a 2017 tarmac delay in which it failed to ensure the timely deplaning of passengers. As part of a settlement, the airline, which is owned by IAG, agreed to cease and desist from future...
Polish E-Commerce Firm Allegro Eyes Higher Q1 Profit
Date: March 30, 2023
By Anna Pruchnicka (Reuters) -Poland’s biggest e-commerce platform Allegro said on Thursday it expects core earnings to rise in the first quarter, as it focuses on cost control amid continuing economic uncertainty. Allegro is looking to keep costs down as it integrates the Mall Group business it bought last year and adapts to consumers spending...
Britain’s Next Sees Lower Clothing Inflation, Shares Dip on Cautious Outlook
Date: March 29, 2023
By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday and said it would not need to increase prices by as much as previously thought. However, it still expects higher spending on wages, energy and technology to reduce its profit this year, and the retailer’s shares...
UK Retailers Turn Positive on Sales Hopes After Bleak Winter
Date: March 27, 2023
LONDON (Reuters) – British retailers reported their first positive sales expectations in seven months, according to a survey published by the Confederation of British Industry on Monday, adding to other recent signs of recovery in the economy. The CBI’s (CBI) expected sales balance for April increased to +9 from -18 in March. Apart from September’s...
Hungary’s Booming Wedding Market Doused by Soaring Inflation
Date: March 27, 2023
By Gergely Szakacs and Krisztina Fenyo BUDAPEST (Reuters) – Soaring inflation is taking the steam out of Hungary’s wedding market, supercharged in recent years by Prime Minister Viktor Orban’s lavish family support measures, with the number of weddings plunging to a nine-year-low at the start of 2023. Nationalist Orban, in power since 2010, has launched...
Amazon, Other Retailers Revamp ‘free’ Shipping as Costs Soar
Date: March 24, 2023
By Lisa Baertlein LOS ANGELES (Reuters) – There is no such thing as free shipping. Even so, Amazon.com Inc and other online retailers who use so-called free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts. They are adding fees for faster service, raising minimum...