consumer-perception
Top StoriesUK Grocery Price Inflation Hits Record 17.1%
Top StoriesBritons Are Shopping for Holidays, Says Primark
Top StoriesNetflix Cuts Prices in Some Countries to Boost Subscriptions, Shares Drop
Top StoriesBritain Facing Tomatoes Shortage After Overseas Harvests Disrupted
Analysis-To Raise Prices or Not? Consumer Goods Makers Weigh Bets on Buyer Strength
Date: February 20, 2023
By Jessica DiNapoli (Reuters) – Prices of everyday basics like Bounty paper towels and Cadbury chocolate may rise again this year while those of others like Clorox Co wipes and Diet Pepsi are likely to stay steady, as manufacturers make differing bets on the strength of the consumer and their brands. Consumer goods makers’ strategies...
Aussie Supermarkets Set to Capitalise on High Inflation, but Softer Demand Ahead
Date: February 20, 2023
By Harshita Swaminathan (Reuters) – Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-high inflation and increased savings, but analysts warned of a rough second-half as households reel from mounting expenses due to higher cost of living. Top supermarket chains Woolworths Group and Coles Group will likely see growth in their...
Gucci Banks on Private ‘salons’ for the Ultra-Rich to Revive Sales
Date: February 17, 2023
By Mimosa Spencer PARIS (Reuters) – Gucci is banking on new ultra-high-end “salons” offering merchandise priced at up to $3 million to help narrow a widening gap with rival Louis Vuitton as it waits for its new creative director to arrive. Chasing after the ultra-rich whose fortunes are largely immune to economic turbulence, Gucci will...
Aldi UK to Recruit 6,000 After Strong Christmas Trading
Date: February 16, 2023
LONDON (Reuters) – The British arm of German discounter Aldi said on Thursday it was looking to hire more than 6,000 workers, continuing its expansion plans after a robust performance over the key holiday season. New stores were planned in Norwich and Newcastle in England, it said in a statement. The company is also recruiting...
Carrefour Predicts More Profit Growth This Year Despite High Inflation
Date: February 15, 2023
By Dominique Vidalon PARIS (Reuters) -Europe’s largest food retailer Carrefour is confident on its 2023 outlook after reporting record free cash flow of 1.26 billion euros ($1.35 billion) and another rise in full-year operating profit despite high inflation. Carrefour predicted further growth this year across its main three indicators – earnings before interest, taxes, depreciation...
Coca-Cola HBC’s Annual Profit Beats, Warns of Price Increases
Date: February 14, 2023
By Radhika Anilkumar (Reuters) -Coca-Cola HBC AG on Tuesday reported better-than-expected full-year operating profit and said it will increase prices this year to tackle an increase in costs. Energy and commodity prices have increased since Russia invaded Ukraine, sending companies across the globe scrambling for ways to rein in costs, while households struggle to manage...