consumer-perception
Top StoriesIkea Stores Owner Ingka Says Campaigns Help Boost Store Visits and Sales
FinanceLove in a Time of Inflation: How Much Will Valentine’s Day Set You Back?
Top StoriesFrance Leans on Retailers to Help Consumers Cope With Food Prices
FinanceItaly Inflation-Adjusted Retail Sales Fell in 2022
Michael Kors Owner Capri Cuts Forecasts as Demand Slows, Shares Plunge 20%
Date: February 8, 2023
(Reuters) -Michael Kors owner Capri Holdings Ltd cut its annual profit forecast on Wednesday, hurt by a slowdown in demand for its luxury handbags and apparel in department stores, sending its shares tumbling 20% before the bell. High-end fashion companies weathered decades-high inflation better than other industries for most of last year as affluent shoppers...
Swiss to Vote on Preventing Cashless Society, Pressure Group Says
Date: February 6, 2023
(Reuters) – Swiss citizens will get the chance to try to ensure their economy never becomes cashless, a pressure group said, after collecting enough signatures by Monday to trigger a popular vote on the issue. The FBS (Free Switzerland Movement) says cash is playing a shrinking role in many economies, as electronic payments become the...
Kering Recruits Estee Lauder Exec for Push Into Cosmetics
Date: February 3, 2023
PARIS (Reuters) – French luxury goods group Kering said Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segement. “We are building this new area of expertise within our Group to ensure that our brands can fulfill...
UK Shop Price Inflation Hits Record 8% in January: Brc
Date: February 1, 2023
By David Milliken LONDON (Reuters) – Prices in British shops in January were 8.0% higher than a year before, the biggest annual increase since at least 2006 when comparable records started, figures from the British Retail Consortium (BRC) showed on Wednesday. Inflation hit a record high in all the main categories monitored by the BRC,...
Mobile Phone, Pc Shipments to Fall Again in 2023, Gartner Says
Date: January 31, 2023
By Supantha Mukherjee STOCKHOLM (Reuters) – Shipments of personal computers and mobile phones are expected to fall for the second straight year in 2023, with phone shipments slumping to a decade low, IT research firm Gartner said on Tuesday. Mobile phone shipments are projected to fall 4% to 1.34 billion units in 2023, down from...
Swatch Positive on Recovery in Luxury Demand From China
Date: January 24, 2023
By John Revill ZURICH (Reuters) – Swatch Group shares hit their highest level in nearly two-and-a-half years on Tuesday after the world’s biggest watchmaker said it expected a recovery in luxury demand from China. The maker of high-end Omega, Tissot and Longines timepieces as well as its eponymous mass-market plastic watches said sales in China...