consumer-perception
Top StoriesUnilever Downbeat on Europe, China Consumer Sentiment
BusinessSainsbury’s Tipped to Trim Profit Forecast as UK Shoppers Struggle
BusinessReckitt Flags Pressure on Consumers as Volumes Decline
InvestingCoca-Cola Lifts Forecasts as Demand Keeps Pace With Pricier Sodas
Apple Is Cutting Back Production of iPhone 14 Plus Due to Weak Demand – TrendForce
Date: October 25, 2022
(Reuters) -Apple Inc is cutting back production of iPhone 14 Plus and is increasing the output of the more expensive iPhone 14 Pro due to lukewarm demand for the mid-range model, market research firm TrendForce said Tuesday. The share of more expensive iPhone 14 Pro series has increased to 60% of the total output from...
Half of Britons to Spend Less This Christmas – Kantar
Date: October 24, 2022
LONDON (Reuters) – Half of Britons plan to spend less on Christmas this year as a cost of living crisis, amid surging food and energy costs, curtails their purchasing power, market researcher Kantar said on Monday. It said one in three shoppers who expects to spend less plans to cut gift budgets for close friends...
Amazon Faces $1 Billion Lawsuit in UK for ‘favouring Its Own Products’
Date: October 21, 2022
LONDON (Reuters) – Amazon.com Inc is facing a lawsuit in Britain for damages of up to 900 million pounds ($1 billion) over allegations the online marketplace abused its dominant position by favouring its own products, lawyers said. Consumer rights advocate Julie Hunter plans to bring the collective action on behalf of British consumers who have...
Global Coffee Market Favoring Higher Quality, Not Higher Volumes
Date: October 19, 2022
By Marcelo Teixeira NEW YORK (Reuters) – The global coffee market is going through a transformation trend that will involve higher quality and pricier coffees, but not higher overall traded volumes, as people increasingly use single doses and cut out old-style, large dripping jars. The COVID-19 pandemic boosted that movement, according to an industry expert,...
Digital Ad Market Shows ‘signs of Life’ but Economy Clouds 2023 Outlook
Date: October 19, 2022
By Sheila Dang and Katie Paul (Reuters) – When Snap Inc kicks off the third-quarter earnings season for tech and social media companies on Thursday, investors are expecting modest revenue growth across most of the sector as results will be compared with a difficult 2021 when Apple Inc privacy changes began to upend the advertising...
Nestle Sales Soar as Price Rises Drive Growth
Date: October 19, 2022
By John Revill and Richa Naidu ZURICH/LONDON (Reuters) -Nestle posted its strongest nine-month sales growth in 14 years on Wednesday and raised its full-year guidance as the world’s largest packaged food company lifted prices without losing many customers. The maker of KitKat chocolate bars and Nescafe reported organic sales, which cut out the impact of...