consumer-perception
Top StoriesLindt Wins Chocolate Bunny Battle in Swiss Court
Top StoriesH&m to Cut Costs as Profits Hit by Inflation, Cautious Shoppers
Top StoriesPolish E-Commerce Leader Allegro Trims Forecast Over Inflation Fears
Top StoriesMorrisons’ Quarterly Earnings Halved Amid UK Consumer Crunch
Apple Falls on Fears of Slowing iPhone 14 Demand
Date: September 28, 2022
By Medha Singh and Nivedita Balu (Reuters) -Apple Inc shares fell more than 4% on Wednesday after a report that the tech giant was ditching its plans to boost production of the latest iPhone fueled demand worries. Bloomberg earlier reported that Apple had told its suppliers to curtail efforts to increase the assembly of its...
US Household Debt Is Rising — Here’s Why
Date: September 28, 2022
Although the Federal Reserve has aggressively increased interest rates since early 2022, US household debt is rising. One might expect debt to fall as interest rates rise and borrowing becomes less desirable. However, household debt for Q2 stood at more than $16.15 trillion — an increase of around $2 trillion since the start of the...
Lego Posts Strong Growth on Robust Demand, New Store Openings
Date: September 28, 2022
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Lego on Wednesday posted double-digit sales growth in the first half of the year, driven by new store openings and robust demand for its colourful plastic bricks despite rising costs and inflation hitting consumers. The family-owned company said it had outpaced the toy industry in all major markets during...
Inflation Weighs on Consumer Morale in Euro Zone’s Big Three Economies
Date: September 28, 2022
BERLIN (Reuters) -Consumer morale was down across the euro zone’s three largest economies as high inflation shows no sign of relenting heading into winter, according to surveys on Wednesday. German consumer morale is projected to hit a new record low for the fourth consecutive month heading into October, according to the GfK institute, which said...
Apple Drops Plan to Boost iPhone Production as Demand falters-Bloomberg
Date: September 28, 2022
(Reuters) -Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family by as many...
Pound Plunge Means Even Higher Prices for UK Consumers – McKinsey
Date: September 27, 2022
LONDON (Reuters) – British consumers are likely to face a further hike in prices of clothing and homewares following the pound’s plunge against the dollar, consultants McKinsey said on Tuesday. The majority of UK retail’s clothing and homewares are bought from Asia in dollars. The pound touched an all-time low of $1.0327 on Monday, sharply...