consumer-perception
Top StoriesChina Bans 35 Taiwanese Food Exporters in Warning Ahead of Pelosi Visit
Top StoriesUber Eats in Focus as Inflation-Hit Consumers Rethink Ordering In
Top StoriesTide Maker P&g Misses Earnings, Forecasts Lower Growth as Consumers ‘scrimp’
Top StoriesHow the Other Half Lives: Luxury Companies Thrive
Analysis-Amazon Has a Prime Edge Over Walmart: Richer Customers
Date: July 29, 2022
By Siddharth Cavale NEW YORK (Reuters) – Amazon Inc’s strong quarterly performance on Thursday offered another sign of a split in shopping patterns between more- and less-affluent Americans dealing with the highest inflation in four decades. On Monday, rival Walmart Inc, which caters to a more cost-conscious customer, slashed its second-quarter profit forecast, blaming a...
Amazon, Apple Raise Hopes as Investors Brace for Slowdown
Date: July 29, 2022
By Eva Mathews (Reuters) – Apple and Amazon added about $175 billion to their combined market value on Friday after upbeat results boosted investor confidence on the ability of these firms to weather a slowdown in the economy. While analysts noted these companies were not completely immune to broader economic hurdles, they said the weakness...
UK Consumers Borrow More in Face of Cost-Of-Living Squeeze
Date: July 29, 2022
By David Milliken LONDON (Reuters) – British consumer lending rose last month at its fastest since May 2019 – boosted by a big rise in credit card borrowing as households face a cost-of-living squeeze – while the number of mortgage approvals fell to the lowest since June 2020. The Bank of England data add to...
Apple Faces Lukewarm Demand in China After Quarterly Revenue Drop -Analysts
Date: July 29, 2022
By Josh Horwitz SHANGHAI (Reuters) – Apple should brace for a weakening of demand in China as shoppers curb spending in an anemic economy, some analysts warned on Friday, after the iPhone maker said demand had rebounded in mid-June after COVID-19 lockdowns hampered sales. The iPhone maker on Thursday reported quarterly revenue in Greater China...
The Rise of Buy Now, Pay Later
Date: July 28, 2022
By Eric Christensen, Chief Payments Officer for Digital River How does BNPL impact consumer health and wealth building activities? As inflation worries persist, BNPL is becoming a tool for some shoppers to try to fit higher prices into already stretched budgets. It’s not sustainable as a long-term strategy for navigating higher prices, but it could...
Nestle Raises Growth Outlook, Eyes Consumer Reaction to Price Hikes
Date: July 28, 2022
By Silke Koltrowitz ZURICH (Reuters) -Nestle warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8% and trimmed its margin guidance. Cost inflation hurt the world’s biggest food group less than expected...