consumer-perception
Top StoriesAnalysis-As Inflation Soars, European Consumer Goods M&A Slows
Top StoriesGucci’s Sales Growth Eases in Q2 as China Lockdowns Weigh
Top StoriesCost of Living Crisis? Consumers Keep Spending for Now
Top StoriesReckitt Ups Sales Forecast on Price Hikes and Baby Formula
From Burgers to Bleach, Stressed Consumers Buy Cheap
Date: July 26, 2022
By Hilary Russ and Richa Naidu NEW YORK/LONDON (Reuters) -Some global consumers are showing signs of cracking, as shoppers stressed by record inflation stick to buying basics like food, bleach and cheap burgers, while those with bigger bank accounts are snapping up $3,000 Louis Vuitton handbags. Investors are closely watching corporate results for signs economies...
Analysis-Crisis of Confidence Stifles China’s Economic Recovery
Date: July 26, 2022
By Kevin Yao and Sophie Yu BEIJING (Reuters) – Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero. The problem, founder Lin Haiping says, is that consumers would not...
Nine Out of Ten Britons Increasingly Keeping Tabs on Spending -NielsenIQ
Date: July 26, 2022
By James Davey LONDON (Reuters) – Sales volumes at UK supermarkets fell 4.1% year-on-year in the four weeks to July 16, with nine out of ten Britons saying they are increasingly watching what they are spending as they battle a cost of living crunch, industry data showed on Tuesday. Market researcher NielsenIQ highlighted a 9.4%...
One Fifth of UK Households Had ‘negative Disposable Income’ in June, Says Asda
Date: July 25, 2022
LONDON (Reuters) – One fifth of British households had “negative disposable income” last month, with a shortfall between what they earned and what they needed to spend on essentials, UK supermarket group Asda said on Monday. Confidence levels among Britain’s consumers are at record lows as they struggle with the accelerating cost of living. Wages...
Stocks Edge up to Hit Six Week High, Dollar Weaker After U.S. Data
Date: July 22, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks edged higher on Friday, poised for a sixth straight day of gains, while the dollar dipped against a basket of major currencies following soft data on U.S. business activity. On Wall Street, the S&P 500 showed modest losses as names such as Meta...
Europe’s High-Spending Tourists Set to Lift French Luxury Sales in Q2
Date: July 22, 2022
By Mimosa Spencer PARIS (Reuters) – Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucci-owner Kering and Hermes, helping to offset the impact of disruptions in China from COVID-19 restrictions. High-end French and Italian fashion houses have been riding a wave of strong, post-pandemic demand for...