consumer-perception
InvestingEuropean Retail Shares Slide to Lowest Since Outbreak of Covid Crisis in 2020
Top StoriesH&m Closes Shanghai Flagship Store, Hurt by Lockdowns and Consumer Backlash
Top StoriesItalian Business Confidence Climbs in June, Consumer Morale Tumbles
Top StoriesBritons, Shaken by Cost-Of-Living Squeeze, Cut Back on Shopping
Britain Must Do More to Help Poor With Cost of Living Crisis, Asda Chairman Says
Date: June 22, 2022
LONDON (Reuters) -The British government needs to do more to help those on lower incomes cope with the cost of living crisis and should cut VAT sales tax, the chairman of supermarket group Asda told the BBC on Wednesday. Soaring food prices pushed British consumer price inflation to a new 40-year high last month of...
How Consumers Are Taking Control of Their Finances Through New Payment Options
Date: June 21, 2022
By Günther Vogelpoel, CEO of Recharge.com explains The cost of living is looming over consumers as inflation rises to its highest level in 30 years, outpacing wage and benefit increases and further exacerbated by tax rises. Such economic uncertainty is shifting how consumers manage their budgets, with retail spending in Europe decreasing at a sharper...
Luxury Sales to Grow at Least 5% This Year – Bain
Date: June 21, 2022
By Mimosa Spencer PARIS (Reuters) -Sales of luxury goods are set to rise at least 5% this year as shoppers in the United States and Europe continue to snap up high-end watches, jewelry and shoes despite the conflict in Ukraine and soaring inflation, consultancy Bain said Tuesday. “Consumption doesn’t seem to be affected so far,”...
Global Luxury Outlook Still Strong, Sales to Grow at Least 5% This Year -Consultancy
Date: June 21, 2022
By Mimosa Spencer PARIS (Reuters) – Sales of luxury goods are set to rise at least 5% this year as shoppers in the United States and Europe continue to snap up high-end watches, jewelry and shoes despite political uncertainty linked to conflict in Ukraine and soaring inflation, consultancy Bain said Tuesday. “Consumption doesn’t seem to...
UK Manufacturers’ Price Expectations Fall to 9-month Low – Cbi
Date: June 21, 2022
LONDON (Reuters) -British manufacturers’ expectations for higher prices fell to a nine-month low in June, in a rare sign of softening price pressures at a time when consumer price inflation is soon expected to reach double digits. The Confederation of British Industry’s monthly industrial price balance – which show firms’ expectations for selling prices over...
Spain-Based Cabin Crew at easyJet Plan July Strike
Date: June 21, 2022
By Corina Pons MADRID (Reuters) -Spain-based cabin crew at easyJet plan to go on strike for nine days in July to demand higher pay from the budget airline, local union USO said on Tuesday, potentially adding to travel woes as the sector struggles to cope with rebounding demand. Workers will walk out on July 1-3,...