consumer-perception
Top StoriesBritons Switch to Own-Label and Value Ranges to Fight Inflation
Top StoriesAirlines Upbeat on Recovery but Labour Shortages May Hurt Growth
Top StoriesHigh Fares, Rising Economic Worries Could Weigh on Airline Recovery
Top StoriesBritain Plans to Regulate ‘buy Now, Pay Later’ Lenders
Danone Trims Product Range as Shoppers Balk at High Prices
Date: June 20, 2022
By Richa Naidu LONDON (Reuters) -French food giant and the world’s biggest yoghurt maker Danone is cutting the variety of products its sells, a top executive said, adapting to changing consumer shopping habits in Europe and beyond as inflation bites into household spending. Supermarkets and the makers of packaged food are struggling to combat rising...
Chinese Splash Out on Tech Goods, Camping Gear in Shopping Fest
Date: June 20, 2022
By Sophie Yu and Brenda Goh BEIJING (Reuters) – High-end home appliances and camping gear were among Chinese shoppers’ most sought after buys during the “618” shopping festival, according to e-commerce platforms, in a sign of how China’s COVID-19 curbs are driving lifestyle changes. The event was the first major shopping festival to take place...
Tesco Says Britons Buying Less and Trading Down to Navigate Inflation
Date: June 17, 2022
By James Davey LONDON (Reuters) – Britons are buying less, switching to cheaper products and shopping more often as they try to cope with soaring inflation, supermarket giant Tesco said on Friday, describing the market environment as “incredibly challenging”. Pessimism weighing on Britain’s households has hit unprecedented levels, as wages struggle to keep pace with...
Britons Increase Shopping Trips, Trade Down to Navigate Inflation – Tesco Boss
Date: June 17, 2022
LONDON (Reuters) – Britons are making more shopping trips but buying less and trading down to cheaper products to navigate soaring inflation, the boss of Tesco, Britain’s biggest supermarket group said on Friday. “We are seeing higher frequency shopping trips, so there’s an elevation in the number of shopping trips, we are seeing basket sizes...
UK Shares Slide as BoE Rate Hike Looms; Asos Tumbles on Profit Warning
Date: June 16, 2022
By Devik Jain (Reuters) – London stock indexes fell on Thursday as investors braced for the fifth interest rate hike by the Bank of England in its quest to combat inflation nearing double-digits, while a profit warning by online fashion retailer ASOS hit the retail sector. The FTSE 100 index slipped 1.4%, weighed down by...
Britain’s Fca Urges Lenders to Do More to Aid Borrowers in Cost of Living Crises
Date: June 16, 2022
LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said on Thursday it was writing to more than 3,500 lenders to demand greater support for consumers struggling with soaring costs of living, after uncovering “serious failings” at more than 30 credit providers. The watchdog, which is responsible for supervising the activities of large banks as well...