consumer-perception
Top StoriesGreek Inflation Jumps to 10.2% Y/y in April, Hits 28-year High
Top StoriesAirline Body Iata Sees Industry Recovery Now in 2023
Top StoriesCoty Lifts Annual Profit Forecast on Resilient Demand for Luxury Cosmetics
Top StoriesRussia Publishes List of ‘parallel Imports’ Goods
Moncler Bets on Store Expansion, Footwear to Drive Growth
Date: May 5, 2022
By Claudia Cristoferi and Silvia Aloisi MILAN (Reuters) -Italian luxury group Moncler said on Thursday it would open, refurbish or relocate 200 stores in the next three years, mostly in Asia, and diversify into shoes and clothes for warmer weather. The group, which in 2020 acquired streetwear brand Stone Island, also said it expected to...
Henkel to Cut 2,000 Jobs in Face of Rising Costs, Slow Demand
Date: May 5, 2022
BERLIN (Reuters) -Germany’s Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make 500 million euros ($530 million) in gross savings in the medium-term from the merger of its cosmetics and detergents units. The job cut and savings targets, announced on Thursday,...
Next Maintains Full-Year Guidance as Britons Carry on Shopping
Date: May 5, 2022
By James Davey LONDON (Reuters) – Clothing retailer Next kept its guidance for the full year after reporting a rise in sales in its latest quarter, providing reassurance that cash-strapped Britons are still shopping. Next, which trades from about 500 stores and online, said on Thursday its full price sales rose 21.3% in the 13...
Ab InBev Sells More Beer, Consumers Swallow Higher Prices
Date: May 5, 2022
By Philip Blenkinsop BRUSSELS (Reuters) – Anheuser-Busch InBev reported higher than expected earnings in the first quarter on Thursday, as consumers bought more of its beer and accepted higher prices, prompting it to repeat its outlook for growth this year. The world’s largest brewer said earnings before interest, tax, depreciation and amortisation (EBITDA) would rise...
Analysis-Consumer Boom Nearly Over as Central Europe Heads Into “decade of Peril”
Date: May 4, 2022
By Gergely Szakacs, Alan Charlish and Jason Hovet VELENCE, Hungary/WARSAW/PRAGUE (Reuters) – War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soon as this summer, however, leaving a painful, inflation-laced hangover. Economists are already sounding the alarm about...
UK’s Boohoo Warns of Slower Growth as Supply Issues Weigh
Date: May 4, 2022
By James Davey LONDON (Reuters) -British online fashion retailer Boohoo warned sales growth would slow this year, hit by a squeeze on consumer spending, higher product return rates and continuing supply chain and delivery problems, sending its battered shares even lower on Wednesday. Shares in the group, which sells clothing, shoes, accessories and beauty products...