consumer-perception
Top StoriesPepsiCo Raises Revenue Forecast on Boost From Price Increases
Top StoriesPrimark to Raise Prices as Cost Pressures Mount
Top StoriesAsda, Morrisons Cut Prices of Key Items Amid British Spending Squeeze
Top StoriesBeijing Shoppers Clear Store Shelves as District Starts Mass Testing
Factbox – From Spreads to Shampoo, Palm Oil Is Part of Everyday Life
Date: April 22, 2022
(Reuters) – Indonesia’s plan to ban palm oil exports will deal a blow to the world’s top food and consumer products companies including Unilever, Procter & Gamble and Nestle. Indonesia counts for more than half of the global supply of the edible oil, which is used in everything from cakes, chocolate, margarine and frying fats...
China Slowdown Concerns Dim Ray-Ban Maker EssilorLuxottica’s First Quarter
Date: April 22, 2022
By Juliette Portala (Reuters) -EssilorLuxottica’s shares slipped on Friday as a downturn in its China business overshadowed the French-Italian eyewear company’s overall better-than-expected first-quarter sales. The group, which makes sunglasses and spectacle frames for Prada and Versace, reported “deteriorating” sales in mainland China as coronavirus cases surged, saying about three quarters of its locations were...
Big Companies Manage to Pass on Soaring Costs to Cash-Strapped Consumers
Date: April 21, 2022
By John Revill ZURICH (Reuters) -Makers of chocolate bars and coffee to lawn mowers and industrial robots succeeded in passing on soaring costs to consumers, first-quarter earnings showed on Thursday, allaying fears higher prices could dent demand for their products. Some of Europe’s biggest companies reported first quarter sales increases, with KitKat maker Nestle, Evian...
AutoNation Gets a Bumpy Ride as Investors Worry About U.S. Consumers
Date: April 21, 2022
By Joseph White (Reuters) -AutoNation Inc and other brick-and-mortar auto dealerships in the United States turned shortages of new and used vehicles to profitable advantage in the first quarter, but the No. 1 U.S. auto retailer’s shares were volatile Thursday as analysts questioned the outlook for consumer demand. During a conference call Thursday, analysts pressed...
Carrefour Shares Fall as Retailer’s French Q1 Sales Disappoint
Date: April 21, 2022
PARIS (Reuters) -Shares in Carrefour fell nearly 4% on Thursday after Europe’s largest food retailer reported first-quarter sales that showed a lacklustre performance in its core French market, overshadowing more robust growth in Brazil. The French retailer said on Wednesday it was confident about its 2022 outlook, confirming a key cash flow target for the...
Greece to Raise Minimum Wage From May 1 to Boost Low Incomes- PM
Date: April 20, 2022
ATHENS (Reuters) – Greece will raise the minimum wage from May 1 for a second time this year, Prime Minister Kyriakos Mitsotakis said on Wednesday as rising inflation takes a toll on household incomes. “The global surge in inflation is hitting low incomes. From May 1 the basic wage will rise by 50 euros a...