consumer-perception
BusinessGerman Retail Sales Fall More Than Expected in October
BusinessHot Wheels, G.I. Joes Aplenty on Shein, Temu Amid Worry Over Fake Products
BusinessHuawei Sees Excitement for Mate 70 Phone Wane, Analysts Say
Top StoriesRussia’s Plane Shortage Holds Air Travel Back as Wartime Wages Drive Demand
Trade Tariffs Make It Harder to Keep Prices Low, Ikea Executive Says
Date: November 27, 2024
By Helen Reid LONDON (Reuters) – Tariffs planned by U.S. President-elect Donald Trump will make it harder for IKEA to keep prices low, the chief financial officer of the world’s biggest furniture retailer told Reuters on Wednesday. Trump has pledged big tariffs on imports from the United States’ three largest trading partners, Canada, Mexico and...
French Consumer Morale Hits 5-month Low as Political Crisis Looms
Date: November 27, 2024
PARIS (Reuters) -French consumer confidence fell to a five-month low in November as households fretted over the outlook for the economy and the job market in the face of a looming political crisis, a survey showed on Wednesday. Statistics agency INSEE said its consumer confidence index fell to 90 from a downwardly-revised 93 in October,...
German Consumer Sentiment Tumbles on Job Cut Fears, Survey Shows
Date: November 27, 2024
BERLIN (Reuters) -German consumer sentiment looks set to tumble in the last month of the year as households, worried by reports of job cuts, grow more pessimistic about their income prospects, a survey showed on Wednesday. The consumer sentiment index, published by GfK and the Nuremberg Institute for Market Decisions (NIM), fell significantly more than...
Pets at Home Sees Modest Annual Profit Growth as Demand Woes Persist
Date: November 27, 2024
(Reuters) -Pets at Home Group forecast a modest growth in its annual underlying profit before tax on Wednesday, as inflationary pressures and lower purchasing power dented demand for discretionary pet accessories and services. Inflation-weary pet owners have become more conservative with their spending on items such as toys for their furry companions, limiting Pets at...
UK’s Ao Expects Better Black Friday and Raises Profit Outlook
Date: November 26, 2024
By James Davey LONDON (Reuters) -British online consumer electricals retailer AO World is expecting sales from this year’s Black Friday promotional period to exceed last year’s, its finance chief said on Tuesday as the group raised its annual profit outlook. Mark Higgins said Black Friday deals in the sector were now being offered through most...
UK’s Topps Tiles Profit Nearly Halves on Weak Home Repair and Maintenance Demand
Date: November 26, 2024
(Reuters) -British tile retailer Topps Tiles posted an about 50% slump in annual profit on Tuesday, hurt by weak demand in home repair and maintenance sector, as broader economic woes continue to weigh on customer spending. The UK housing repair, maintenance and improvement (RMI) segment has been under persistent pressure, hit by fears that the...