consumer-perception
FinanceUK Grocery Inflation Higher Again as Countdown to Christmas Begins
Top StoriesUK Grocery Inflation Edges Higher Again, Says Kantar
BusinessWalmart, Other US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
BusinessFonterra Raises Milk Price Forecast and Confirms Plans to Exit Consumer-Facing Business
Italy Retail Sales Rise 1.2% M/m in September
Date: November 9, 2024
(Reuters) – Italian retail sales rose 1.2% in September from the month before, data showed on Friday, following a 0.3% fall in August. National statistics institute ISTAT marginally revised up August’s data from an originally reported 0.5% drop. Sales rose 0.7% in unadjusted year-on-year terms in September, ISTAT said. The data are expressed in value...
UK Regulator Flags Concerns and Remedies for Sale of Baby Formula
Date: November 9, 2024
(Reuters) -Britain’s competition watchdog flagged concerns and potential solutions regarding the distribution of infant formulas on Friday, which could help improve the sector as well as reduce costs for parents. The Competition and Markets Authority’s (CMA) initial recommendations include providing parents clear and accurate information on the nutritional value of the formula and standardising its...
Luxury Shoemaker Manolo Blahnik Enters China Market After 22-year Legal Tussle
Date: November 8, 2024
By Casey Hall SHANGHAI (Reuters) – Manolo Blahnik, the high-end shoe brand with many celebrity fans and often worn in the TV hit “Sex and the City”, has opened its first store in mainland China after a 22-year battle over the legal right to use its name. In addition to the new boutique in Shanghai’s...
Food Companies Sell Products That Are Less Healthy in Poorer Countries, Says Report
Date: November 7, 2024
By Jennifer Rigby LONDON (Reuters) – The world’s biggest food and beverage companies on average sell products in low-income countries that are less healthy than what they sell in high-income countries, according to a new report. Products sold by companies including Nestle, Pepsico and Unilever were assessed as part of a global index published by...
Match Forecasts Lackluster Revenue as Tinder Turnaround Takes Longer
Date: November 7, 2024
By Jaspreet Singh (Reuters) -Match Group projected fourth-quarter revenue below Wall Street estimates on Wednesday, signaling that a turnaround of its dating apps including Tinder would take longer and sending shares of the company down more than 13% in extended trading. The company also missed third-quarter revenue estimates. Smaller rival Bumble, meanwhile, posted its first...
Bumble Posts Quarterly Sales Drop Amid Slow Payoff From App Overhaul
Date: November 7, 2024
(Reuters) -Bumble posted on Wednesday its first decline in quarterly sales since going public in 2021 and said that it would take longer for the dating app operator to boost its sluggish growth rate. Sticky inflation and high borrowing costs have hit spending by users on the women-centric dating app and its premium subscriptions, limiting...