consumer-perception
BusinessCoty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows
BusinessGerman Retailers Expect Higher Revenues This Christmas Season, Hde Forecasts
InvestingPuma CEO Sees Better Holiday Trading After Q3 Sales Miss Expectations
Top StoriesAhold Delhaize Upbeat on Q4 Outlook, Shares Boosted by US Elections
Elf Beauty Sales to Rise as Demand for Mass Market Beauty Products Grow
Date: November 6, 2024
By Ananya Mariam Rajesh (Reuters) – Elf Beauty is likely to report revenue growth of nearly 33% for the second quarter, bucking weak demand in the industry as its inexpensive cosmetics edged out competition. Expectations of strong sales from Elf are in stark contrast with legacy industry players such as Estee Lauder and L’Oreal that...
Walmart, Other US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
Date: November 6, 2024
By Richa Naidu, Aishwarya Venugopal and Siddharth Cavale (Reuters) – Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season....
Coca-Cola Europacific Partners Cuts Annual Sales Forecast on Weak Europe Demand
Date: November 5, 2024
(Reuters) – Coca-Cola Europacific Partners, a bottling unit of Coca-Cola, lowered its annual sales forecast on Tuesday in response to reduced demand for beverages in Europe, as well as weakness in Indonesia linked to the Middle East conflict. Although demand for sodas has remained resilient, customers from lower income groups are becoming more cautious and...
Hugo Boss Says It Won’t Reach 2025 Revenue, Profit Targets; Shares Slip
Date: November 5, 2024
By Linda Pasquini and Ozan Ergenay (Reuters) –Hugo Boss‘ on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn’t reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading. Hugo Boss had warned in March that it might need to delay its...
Burberry’s New CEO Faces Outlet Store and Pricing Dilemmas
Date: November 5, 2024
By Helen Reid and Mimosa Spencer LONDON/PARIS (Reuters) – Burberry’s new CEO Joshua Schulman faces an uphill task to turn around the British luxury brand whose sales have declined sharply while its share price has dropped 40% this year, stoking speculation it could be a takeover target. The luxury sector as a whole has been...
Primark Expecting a Good Christmas, Says Parent’s Boss
Date: November 5, 2024
By James Davey LONDON (Reuters) – Budget clothing retailer Primark is expecting to trade well in the run-up to Christmas, the boss of its parent said on Tuesday. “We think that Christmas is going to be good,” George Weston, CEO of Associated British Foods, told Reuters in an interview after the group reported annual results....