consumer-perception
BusinessZalando Sales and Profit Margin Rise on Stronger Demand
TradingUK Consumer Spending Slowed Before Last Week’s Budget, Retailers Say
BusinessRyanair H1 Profit Falls 18% on Lower Fares, but Price Weakness Moderating
BusinessBritain’s Sainsbury’s Extends Aldi Price Match Scheme to Convenience Stores
Norwegian Cruise Lifts Profit Forecast Again After Record Ticket Sales
Date: October 31, 2024
(Reuters) – Norwegian Cruise Line Holdings on Thursday raised its annual profit forecast for a fourth time this year, encouraged by record third-quarter revenue and advance ticket sales. Cruise operators marked robust demand this quarter for their vacation experiences as consumer spending in the U.S. increased at its fastest pace in 1-1/2 years and inflation...
Estee Lauder Names Insider De La Faverie as New CEO to Kickstart Turnaround
Date: October 31, 2024
(Reuters) – Estee Lauder named insider Stephane de La Faverie its new CEO on Wednesday, as the company looks to revamp its business amid falling demand for cosmetics and premium fragrances with consumers getting picky with their spending. De La Faverie, currently the cosmetic giant’s executive group president, oversees high-end fragrance brands such as Jo...
Digital Ad Sellers Jump as Google, Reddit and Snap Earnings Indicate Sturdy Demand
Date: October 30, 2024
By Harshita Mary Varghese and Aditya Soni (Reuters) -Shares of online ad sellers surged on Wednesday as strong earnings from Google-parent Alphabet, Reddit and Snap signaled solid spending from brands ahead of the crucial holiday shopping season. The three companies were set to add more than $110 billion combined to their market capitalizations, if current...
Prada’s Third Quarter Revenues up 17.7%, Miu Miu Sales Double
Date: October 30, 2024
MILAN (Reuters) – Third-quarter net revenues for Prada rose 17.7% at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and by the doubling of sales at the smaller Miu Miu brand, the Italian luxury group said on Wednesday. The main brand Prada reported a 1.7% increase in retail sales in...
Top Chinese Airlines’ Profits Fall as Flagging Economy Pressures Fares
Date: October 30, 2024
By Lisa Barrington and Sophie Yu SEOUL/BEIJING (Reuters) – China’s top three state-owned airlines reported profit declines in the third quarter despite record summer passenger numbers and fuller planes than last year, as a slowdown in domestic economic growth pushes flyers to seek cheaper fares. Beijing-headquartered Air China on Wednesday reported a net profit of...
Estee Lauder Names Insider De La Faverie as New CEO to Kickstart Turnaround
Date: October 30, 2024
(Reuters) -Estee Lauder named insider Stephane de La Faverie its new CEO on Wednesday, as the company looks to revamp its business amid falling demand for cosmetics and premium fragrances with consumers getting picky with their spending. De La Faverie, currently the cosmetic giant’s executive group president, oversees high-end fragrance brands such as Jo Malone...