consumer-perception
InvestingSales at Moncler Slip 3% in Third Quarter as Demand Weakens Globally
TradingSpain’s Puig Posts 11% Rise in Q3 Sales, Beats Expectations
BusinessAdidas Sees Strong Sales in China as It Opens More Stores
BusinessAdidas Reports Strongest China Sales Since Early 2022
UK Shoppers Cut Back on Spending Ahead of Budget, Cbi Says
Date: October 29, 2024
LONDON (Reuters) – British retailers reported a fall in sales for October as consumers held off on spending ahead of this week’s budget announcement by finance minister Rachel Reeves, the Confederation of British Industry said on Monday. The CBI’s monthly retail sales survey – conducted between Sept. 26 and Oct. 15 – showed the...
UK to Cap Bus Fares in England at Three Pounds in 2025, Say PM Starmer
Date: October 29, 2024
LONDON (Reuters) – Britain’s new government will cap bus fares in England at three pounds ($3.89) in 2025, an increase from an existing scheme which expires at the end of the year and caps the fare at two pounds, British Prime Minister Keir Starmer said on Monday. ($1 = 0.7705 pounds) (Reporting by...
Analysis-Musk’s Bold 2025 Prediction on Tesla Sales Faces Skepticism, Scrutiny
Date: October 28, 2024
By Abhirup Roy Tesla CEO Elon Musk stunned investors and analysts with plans to grow vehicle sales by 30% next year, buoyed by a new, cheaper model and enthusiasm for self-driving software, but delivering on that promise would surprise much of Wall Street. Musk’s 2025 forecast and improving profit margins sparked the biggest jump in...
Colgate-Palmolive Lifts Lower End of 2024 Results Forecast on Steady Demand
Date: October 25, 2024
(Reuters) – Toothpaste maker Colgate-Palmolive raised the lower end of its annual sales and profit forecasts on Friday, after beating third-quarter estimates on resilient demand for its high-priced products. WHY IS IT IMPORTANT? Consumers have been prioritizing spending on daily essentials over discretionary items amid rising cost of living, fueling sales for consumer packaged goods...
European Shares End Flat as Economic Woes Overshadow Upbeat Earnings
Date: October 25, 2024
By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares gave up early gains to close little changed on Thursday as investors assessed signs of stalling business activity and a raft of earnings from the likes of online gaming group Evolution, carmaker Renault and consumer major Unilever. The pan-European STOXX 600 index...
Harry Potter Publisher Bloomsbury Tracks Ahead of FY24-25 Expectations on Fantasy-Fiction Demand
Date: October 25, 2024
(Reuters) -UK’s Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectations, after posting a 32% jump in first-half revenue, driven by another round of blockbuster performance of Sarah J Maas’s fantasy fiction titles. The publisher, best known for picking up J.K. Rowling’s Harry Potter series in 1997,...