consumer-perception
Top Stories‘Long and Tedious Journey’: Companies Sour on China Outlook
Top StoriesJeweller Pandora Sees ‘healthy’ Sales so Far This Year
Top StoriesConsumer Goods Giants Could See Margin Recovery Halt as Price Hike Benefits Abate
FinanceCanadians Grapple With the Financial Impact of Inflation
Tesco Raises Profit Outlook Again After Strong Christmas Sales
Date: January 11, 2024
Tesco raises profit outlook again after strong Christmas sales By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period, buoyed by demand for fresh food. Shares in the supermarket...
M&s Claims Christmas Crown as Food and Clothing Sales Beat Forecasts
Date: January 11, 2024
M&S claims Christmas crown as food and clothing sales beat forecasts By Paul Sandle LONDON (Reuters) -British retailer Marks & Spencer on Thursday reported a better-than-expected 8.1% rise in sales over the Christmas trading period, driven by market-leading growth in food and a strong performance in womenswear. The company said the strong performance – its...
Danone Must Face Evian Water ‘carbon Neutral’ Lawsuit
Date: January 10, 2024
Danone must face Evian water ‘carbon neutral’ lawsuit By Jonathan Stempel (Reuters) – A judge in New York ruled on Wednesday that Danone must face a lawsuit challenging its “carbon neutral” claim on bottles of Evian spring water. Consumers in the proposed class action said they would not have bought Evian had they known that...
Sainsbury’s Bumper Christmas for Food Offset by Weakness Elsewhere
Date: January 10, 2024
Sainsbury’s bumper Christmas for food offset by weakness elsewhere By James Davey LONDON (Reuters) -Strong demand for luxury foods like dry cured gammon, steamed buns and chocolate desserts helped Sainsbury’s outperform the UK grocery market at Christmas and stick with its annual profit forecast. However, shares in Britain’s second-biggest supermarket group sank 5% on Wednesday,...
Hungary Takes Aim at ‘shrinkflation’ With Mandatory Price Warnings
Date: January 8, 2024
Hungary takes aim at ‘shrinkflation’ with mandatory price warnings BUDAPEST (Reuters) – Hungary’s government will require large food retailers from March to display price warnings on products that have shrunk in size, the Economy Ministry said on Monday. Hungary’s inflation rate peaked at 25% in the first quarter of last year, the highest in the...
German Travel Industry Expects Higher Revenues, Fewer Travellers in 2024
Date: January 4, 2024
German travel industry expects higher revenues, fewer travellers in 2024 (Reuters) – Sustained demand will boost revenues for the German travel industry this year, but the number of travellers is likely to be lower than in 2023 as people respond to inflation, German travel body DRV said on Thursday. Revenues for holiday and private travel...