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Inflation Steers Budget Shoppers Away From Walmart. Bringing Them Back May Not Be Easy
Date: August 12, 2022
By Arriana McLymore and Siddharth Cavale (Reuters) – Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart Supercenter when gasoline was $5 a gallon. While gasoline prices have dropped nearly 20% over the past month, there are...
Walmart’s Long-Lasting Challenge: Luring Budget Shoppers Back to Its Stores
Date: August 11, 2022
By Arriana McLymore and Siddharth Cavale (Reuters) – Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart Supercenter when gasoline was $5 a gallon. While gasoline prices have dropped nearly 20% over the past month, there are...
Supermarket Group Ahold Lifted by Better Than Expected Results
Date: August 10, 2022
By Anthony Deutsch AMSTERDAM (Reuters) – Supermarket group Ahold Delhaize increased its full-year guidance after posting better than expected quarterly results on Wednesday, sending its shares up 7%. The company, which operates the Stop & Shop, Giant, Food Lion and Hannaford chains on the U.S. east coast, also announced the postponement of a planned initial...
European Shares Dip as U.S. Inflation Data Looms; Ahold Jumps
Date: August 10, 2022
By Shreyashi Sanyal (Reuters) -European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States, while gains in supermarket major Ahold Delhaize kept declines in check. The pan-European STOXX 600 index dipped 0.1%, tracking a second straight session of losses after a strong start to the...
Ralph Lauren, Capri Ride Wave of Inflation-Resistant Luxury Demand
Date: August 9, 2022
By Uday Sampath Kumar and Ananya Mariam Rajesh (Reuters) -Ralph Lauren Corp and Michael Kors-owner Capri Holdings blew past earnings estimates, underscoring an unwavering demand for luxury apparel and handbags from wealthy consumers who remain largely unscathed by red-hot inflation. Surging prices have had little impact on middle- and high-income households who have been happily...
Factbox-How Is Britain’s Cost-Of-Living Crisis Affecting Consumer Behaviour?
Date: August 9, 2022
LONDON (Reuters) – As a cost-of-living squeeze on household incomes looks set to worsen in the United Kingdom, here are how consumers are adapting to the rising prices of everything from food to energy: **FOOD: Nine out of 10 Britons say they are increasingly watching what they are spending as sales volumes at supermarkets fell...