By AFP Published October 10, 2024 British consumer goods giant Unilever on Thursday completed the sale of Unilever Russia, finally joining other multinationals in exiting the country following its invasion of Ukraine in February 2022. Dove is one of dozens of consumer brands owned by Unilever – Dove Unilever said in a statement that it [...]read moreConsumer goods giant Unilever finally exits Russia
Translated by Nicola Mira Published September 26, 2024 How will consumers go about their shopping in 2025? This is the far-reaching question that trend-monitoring firm WGSN addressed in a presentation at the Maison & Objet trade show, held on September 5-9 at the Villepinte exhibition centre in Paris. The goal of WGSN’s study was to [...]read morehow will consumer behaviour change in the coming years?
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By Reuters Published Aug 27, 2024 China’s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company’s shares down more than 25% in early trade. Reuters A fragile economy, persistent weakness in the property sector and high unemployment rates, have led [...]read moreChina’s PDD shares slide after weak consumer spending dents revenue
By Reuters Published Aug 23, 2024 British consumer confidence held at an almost three-year high in August, bolstered by improving sentiment around personal finances and major purchases, according to a survey on Friday that added to positive signals in the wider economy. Reuters The GfK Consumer Confidence Index, Britain’s longest-running gauge of economic morale among [...]read moreUK consumer confidence matches almost 3-year high in August
By Bloomberg Published Aug 9, 2024 China’s consumer prices rose more than expected, offering hope of a recovery in domestic demand that has weighed on growth this year. Photo: Pixabay The consumer price index increased 0.5% from a year earlier, the National Bureau of Statistics said Friday. That’s the biggest gain since February. It compares [...]read moreChina’s consumer prices rise faster than expected in July
By Reuters Published Aug 6, 2024 British shoppers kept a tight grip on their purse strings last month as rainy weather again dampened their appetite for spending, according to two surveys published on Tuesday. Photo: Pexels Barclays said spending on its credit and debit cards fell by 0.3% in annual terms in July, the second [...]read moreUK weather rains on consumer spending in July
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By Bloomberg Published Jul 27, 2024 Billionaire Kumar Mangalam Birla expects the consumer business of his $65 billion metals-to-fashion conglomerate growing to $25 billion in the next five years as he starts selling gold jewelry in the world’s second-biggest bullion market. Bloomberg “Around 20% of our Group’s revenue today comes from consumer businesses,” Birla, chairman [...]read moreBillionaire Birla sees his consumer business growing to $25 billion in next 5 years
UK consumer confidence continued to rise in Q2, up 1.5% quarter-on-quarter, and marking seven consecutive months of improving sentiment. Not only that, it’s now above the long-term average for the first time since Q3 2021, according to the latest in a line of positive readings from the new Deloitte Consumer Tracker. Photo: Pexels Even better [...]read moreConsumer confidence up again, more disposable income available says Deloitte’s latest consumer tracker