US consumer spending unexpectedly fell in January, but a pick up in inflation could provide cover for the Federal Reserve to delay cutting interest rates …
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Consumer
Tapping Consumer Trends and Cultural Opportunities in Dubai
Download the full report: Inside the Fashion Opportunity in Dubai. Opens in new window The fashion and luxury brands operating in or entering the Dubai …
Shein to Face EU Consumer Law Probe Under E-Commerce Crackdown
The Chinese-founded massive online marketplace Shein faces potential fines with the European Union imminently set to open a probe into its compliance with consumer laws …
US Inflation Rise in December; Consumer Spending Accelerates
US prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The …
EU Plans Ban on ‘Forever Chemicals’ in Consumer Products
The European Commission intends to propose a ban on the use of PFAS, or “forever chemicals”, in consumer products, with exemptions for essential industrial uses, …
Unsustainable Fashion Is Pricing Out the Conscious Consumer
Over the last year, two seemingly contradictory trends have come into focus. On the one hand, consumer survey after consumer survey indicates that shoppers’ concern …
Actress Olivia Wilde Launches Consumer Investment Firm
Actor, director and producer Olivia Wilde has quietly co-founded an investment firm known as Proximity Ventures, according to people with knowledge of the matter. Wilde …
MercadoLibre Posts Record Argentina Sales Amid Consumer Rebound
MercadoLibre Inc., the Latin American e-commerce and fintech platform that’s now the region’s most valuable company, said it’s seeing signs of a consumption rebound in …
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
Ulta Beauty Inc. trimmed its sales forecast as more US consumers cut back on makeup and cosmetics in the face of higher prices and elevated …
Summer Fridays Announces Growth Investment From TSG Consumer Partners
Summer Fridays announced on Thursday a strategic growth investment from private equity firm TSG Consumer Partners. Previous investor Prelude Growth Partners will exit the business, …
Unilever India’s Profit Disappoints on Sluggish Consumer Demand
Hindustan Unilever Ltd. posted an underwhelming quarterly profit weighed down by muted consumer demand during India’s scorching summer season and rising inflation. The Indian unit …
Temu Targeted in EU Consumer Group’s Complaint to EU Tech Regulator
Chinese fast-fashion e-commerce retailer Temu was hit with a European Union complaint on Thursday, with pan-European consumers group BEUC saying the PDD Group-owned unit might …
How Gen X Became Beauty’s Next Big Consumer
Mature consumers have long been ignored by the beauty industry. Now a small but growing number of emerging brands are responding to the needs of …
Meeting Consumer Expectations Through Augmented Reality, In-Store and Online
Globally, just 9 percent of consumers said they are content with the in-store shopping experience, while only 14 percent are content with their experience online, …
P&G Lifts Annual Profit Forecast on Strong Us Consumer Demand, Easing Costs
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its …
US Monthly Inflation Slows; Consumer Spending Surges
US prices increased less than expected in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut …
Canada Goose Cuts 17% of Roles as Consumer Pullback Persists
Canada Goose Holdings Inc. is cutting 17 percent of its global corporate workforce as it attempts to support long-term growth amid a slowdown in sales. …
At Eton Shirts, Innovating Formal Wear to Meet Evolving Consumer Demand
In Europe and the US, Euromonitor forecasts that retail sales of shirts and blouses, non-denim trousers and skirts will grow at a faster rate between …
Incorporating AI Into Portable Devices and What It Means for the End Consumer
During Barcelona’s Mobile World Congress (MWC) 2024 — one of the largest and most influential events for the “connectivity ecosystem” — George Zhao, the CEO …
China’s Consumer Slump Claims Another Victim as Shiseido Profit Slides
Shiseido became the latest victim on Friday of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese …