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May 2023

18 May

Consumers Battling Cost of Living Crisis Are Selecting Affordability

Consumers Battling Cost of Living Crisis Are Selecting Affordability
Affordability is the leading concern for 35 percent of worldwide consumers today, in response to latest survey data from EY, increasing by 10 percent since October 2022. EY’s Future Consumer Index surveyed greater than 21,000 consumers across 27 countries to know consumer sentiment and behaviors with 94 percent reporting that rising living costs are a priority. The priority is presented in shifts in purchasing habits and lots of say they're losing trust in retail and consumer product corporations. A majority of consumers, 92 percent, said they're concerned with their country’s economy and 39 percent said they expect their country’s economy to worsen over the following six months. As they shop, 79 percent of respondents said they feel food prices have increased during...
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18 May

Bath & Body Works Surpasses Wall Street Forecast in

Bath & Body Works Surpasses Wall Street Forecast in
Bath & Body Works beat Wall Street forecast on each the highest and bottom lines on Thursday. The corporate reported net sales of nearly $1.4 billion for the primary quarter ended April 29, a decrease of 4 percent in comparison with the identical period a 12 months earlier, but above analysts’ expectations. Net income was $81 million, down from $155 million, the corporate said. Adjusted earnings per diluted share got here in at 33 cents for the primary quarter, down from 64 cents a 12 months ago, but additionally beating analyst forecasts of 26 cents. Bath & Body Works updated its full-year forecast to reflect better-than-expected bottom line results and the impact of the gain on the early extinguishment of debt in the...
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