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Inflation Tag

25 Jul

Inflation Boosts Sales Growth at Unilever in H1

by Beautifaire101
Beauty, Featured
Inflation Boosts Sales Growth at Unilever in H1
LONDON – Ongoing inflation boosted first-half sales growth at Unilever, where turnover rose 2.7 percent year-on-year to 30.4 billion euros. The parent of brands including Dove, Dermalogica and Hellmann’s said that underlying sales for the six-month period were up 9.1 percent, due chiefly to cost growth which is about to fall within the second half of the yr as cost inflation comes down. Sales in Unilever’s Beauty and Wellbeing division rose 8.6 percent to six.2 billion euros within the six months to June 30, while Personal Care sales were up 7.3 percent to six.9 billion euros compared with the corresponding period last yr. Unilever’s net profit for the half yr rose 20.7 percent to three.9 billion euros, bolstered partly by disposals. Analysts said the...
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21 Jul

Inflation Expected to Curb Beauty-related Spending in France in

by Beautifaire101
Beauty, Featured
Inflation Expected to Curb Beauty-related Spending in France in
PARIS — Inflationary impacts and shifts in preferred retail channels are expected to proceed impacting the sweetness business in France this yr, in line with a study carried out by NielsenIQ. Notably, it found that 45 percent of French consumers queried said they plan to spend less money on beauty products in 2023. And 41 percent shared they might purchase cheaper beauty products to cut back their category-related expenses. In France on-year, the buyer price index rose 4.5 percent in June and 5.1 percent in May, in line with INSEE, the country’s national statistics office. For a lot of consecutive months prior to that, the monthly increase hovered at around 6 percent. “The inflationary period we're going through has radically modified the behavior...
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24 Jun

A Breakdown of How Mass Beauty Sales Are Faring

by Beautifaire101
Beauty, Featured
A Breakdown of How Mass Beauty Sales Are Faring
Inflation could have cooled in May, in accordance with national figures, but as recently as April it was still impacting mass beauty, each positively and negatively, latest data from NIQ showed. “Across mass retail, we're seeing the key beauty categories are benefiting from inflation, with units lagging overall, but hefty price increases have kept dollar sales afloat,” said Anna Mayo, vice chairman of NIQ’s beauty vertical. She noted hair care unit sales particularly have been hit hard by double-digit price increases, that are conversely helping dollar sales within the category remain within the green. The unit and dollar sales performances of mass beauty by category in April, and the respective year-over-year average unit price changes. Makeup Eye Cosmetics: -4.2 percent, unit...
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14 Feb

Inflation Slowed in January, but Not Enough

by Beauty Tips
Fashion, Featured
Inflation Slowed in January
Inflation Slowed in January Inflation slowed in January, but not enough to ease the concerns of anyone — from investors sweating out the market to consumers trading all the way down to budget-minded shopping options. The Labor Department’s Consumer Price Index rose 6.4 percent last month, marking a slight declaration from December, when prices rose 6.5 percent from a yr earlier. For the Jerome Powell-led Federal Reserve, which seeks to maintain inflation closer to 2 percent, prices are still growing uncomfortably fast, meaning the central bank’s drive to chill down the economy by making it dearer to borrow money is prone to proceed. And that can proceed to affect everyone, including the style industry, where consumers outside the rarified world of luxury are showing...
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