Consumer Spending

Walgreens Cuts Profit Forecast On Lower COVID-19 Vaccine Demand

Walgreens Boots Alliance (WBA) has cut its fiscal year profit forecast on lower demand for COVID-19 tests and vaccines and lower consumer spending, sending...

AB Foods To Boost Agri-Food Unit With £48m Bolt-On

Associated British Foods, the owner of Primark and major sugar, foods and ingredients businesses, said it would buy dairy technology company Nati...

South Africa's Tiger Brands Says Power Cuts Set To Squeeze Income

South Africa's biggest food producer Tiger Brands said its annual income might drop as it expected a significant rise in costs because of increased power c...

Australia Retail Sales Flat In April As Consumers Cut Back On Food, Dining Out

Australian retail sales were flat in April as consumers, who face high living costs and rising interest rates, cut back spending on&nbs...

Global Freight Cycle May Have Reached Lowest Point: Kemp

Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may be near its trough, which could provide...

Poland's Allegro Sees Q2 Profit Rising 13% To 16% At Home

Poland's biggest e-commerce platform Allegro expects its core earnings to rise 13%-16% at home in the second quarter, after its March-quarter figure beat i...

Target Sets Cautious Tone As Consumers Turn Thrifty

Target Corp has forecast a grim second quarter as the retailer struggles with consumers shunning non-essentials, such as electronics and home goods in the...

US Retail Sales Miss Expectations, But Core Sales Strong

US retail sales increased less than expected in April, but the underlying trend was solid, suggesting that consumer spending likely remained strong early i...