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<< < 1 > >> Total results: 18

Trump’s Win Presents P&G With Some Unwanted Side Effects

November 18, 2016: 12:00 AM EST
With 59% of sales from outside the U.S., P&G is especially vulnerable to exchange rate changes and the post-election rise in the dollar will compress its sales growth. Since the election a series of currencies have fallen, some of which were already trading low against the dollar. Following the election, Mexico’s peso is down 9 percent, Brazil’s real and Japan’s yen are off 5 percent, the euro is down 4 percent and China’s yuan and Russia’s ruble are both lower by nearly 2 percent. Management expects total sales in the fiscal year ending June 30, 2017 to fall about 1 percent but this period includes sales unaffected by the recent changes in currency values, raising questions about upcoming performance. In an added complication, P&G has become the focus of a sharp rise in stock ownership by hedge funds that is now at a six-year high. Funds might see a devalued stock or possibly a chance to release value through shareholder activism.  [ Image credit (C) Gage Skidmore ]
Alexander Coolidge , "P&G sees Trump fallout, hedge fund interest", Cincinnati.com, November 18, 2016, © www.cincinnati.com
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Kimberly-Clark Suspends Operations In Venezuela

July 9, 2016: 12:00 AM EST
Kimberly-Clark Corp. said it is suspending its operations in Venezuela due to the worsening economic crisis in the country. According to the personal care products manufacturer, it had already stopped most of its production lines over the last two months. Also, the company said it had found it impossible to acquire raw materials and hard currency, and that high inflation had hurt its local operations.
Brian Ellsworth, "Kimberly-Clark halts Venezuela operations on deteriorating economy", Reuters, July 09, 2016, © Reuters
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Unilever Will Expand Marketing Efforts In Indonesia During Ramadan, Company President Says

June 15, 2016: 12:00 AM EST
Unilever Indonesia plans to increase its marketing efforts during the Islamic holy month of Ramadan in the country. According to company president Hermant Bakshi, consumer sentiment has improved after a slump in 2015. Unilever's net profit dropped 1 percent in 2015, its first drop in 10 years. Indonesia's economic slowdown adversely affected consumer spending during the year.
Wataru Suzuki, "Unilever Indonesia sees 'stabilized' sentiment", Nikkei Asian Review, June 15, 2016, © Nikkei Inc.
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Growth Slows For India's Beauty And Personal Care Market In 2015

June 14, 2016: 12:00 AM EST
India's beauty and personal care products market grew 13.6 percent to $11 billion in 2015, the lowest growth rate in five years, according to Euromonitor. Data from the market research firm revealed sales fell due to a slowdown in consumer spending on personal care products. Weak growth in this segment, which accounts for about 22 percent of the country's total FMCG market, according to consulting firm KPMG and the Federation of Indian Chambers of Commerce and Industry, was blamed on low monsoon for two consecutive years.
Suneera Tandon, "Strapped for cash, Indians are buying fewer beauty products", Quartz India , June 14, 2016, © Atlantic Monthly Group, Inc.
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Global Economy Forecast To Grow Slower In 2016 And 2017, Euromonitor International Says

May 22, 2016: 12:00 AM EST
World GDP growth is forecast lower at 3.0 percent for 2016 and 3.2 percent for 2017, according to Euromonitor International. Data from the market research firm's Global Economic Forecasts: Q2 2016 revealed global stock markets have recovered from the sharp declines that took place in early 2016; however, financial stability has decreased, with risk-aversion rising. As a consequence, consumer and business confidence indicators are dropping across developed markets, which is likely to adversely affecct consumption and investment decisions. Emerging markets are finding it harder to grow and are experiencing significant declines in capital inflows, with some even seeing capital outflows.
"Global Economic Forecasts: Executive Summary", Euromonitor International, May 22, 2016, © Euromonitor
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Consumers Worldwide Are Dealing With Economic Slowdown And Its Consequences, Global Study Reveals

March 24, 2016: 12:00 AM EST
More than 50 percent of consumers worldwide fear they or someone in their household will lose a job in the coming year, according to McKinsey & Company. Data from the study, “Saving, Scrimping, and… Splurging? New Insights Into Consumer Behavior,” which interviewed more than 22,000 respondents from 26 countries, revealed 28 percent of respondents said they are finding it harder to make ends meet than the previous year, while 26 percent said they live paycheck to paycheck. About one-third of respondents said their current economic conditions are making them delay purchases and reduce spending. Also, the study revealed five truths about today’s consumers: they proactively search for savings; they are loyal to brands, as long as the price is right; consumers who opt for cheaper brands might not be likely to go back; consumers are selective splurgers; and they shop across channels.
Max Magni, Anne Martinez, and Rukhshana Motiwala, "Saving, scrimping, and . . . splurging? New insights into consumer behavior", McKinsey Insights, March 24, 2016, © McKinsey & Company
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JPMorgan Analysts Predict Economic Downturn In US Based On 4Q 2015 GDP Report

March 24, 2016: 12:00 AM EST
JPMorgan Chase & Co. analysts predict a 50 percent chance of economic downturn in two years, based on data the U.S. government will release on March 25, 2016. Economists expect the revised data to confirm that gross domestic product grew at an annual rate of 1 percent in the final three months of 2015. Also, pre-tax earnings likely declined 9.5 percent in the fourth quarter of 2015, compared with the same quarter of the previous year, following a 5.1 percent drop in the third quarter. Corporate earnings are also feeling pressure from poor productivity and rising labor costs, as well as inability to raise prices due to the weak economy.
Rich Miller, "Watch Out for the U.S. Recession Signal in Friday's GDP Report", Bloomberg Business, March 24, 2016, © Bloomberg L.P.
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U.S. Economy May Be Creeping Toward A Recession

February 22, 2016: 12:00 AM EST
A strong dollar and weak oil and other commodity prices are taking their toll in states dependent on manufacturing and energy production. Four – Wyoming, North Dakota, West Virginia and Alaska – have lost thousands of jobs and have officially fallen into a recession. Seven others are on the brink. A Bloomberg survey of economists has found that the median probability of a U.S. recession in the next 12 months leapt to 20 percent, the highest probability in three years. Economists say one of the things buoying the U.S. economy is American consumers. Retail sales rose 3.4 percent in January from last year, and stagnant wages seem to be rising. But, one economist noted, “If the consumer were to falter for any reason, that would be a big problem.”
Steve Matthews, "The U.S. States Where Recession Is Already a Reality", Bloomberg Business, February 22, 2016, © Bloomberg L.P.
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Brazil's Online Retail Market Forecast To Reach $40.8 Billion By 2019, Market Analysts Say

January 26, 2016: 12:00 AM EST
Online sales in Brazil are forecast to rise from $17.8 billion in 2014 to $40.8 billion by 2019, according to data presented by Costs Advogados partner Marcio Cots at a panel presentation hosted by the Brazilian American Chamber of Commerce in New York City. According to AD. Dialeto founding partner Leonardo Cid Ferreira, Brazilian consumers use online resources and social media to gather information, buy, and keep up with fashion and beauty trends. Consumers use e-commerce for “easy replenishment,” lower prices, and convenience of delivery.
Deanna Utroske, "Brazil’s recession is an e-commerce opportunity for personal care brands", CosmeticsDesign.com | USA, January 26, 2016, © William Reed Business Media SAS
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Sephora Is Leading In U.S. Prestige Cosmetics Market, Report Shows

June 11, 2015: 12:00 AM EST
In the United States, 90 percent of women who buy prestige beauty and personal care products said they do their shopping at Sephora's retail stores, at the company's online store, or both either occasionally or regularly. Data from the report “2015 PinkReport: The Sephora Shopper” released at the HBA Global Expo event revealed 69 percent of millennials said they shop both in store and online, while 59 percent of Generation X consumers and 49 percent of Baby Boomers said the same thing. Among Boomers, 76 percent said they have shopped at Sephora for three to 10 years or more, while 74 percent of Gen-Xers said they do.
"Sephora Leads in Prestige Market", Happi, June 11, 2015, © Rodman Media
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Morrisons Plans To Increase Staff In Its Supermarkets

April 16, 2015: 12:00 AM EST
The fourth largest supermarket chain in the U.K. plans to trim its head office staff while hiring more service people for its stores. Morrisons is recruiting 5,000 shop floor staff to improve service, increase product availability, and open more checkout counters. Many of the new jobs will be part-time. In the meantime it plans to reduce head office jobs by 720. Headquarters staff in Bradford have increased by 50 percent since 2008, a trend that has left many employees disgruntled. The lack of personnel in stores has been a major complaint among the rank-and-file at Morrisons.
Ronan Hegarty, "Morrisons to cut 720 head office jobs as it boosts shop floor numbers", The Grocer, April 16, 2015, © William Reed Business Media Ltd
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China's Economy In 2015 Mirrors U.S. In 2008

March 23, 2015: 12:00 AM EST
Economic conditions in China in 2015 look like those in the United States in 2008, according to market analysts. In March, China's government lowered its 2015 GDP growth target to around 7 percent, its lowest in 11 years, compared with 7.4 percent in 2014. A slowdown in the real estate market, overcapacity at factories, and growing local debt are weighing down China's economy. China's central bank cut interest rates twice since November 2014, and allowed its banks to increase lending volumes. According to Gabriel Investments managing partner Richard Vague, the country is forecast to have its largest budget deficit since the international financial crisis this year.
Joanna Campione, "China looks 'a lot like the U.S. in 2008'", Yahoo! Finance, March 23, 2015, © Yahoo! Inc.
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Brazil's Retail Tissue And Hygiene Market Weakens As Economy Falls

March 15, 2015: 12:00 AM EST
Brazil's economic slowdown is forecast to adversely affect the retail tissue and hygiene market in the country. Inflation rose to more than 7 percent, much higher than the government's target of 4.5 percent, with the country's Central Bank expecting GDP to contract 1 percent in 2015. To curb inflation, the government raised interest rates to 12.75 percent; however, this could push the country into recession. Brazil is the world's fourth biggest retail tissue and hygiene market, providing emerging-market growth for makers, such as Kimberly-Clark and Procter & Gamble. With the economy weakening, however, Brazilian consumers are opting to buy products in bulk packaging from hypermarkets and cash-and-carry stores. Consumers, especially those from the middle class, are the biggest losers in Brazil's spiral down the economic drain.
Rob Walker, "Prospects for Down Market Shift in Retail Tissue and Hygiene as Brazil’s Economy Implodes", Euromonitor International, March 15, 2015, © Euromonitor International
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United States Economy Improving, Five Trends Reveal

November 27, 2014: 12:00 AM EST
There are five trends highlighting the improvement in economic conditions in the United States in 2014. Most significant among these developments are the drop in prices of gasoline and other fuels and the increase in job growth rate in the country. Improvement in the job market is enabling more Americans to quit jobs they do not like. Also, home prices are rising at a more reasonable rate, while household debt levels are falling.
Neil Irwin, "Five Economic Trends to Be Thankful For", The New York Times, November 27, 2014, © The New York Times Company
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Unilever Paints Gloomy Picture Of World Economy

October 23, 2014: 12:00 AM EST
Though Unilever has been ringing alarm bells about the worsening world economy for some time, it now acknowledges the situation is gloomier than it once thought. Chief Financial Officer Jean-Marc Huët says the company’s sales are sagging in every product category – including personal care, food, refreshment and household care – all over the globe. The glum assessments are echoed by policy makers. The International Monetary Fund trimmed its growth forecast by 0.002 percent while warning of the possibility of Europe re-entering a recession. China’s third quarter economy grew at the slowest pace in five years. “We are in a tougher environment. There is no other way to put it,” Huët said.
Simon Zekaria, "Unilever Surprised by Extent of Global Slowdown", The Wall Street Journal, October 23, 2014, © Dow Jones & Company, Inc.
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Unilever To Cut More Jobs, Close Factories If European Consumer Income Falls, CEO Says

August 2, 2014: 12:00 AM EST
Unilever would have to cut its European workforce further if consumers’ income levels fall in the region, according to company CEO Paul Polman. Reports said Polman indicated his company would “cut costs now and also close factories if the need is no longer there.” Unilever downplayed the report, however, with a company spokesperson saying the company has not announced any cost-cutting programs, based on its July 24, 2014, quarterly report.
"Unilever would eye job cuts if markets weaken: magazine", Reuters, August 02, 2014, © Thomson Reuters
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As The Economy Bounces Back, So Do Consumer Attitudes Toward Premium Brands

July 30, 2014: 12:00 AM EST
New IRI research into the changing attitudes of consumers as the U.S. economy rebounds from the years-long recession finds that more shoppers are now willing to pay the extra money for premium brand products. Fifteen percent of consumers surveyed said they will increase usage of premium brands in the next year. But IRI also noted that what consumers consider “premium” differs from one generation to the next. Baby boomers and millennials find value in different premium-brand attributes, and use different shopping strategies. Millennials, for example, are more drawn to convenience; boomers to quality ingredients and brand names.
"Premium Products Primed to Perform", IRI, July 30, 2014, © IRI
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Eating More Pasta To Save Money At The Grocery Store? Try Asian Flavors For Variety

March 19, 2014: 12:00 AM EST
Economizing consumers who are spending more of their food budget on pasta, but are a little tired of Italian-style, tomato-based dinners, might want to try Asian recipes. Food writer Ellen Brown says it’s a great way to save money while boosting vegetable content of meals. Asian food markets (and larger grocery stores) will have the necessary ingredients: egg noodles or spaghetti, toasted sesame oil, oyster sauce, hoisin sauce, fish sauce, sweet chili sauce, dried shiitake mushrooms, rice paper pancakes, fresh ginger, scallions, snow peas, baby bok choy, thin Japanese eggplants and shallots. The key to Asian cooking? Slice thinly ahead of time and stir fry quickly.
Ellen Brown, "Cost-Buster Cooking: Asian-flavor pasta is flavorful, fast and fun", The Providence Journal, March 19, 2014, © The Providence Journal Co
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