#consumer-confidence

#consumer-confidence

Selfridges has blamed a slump in the number of international tourists shopping for luxury goods in the UK and weaker consumer confidence for a fall in annual sales, as the retailer racked up losses for a fifth year in a row. The upmarket department store chain reported a 7% decline in sales in the 48 weeks to 4 January 2025 to 775m compared with 835m recorded over the 53 weeks of its previous year.

Almost £1 billion was wiped off the stock market value of Britain's biggest retailers on Tuesday after Deutsche Bank warned that consumer confidence is sliding sharply ahead of the autumn budget. The bank's so-called fear index points to rising anxiety across all income groups, with shoppers concerned about job losses, frozen tax thresholds, and the prospect of further fiscal tightening from Chancellor Rachel Reeves.

In July, California's consumer confidence rose 2% from June, marking only the second monthly improvement since Trump's election. The index still remains 25% off from its October high.

Expectations that the ECB would hold its interest rates unchanged could also support yields and the euro. In this regard, ECB officials signaled a more cautious stance.

"If they're so reliant on fans to buy from them and support them, what happens when that starts to go away?"

China's GDP grew 5.2% in April to June, ahead of analysts' expectations of 5.1%, showcasing resilience amid ongoing trade tensions with the U.S.

California consumers' optimism towards Donald Trump's presidency has sharply declined, with confidence indexes showing a 25% drop in contrast to a 19% rise after his first election.

The new badges will appear across content, so you might notice them popping up on LIVEs, product detail pages, short videos, and in search. This seamless integration into every part of the platform will help us elevate the shopper experience.

Despite a 6% rise in sales from 1 May to 9 June, Zara may face subdued growth due to reduced consumer spending and a slowing economy.

"That's when it just exploded." - Dr. Norman Rowe reflects on the growth of cosmetic procedures post-pandemic, emphasizing an unexpected surge in demand.

Market sentiment is refreshingly bullish, with all three major stock averages widening their lead as the morning unfolds.

Even with consumer confidence somewhat down and some issues in terms of the economy, people still believe that a Disney theme park experience is really special.

Germany's center-left Social Democratic Party (SPD) membership of 358,000 must vote by 11:59 p.m. on a pivotal 144-page coalition agreement with the conservative CDU.