Maiden meeting for Myer board after launch Nov 2, 2009
Myer will look to steal a march on its fellow public company and chief rival David Jones as both department stores battle for every dollar as consumer expenditure is beginning to recover from the global financial crisis. Also up for discussion is Myer's point-of-sale technology from SAP which, at nearly $100 million, is one of its biggest single expenditures outside of its store roll-out and refurbishment program. (Sydney Morning Herald -- Business)
Country Road defies gloom with expansion Oct 28, 2009
Mr Moir said the combined figures showed Country Road was grabbing more than its fair share of the market but it was too soon to suggest a complete return to the boom times before the global financial crisis crimped consumer expenditure. The market has got a little tougher, I think its tougher because we all got a benefit from the fiscal stimulus and thats falling away, we are all concerned about the impact on consumer confidence of increasing interest rates and I think the... (Sydney Morning Herald -- Business)
Unilever names worst fear: an L-shaped future Oct 15, 2009
South Africa experienced a boom between 2001 and last year driven by consumer expenditure that resulted in local consumers having among the highest debt levels worldwide. For Unilever - which sells food, homecare and personal hygiene products, many of which are not basic supplies - it is paramount that consumers have disposable income. (Business Report, South Africa)
European markets firm after eurozone data Oct 6, 2009
But he added: "Nevertheless, the eurozone services sector is by no means completely out of the woods yet as it still faces serious obstacles such as muted consumer expenditure, limited business spending and ongoing financial sector problems. "Indeed, it is notable the rate of improvement in the business activity index slowed in September. " In Asia on Monday, Japanese stocks fell to the lowest level in almost 11 weeks as an unexpected surge in US job losses added to worries about the global... (Business Report, South Africa)
How Sunday trading changed the UK Aug 28, 2009
" But the shopping boom that followed is now coming back to haunt the country in recession, says Mr Baker, because there are just too many shops. Shops in many towns and villages remain closed on Sundays, and in those areas little has changed. Public transport still has a Sunday timetable all over the country, while most banks and theatres remain closed. A NATION OF SHOPPERS 53% of people regularly shop on a Sunday An estimated 14% of consumer expenditure, inc online shopping Sunday is eBay's... (BBC News -- UK)
Alternative investments Aug 22, 2009
Capgemini and Merrill Lynch also foresees that in the same period, Asia-Pacific will overtake North America as the largest region for HNWI financial wealth, underpinned by increased US consumer expenditure as well as the growing new-found autonomy for the Chinese economy. Although there is no readily available data on the size of the entire wealth management market in Malaysia, feedback from banks and other financial service providers indicate that it is growing and that there are plenty of... (The Star Online, Malaysia -- Business)
Roti, kapda, makaan & mobile Jul 5, 2009
5% of consumer expenditure in 1951, 90% in 1961, 86% in 1971, and 80% in 1981. There was hardly any money for items of comfort and luxury. (India Times, India)
EU service sector confidence 'up' Jun 4, 2009
"Indeed, the eurozone service sector remains under serious pressure from weak consumer expenditure, reduced business spending, financial sector problems, housing market slowdowns in a number of countries, and contracting activity in key export markets," he said. Bookmark with. (BBC News -- Business)
Traditional portfolios need a re-look May 19, 2009
According to the latest round of National Sample Surveys on household consumer expenditure (2006-07 ), rural consumption expenditure on categories like beverages, refreshments, processed foods and purchased meals grew by 24% as compared to a mere 5% for urban consumption expenditure. Most FMCG companies such as Hindustan Unilever and ITC have set up one of the strongest marketing and distribution networks to serve their rural consumers. (India Times)
Public holidays put vehicle sales in park May 6, 2009
However, a revival in consumer expenditure on the back of lower interest rates, together with stimulatory government spending, should start to lend support to the domestic market during the second half of the year, Naamsa noted. Any improvement in industry new vehicle exports would only materialise once the severe current global financial and economic crisis abated and confidence returned to international markets. (Business Report, South Africa)
Buy and sell used Apr 19, 2009
The average consumer spends about $1,750 a year on clothing and its upkeep, according to the U.S. Bureau of Labor Statistics' most recent Consumer Expenditure Survey. You can potentially cut that in half by shopping at consignment shops and auctions, though the life of the goods may be less than buying new. (Orangeburg Times and Democrat, SC)
G20 summit: What do business leaders want? Apr 2, 2009
However, it is far worse in the business community where confidence is even lower and consumer expenditure translates into the longer investment cycle. Investment in business, the inter-business activity and confidence are at a dangerous and profound low. (Accounting Web, UK)
Production cuts to add pressure to local automotive sector Mar 30, 2009
He said an improvement in the domestic environment depended on reviving consumer expenditure, lower inflation, aggressive interest rate reduction and fiscal stimulation. Internationally, given the magnitude and severity of the economic crisis, any improvement depended on a return of confidence and the stabilisation of financial institutions and markets, which was only likely to occur next year, Vermeulen said. (Business Report, South Africa)
UK recession is worse than foreca... Mar 27, 2009
Consumer expenditure was down 1 per cent during the period but government expenditure rose by 1. 3 per cent and at the end of last year was 4. (New York Post -- Business)
No relief for car sector Mar 4, 2009
Any improvement in the domestic environment remained dependent on a revival of consumer expenditure, aggressive interest rate reductions and fiscal stimulation. Lower levels of inflation. (iAfrica.com)
