China: latest retail news, insights and analysis | ESM Magazine

P&G Raises Annual Core Profit Forecast On Price Hikes, Easing Costs

Procter & Gamble has raised its annual core profit forecast as it benefits from easing commodity costs and higher product prices of its cleaning and ho...

Procter & Gamble Price Hikes Thin Shoppers’ Wallets

Rising prices of personal care products could quash Americans' habit of buying big-brand-name items for their household pantries, posing a threat to Procte...

Illycaffè Reports Revenue And Profit Growth In FY 2023

Italian coffee company Illycaffè achieved solid revenue growth in 2023, reaching €595.1 million (+5.7% at constant exchange rates and +4.8% at...

L'Oreal Reports 6.9% Increase In Fourth-Quarter Sales

French cosmetics company L'Oreal reported fourth quarter sales growth that fell short of market expectations, reflecting a disappointing performance in Asi...

Super Bowl Caterer Compass Says Q1 Volume Better Than Expected

British catering group Compass reported an 11.7% jump in first-quarter organic revenue and said like-for-like volume, or the number of meals served, was be...

Starbucks Cuts Sales View Due To Middle East Conflict, Warns Of Weak Q2

Starbucks cut its annual sales forecast as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recover...

Bakkavor Optimistic After Profits Exceed Market Expectations In FY2023

Prepared food firm Bakkavor expects increased profitability in 2024 after its profits exceeded expectations in full-year 2023.

General Mills Overhauls Senior Leadership Team

General Mills has announced several changes to its senior leadership team, including the appointment of Jon Nudi as group president of its Pet and Internat...