Tag Archives: Consumer

PZ Cussons warns on consumer demand, African challenges


(Reuters) – Soap and cosmetics maker PZ Cussons Plc <PZC.L> warned on Thursday it was facing weakened consumer demand across its main markets, with its dominant African business hampered by a weakened Nigerian economy and falls in the naira currency.

The owner of the Imperial Leather brand said it had also faced significant disruption in getting goods into Nigeria and as a result that the first-half contribution to its profit than a year ago from the country, its single biggest market, would be lower.

(Reporting by Tanishaa Nadkar in Bengaluru; editing by Patrick Graham)

Read More


2 Consumer Groups Hit Conn. Bank With Redlining Suit


Law360 (October 5, 2018, 5:12 PM EDT) — Connecticut-based Liberty Bank violated federal housing law by systematically discriminating against African American and Latino residential mortgage applicants by denying them credit at much higher rates than white applicants, according to…

To view the full article, register now.

Read More


South African Consumer Spending Contributes To Healthy Rise In Retail Sales Growth


Total South African retail sales for May 2018 grew by three percent year-on-year excluding the effects of inflation, compared to the 3.1 percent year-on-year growth recorded in May 2017. This is according to the Mastercard SpendingPulse May 2018 report, which provides a macro-economic analysis of retail spending trends in South Africa.

The report shows that inflation in South Africa continued to moderate in May 2018, marking the 17th consecutive month that inflation contributed a declining proportion to overall retail sales growth. Total retail sales growth, including the effects of inflation, grew 5.6 percent year-on-year, meaning that higher prices contributed only 2.6 percentage points to total growth.

The year-on-year increases in total retail spending, both including and…

Read More


African American Consumer Report 2013



African American Consumer Report 2013
Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

African-American Travel Consumer Research – Bernews


The Bermuda Tourism Authority is joining forces with other destination marketing organisations including NYC & Company, Visit Baltimore, Virginia Tourism Corporation and Greater Miami Convention and Visitors’ Bureau, to “fund new consumer research about the African-American travel market.”

“Mandala Research is fielding and putting together the report, which has been customised to allow the Bermuda Tourism Authority to overlay a richer understanding of African-American travellers on top of its existing visitor data,” the BTA said.

“In addition to experience enthusiasts, Bermuda Tourism Authority target consumers groups include active families, adventure seekers and golden boomers. Mandala Research will help determine how Bermuda might best focus on African-American travelers within…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

South African consumer group Libstar plans stock market listing


JOHANNESBURG (Reuters) – Libstar Holdings Propriety Ltd, a South African consumer goods company, plans to raise 1.5 billion rand ($124 million) to repay a portion of its debt and expand its capacity by selling shares on the Johannesburg Stock Exchange, the firm said on Monday.

The offering, which will only be made available to private investors, is targeting a free float of at least 40 percent, Libstar said.

Libstar is the third company in the past two weeks to state its intention to float in Johannesburg, highlighting a more positive mood among investors following newly elected president Cyril Ramaphosa’s promises to kick-start the economy.

“The decision to embark upon a JSE listing is an exciting step in the next phase of Libstar’s development and growth story,” said Co-Founder and…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.