![]() The Cincinnati-based company sold more products across its portfolio of Gillette shaving cream and Old Spice deodorant at a discount from the fall through March, according to a Reuters analysis of NielsenIQ data in Jefferies research notes. For P&G, which reported results on Friday and has tried to avoid discounting what it calls its superior products, it shows its more-affluent consumers may be facing financial stress. The new discounts are a reversal from last year and during the pandemic, when demand kept up for household goods despite double-digit price increases. ![]() Milder inflation could be welcome for investors and consumers after a period of fast-rising prices led to steep interest rate increases by the U.S. The costs of ingredients and inputs for consumer goods, like pulp and fuel, are falling in some cases, allowing manufacturers to ease up on price hikes and offer more promotions, while retailers including Walmart Inc (WMT.N) are also pushing suppliers to cut prices. Makers of consumer products like P&G, a bellwether for the industry, are relying more on discounting to stay competitive as shoppers look to cheaper alternatives to stretch their budgets. consumers may finally get some relief as Procter & Gamble Co (PG.N) deepens discounts on Tide, one of its biggest brands, according to a Reuters analysis of NielsenIQ data. But after two years of price hikes on detergent, U.S. CNN Sans ™ & © 2016 Cable News Network.NEW YORK, April 20 (Reuters) - Doing laundry is a drag. Market holidays and trading hours provided by Copp Clark Limited. ![]() All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. ![]() Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “We haven’t seen noticeable changes in consumer behavior.” P&G expects the higher prices will drive sales growth in the coming months as its increases take effect.Īlthough consumers are already paying more for many household products, demand remains strong, he said. (P&G makes Metamucil, Neurobion, Pepto-Bismol and Vicks.) Moeller said P&G has raised prices on all 10 of its product categories in the United States and told retailers Tuesday it will be increasing prices on some personal health care brands in April, although he didn’t specify which ones. P&G makes many of the most recognizable brands in US homes, such as Gillette, Charmin, Bounty, Pampers and Crest. “In some categories and in some markets, inflationary pressures are broad-based with little sign of near-term relief.” Availability of materials remain stretched,” P&G CEO Jon Moeller said on an analyst call Wednesday. “Transportation and labor markets remain tight. The US producer price index, a gauge for prices manufacturers are paying, rose 9.7% annually. P&G said it’s raising prices to offset some cost pressures, including transportation, labor and commodities it uses to manufacture its products. Daniel Acker/Bloomberg/Getty ImagesĪmericans are ditching knock-off brands: Pampers and Hefty are back Hefty trash bags sit on display in a supermarket in New York, U.S., on Monday, May 17, 2010.
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