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Germany is a key growth market for Primark, which is expanding across continental Europe and the United States after nearing saturation point in Britain and Ireland. It expects to open two more stores in Germany in the current financial year, after five in the 2017/18 fiscal year. But it is locked in a battle with rival discount retailer H&M (HMb.ST), successfully drawing customers away from the Swedish company’s 458 German stores. H&M saw sales steadily decline in Germany, its biggest market, in the last two years until a rebound in its latest quarter.[nL8N1WD159].
H&M is another major brand putting a bigger emphasis on sustainability, It, Primark and other retailers are seeking to promote recycling and more environmentally-friendly cotton farming methods in response to customer concerns, “We don’t want to give the impression that we’ve got everything right..We’re on a gradual journey,” said Katharine Stewart, Primark’s head of ethical trade and environmental sustainability, Primark, which has 360 stores globally, will roll out more products next spring made customized cufflinks india from cotton planted under its sustainable farming program in Pakistan, including children’s pyjamas and women’s jeans..
LONDON (Reuters) - Nestle (NESN.S) and Unilever (ULVR.L) (UNc.AS), two of the world’s biggest consumer goods makers, both reported a pick-up in quarterly sales on Thursday after getting higher prices for their products. The increased cost of oil, as well as a strengthening of the US dollar, in which many commodities are priced, has given makers of food and toiletries greater scope to push through price rises in an inflationary environment. This is a change from earlier this year, when pricing was steady and the likes of Unilever and Nestle had to rely almost entirely on selling more goods to drive revenue growth.
Unilever — the Anglo-Dutch maker of Dove soap which dropped plans to move to the Netherlands this month after British investors rebelled - said it expects more price customized cufflinks india rises to come through in the fourth quarter, which could weigh on demand, “We do think that with the higher levels of pricing that are going to be required we will see a rebalancing toward more price and a little less volume going forward,” Unilever Chief Financial Officer Graeme Pitkethly told analysts, Consumer goods companies need to carefully balance prices and demand, ensuring that customers remain loyal to their brands and don’t defect to cheaper or own-label supermarket products..
For the full year, Unilever’s sales growth is likely to come towards the bottom end of its 3 to 5 percent target range, Pitkethly said, adding it could be a bit higher than the most pessimistic forecasts. Nestle stood by its full-year forecast for sales up 3 percent, after third-quarter sales accelerated, helped by higher pricing. But its results, which were in line with analysts’ expectations, were largely overshadowed by news that Wan Ling Martello, its Asia chief, was leaving. Nestle shares were up 0.3 percent in morning trade, while Unilever shares were down 1.3 percent.
Unilever did not give an update on its latest thinking about simplifying its dual-headed structure after it abandoned its plans in the face of customized cufflinks india an investor backlash, Nestle, the maker of KitKat chocolate bars and Nescafe coffee, said third-quarter sales rose 2.9 percent in the third quarter, up from 2.6 percent in the second, That included a 0.9 percent boost from pricing increases, up from 0.2 percent in the second and first quarters, Nestle has warned about higher freight and packaging costs, whereas Unilever noted crude oil, chemicals and the impact of the strengthening US dollar..
Unilever reported a 3.8 percent rise in third-quarter sales, excluding steep price increases in Argentina to offset soaring inflation there. Including Argentina, sales would have been up 4.5 percent, which was ahead of analysts’ forecasts for 4.3 percent. Unilever got a 1.4 percent lift from pricing, up from 0.2 percent in the first half. U.S. rival Procter & Gamble is due to report its latest quarterly figures on Friday. Unilever’s Pitkethly said pricing decisions were taken market by market, and that Unilever has products at various price points to satisfy people who need to trade down to cheaper brands as prices rise.
STOCKHOLM (Reuters) - Mobile telecom gear maker Ericsson (ERICb.ST) said on Thursday that it has dismissed 50 people over a U.S, corruption probe it warned could lead to a financial penalty, The Swedish company has previously said that it initially received questions from U.S, authorities in March 2013 and that it has been cooperating with the U.S, Securities and Exchange Commission and the U.S, Department of Justice, “I’m trying to say that we have taken quite a lot of actions and done quite a lot of activities,” Ericsson Chief Executive Borje Ekholm told a press customized cufflinks india conference, after the group reported stronger-than-expected third-quarter results..