The Weekly Treasure, Week of October 30th, A bull market in deodorant

Stay Updated with Finance and Economy News | The Weekly Treasure
Ben Verschuere - Chief Investment Officer
October 30, 2023

Hi Treasure Friends,

We hope you are well. The important news last week for the economy was the release of the GDP which showed the economy growing at a strong 4.9% pace.

In a few charts

If you are curious about why the economy might be so strong our Co-Founder and Chief Investment Officer presented at the CFO Council his view and outlook on the economy: Here is a summary.

What the Treasure Team is reading​

​​From the Treasure chest...

A bull market in deodorant: Workers returning to the office and socializing after pandemic lockdowns helped lead to a 15% surge in sales of deodorants, according to the maker of Dove, Rexona and Impulse. Unilever said the shift away from home working and expansion in Latin America had helped offset heavy competition from expensive new brands in the US such as Native and Dr Squatch. Graeme Pitkethly, the group’s finance director, said: “Many people didn’t use deodorant as much when they were in lockdown and working from home and some recovery in that is coming through.”The recovery in deodorant sales helped Unilever’s personal care division outperform the rest of its product categories in Europe making it the only one to increase the amount of items sold.

Have a great week!

The Treasure Team

📥 Interested in receiving our curated headlines directly to your inbox every Monday? Don't miss out – subscribe to our newsletter:

More from the Blog

Gemini created image
Dear Bank: Here's How You Can Slash Deposit Costs and Delight Customers (Yes, Really!)

For years, the holy grail for banks has been attracting and retaining low-cost deposits. What if there was a way to keep your customers happy and decrease your funding costs? One answer lies in investment products.

Read More
EconomyMay 2024 Economic Snapshot
May 2024 Economic Snapshot

Treasure's Chief Investment Officer provides you with a quick 2 minute overview of what happened last month in the financial world.

Read More
NewsTreasure Partners with Unit a Leader in Embedded Banking Services
Treasure Partners with Unit a Leader in Embedded Banking Services

Treasure is excited to share its partnership with Unit, a leading Fintech providing embedded banking services.

Read More
Treasure Technologies Inc.
447 Sutter St
STE 405 PMB 25
San Francisco, CA 94108
Website is operated by Treasure Investment Management, LLC ("Treasure"), a wholly-owned subsidiary of Treasure Technologies, Inc., and an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). Brokerage services are provided to clients of Treasure by Apex Clearing Corporation ("Apex"), an SEC-registered broker-dealer and member FINRA.

Investing involves risk, including loss of principal. The contents of this website are provided for information purposes only and do not constitute an offer to sell or a solicitation to buy securities. Past performance is no guarantee of future returns.