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2026-05-26 11:17:14
[Portuguese beauty retailer Perfumes & Companhia is expected to benefit from a resilient labor market] (1) At the beginning of 2026, the Portuguese labor market remained resilient: the unemployment rate in the first quarter was approximately 6.0%-6.1%, and even fell to 5.8% in some months. Strong labor force participation supported private consumption of various retail goods, including select beauty products. (2) The employment situation is closely related to the demand for products such as high-end and affordable perfumes and skincare products. Despite external headwinds such as energy prices and trade concerns, data from the beginning of 2026 shows that consumer demand continues to improve thanks to steady support from disposable income. (3) Although hiring growth may slow in 2026, the existing employment base can still maintain a favorable environment for spending on beauty and personal care. Perfumes & Companhia's expanding e-commerce platform is targeting price-sensitive and high-end shoppers. The European Commission predicts an unemployment rate of approximately 5.9% in 2026, consistent with the above data, indicating that retailers will face a generally favorable environment throughout the year.
