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Consumer confidence in January climbs to eight-month high
Washington, D.C. -- The Conference Board said Tuesday that its Consumer Confidence Index reached its highest level in eight months as Americans grew more optimistic about the job market.
The Index climbed to 60.6 this month, up from 53.3 in December. While that reading surpassed expectations, it still falls short of the 90 level that indicates a healthy consumer mindset.
The January figure was the highest since last May's 62.7, and hasn’t been above 90 since the recession began in December 2007.
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Bon-Ton re-ups CEO's contract, promotes COO
York, Pa. -- The Bon-Ton Stores said Monday that it has extended president and CEO Bud Bergren's contract through Feb. 5, 2012, and has promoted Barbara Schrantz to COO.
Under the newly announced agreement, Bergren's contract will automatically renew annually, unless the board chooses otherwise. Schrantz will assume the role of COO on Jan. 30. She is currently executive VP sales promotion and marketing.