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  • Consumer confidence reaches highest level in five years

    New York -- Consumer confidence climbed to the highest level in more than five years, according to The Conference Board. The group’s closely-watched sentiment index rose to 76.2 in May, the highest since February 2008, and up from a reading of 69.0 in April.

    The expectations index jumped to 82.4 in May from 74.3 in April to mark the highest level in seven months. The present situation index rose to 66.7 from 61.0. The share of consumers expecting more jobs to open in the next six months increased to a five-month high.

  • ConAgra exec receives IFMA’s foodservice award

    CHICAGO — The International Foodservice Manufacturers Association honored ConAgra VP of strategic projects William J. Caskey with the trade association’s newly established Distinguished Foodservice Executive Award.

    Caskey received the award for his dedication to the foodservice industry and his service on the IFMA board of directors during the National Restaurant Association Show week in Chicago, Ill. 

  • Gatsby propels better-than-expected Q1 for Tiffany

    NEW YORK — Tiffany & Co.’s 175th anniversary and its Great Gatsby movie tie-in collection drove the jeweler’s better-than-expected financial results for the first quarter ended April 30, which included Valentine’s Day. 

    The jeweler had worldwide net sales of $895 million, an increase of 9% from $819,170 for the same period last year. On a constant exchange rate basis that excludes the effect of translating foreign currency denominated sales into U.S. dollars, worldwide net sales increased 13% and comparable store sales rose 8%.

  • Haggar names Schneider sales director

  • Abercrombie & Fitch reports net loss

    New Albany, Ohio -- Abercrombie & Fitch shrunk its net loss during the first quarter of 2013 but still reported thin financial results. Net loss for the quarter was $7.2 million, compared to $21.3 million during the first quarter of 2012. The results missed analysts’ estimates.

    Net sales dropped 9% from $921.2 million to $838.8 million. Same-store sales plummeted 17%. Direct-to-consumer sales fell 6%. U.S. same-store sales fell 14%; international comparable sales were down 16%.

  • Despite Q1 net sales decrease, Wet Seal has positive outlook

    FOOTHILL RANCH, Calif. — The Wet Seal’s CEO focused on the positive following the company’s first quarter results for the period ended May 4.

  • West Elm going global

  • Former Express exec new VP, HR at Quantum Health

    COLUMBUS, Ohio — Quantum Health has appointed former Express executive Elliott R. Tobias as the company’s VP of human resources.

     

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