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  • Wal-Mart Founders Charity donates $50 million to Teach for America

    Bentonville, Ark. -- The Walton Family Foundation revealed Wednesday that it will donate $50 million to Teach For America, a commitment that stands to nearly double the size of the organization’s teaching ranks.

    The charity that was created by the founder of Wal-Mart Stores will mete out half of the funds over a three-year period, and will increase the number of teachers to 15,000 by 2015. The remaining half of the donation will support the training of existing Teach for America instructors in seven communities.

  • Food desert fiasco

    The existence of hunger in America and the concept of food deserts are hard for most Americans to grasp. Simple observations suggests that the majority of us are not missing many meals and grocery stores are so prevalent that profitably operating a food store is a perpetual challenge because of intense competition and the resulting pricing pressure.

  • NPD names home improvement director

    PORT WASHINGTON, N.Y. — The NPD Group Inc. has named Kevin Gilbert as director of home improvement, reporting to Perry James, the president of home and office supplies. 

    Prior to joining NPD, Gilbert was VP client solutions at SymphonyIRI, where he managed the Diageo and Kraft accounts. In addition to his role at SymphonyIRI, Gilbert spent many years in the packaged goods industry in category management, sales development, and trade planning roles, working with such companies as Kellogg, Bayer, and Pinnacle Foods.

  • Report: U.S. consumer confidence unexpectedly up

    Washington, D.C. -- A Tuesday report by Bloomberg said that consumer confidence in the United States took an unexpected upward turn in July, from an eight-month low.

    Results were led by a rebound in jobs’ outlook over the next six months.

    The Conference Board’s index climbed to 59.5 from a revised 57.6 reading in June that was lower than previously estimated, according to Bloomberg research. Economists predicted the July gauge would fall to 56, according to the median forecast in a Bloomberg News survey.

  • Chain Store Age conducts digital media survey

    New York City -- Chain Store Age is conducting a brief survey designed to take retailers’ “new” media temperature. Together with shopping center owner Forest City Enterprises and research firm Alexander Babbage, Chain Store Age is surveying our retail readership to find out what retailers nationwide are doing in terms of social, mobile and other digital media initiatives.

  • Educator acknowledged for excellence in supply chain and logistics

    In recognition of his significant contributions to the art and science of supply chain and logistics management, Dr. James R. Stock will receive Council of Supply Chain Management Professionals’ (CSCMP) 2011 Distinguished Service Award.

    Stock serves as the Frank Harvey Endowed Professor of Marketing at the University of South Florida and becomes the 46th person to receive the annual award since it was created in 1965. He will be honored during the opening general session on Monday, Oct. 3, at CSCMP’s Annual Global Conference in Philadelphia.

  • NRF survey throws wet blanket on seasonal sales

    If consumers can be trusted to accurately describe their spending intentions well in advance of when they actually incur expenses then this year’s back-to-school season will be weaker than last year’s. The National Retail Federation’s annual BTS survey got a lot of attention when it was released last week because consumer data compiled by the trade group forecast a decline in spending.

  • Food inflation to benefit comps in months ahead

    American consumers may not like inflation, but retailers are enjoying the favorable impact rising prices have on their same-store sales calculations. It was evident last month when most retailers reported healthy comp increases, and more of the same could be in store for July as it appears retailers are effectively passing through increased prices to shoppers.

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