Consumer sentiment at highest level since fall 2007
New York — Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment. The index rose increased to 79.3 from 76.4 the prior month.
Industry analysts said a decline in gas prices and an improving housing market is helping offset slower job growth and volatile stock prices.
Estimates for the confidence measure ranged from 76 to 79, according to a Bloomberg survey of 60 economists.
Report: M.A.C to open Fifth Avenue flagship
New York — M.A.C. Cosmetics will open a flagship on a prime stretch of New York City’s Fifth Avenue, according to various reports.
The company will open up shop in November, on Fifth Avenue near 54th Street, in a space that formerly housed Elizabeth Arden’s Red Door Spa, according to Racked.com.
Whole Foods Market names regional presidents
Austin, Texas — Whole Foods Market has named Scott Allshouse, Omar Gaye and Rob Twyman as regional presidents following the promotion of David Lannon and Kenneth Meyer to executive VPs of operations.
Allshouse fills Meyer’s former role as president of the company’s Mid-Atlantic Region. He moves from his position as president of the South Region.
Gaye takes the South Region president position vacated by Allshouse, moving from his position as the South Region’s VP.
Twyman is now president of Whole Foods Market’s Northern California Region. He fills David Lannon’s former role and moves from his position as VP of the Northeast Region.