Report: U.S. consumer confidence stalls
New York City — A Bloomberg report on Thursday said that consumer confidence stagnated last week, as the Bloomberg Consumer Comfort Index was minus 43.3 in the period to July 17, the highest since April, compared with minus 43.9 the prior week.
The monthly gauge of the economic outlook improved from a two-year low, according to the report.
“Household confidence remains historically depressed,” said Joseph Brusuelas, a senior economist at Bloomberg LP in New York. “The consumer is likely not to be a major factor in driving growth during the current business cycle compared to past cycles.”
Even with the gain, the gauge is at a level consistent with recessions, the report said.
DemandTec and Farmacias Ahumada extend agreement
Mexico City, Mexico — DemandTec said Thursday that Latin America’s largest drugstore retailer Farmacias Ahumada S.A. (FASA) has extended its agreement to use DemandTec’s advanced pricing analytics to drive profit and customer loyalty.
The chain extended its subscription to DemandTec’s Everyday Price Optimization software service on the network for its retail stores in Chile.
FASA began working with DemandTec in 2007 and currently uses Everyday Price Optimization in Mexico and Peru. With the extension into Chile, FASA will use the service to strategically price items across all 1,200 retail stores. FASA leverages DemandTec to enable more shopper-centric pricing, manage competitive changes, and quickly react to market dynamics with price adjustments. Using DemandTec’s advanced analytical capabilities, FASA evaluates multiple pricing scenarios across store banners and geographies, and forecasts the results of their pricing strategy before executing prices at the store level.
“DemandTec’s science-based analytical platform helps us gain a better understanding of how our customers respond to pricing changes,” said Roberto Montalva, manager of pricing and market studies at FASA. “These insights allow us to quickly and strategically analyze different price points across all our geographical locations including Chile, Mexico and Peru.”
Neiman Marcus hires new HR chief
Dallas — A Wednesday report in the Dallas Business Journal said that Neiman Marcus has hired a new chief human resources officer.
Sandra Brooslin-Viviano joined the company on July 18 as senior VP human resources, succeeding the newly retired Maritea O’Dea.
Brooslin-Viviano, 55, was previously executive VP human resources for New York and Co.