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Cole Brown New Diversity Chief for Walmart U.S.
July 6, 2009... Staff Bentonville, Ark.-- Walmart has promoted L.Mecole "Cole" Brown to chief diversity officer overseeing strategy for Walmart's U.S. business. She succeeds Charlyn Jarrells Porter, who served in the role from 2004 and recently retired. "As someone who has worked closely with Cole...

Balta Group Appoints cfo.
July 6, 2009... Staff Dalton, Ga.-- Balta Group, parent of area rug manufacturer Balta US, has appointed Carl Verstraelen to the post of cfo. Verstraelen, a Belgian national, was previously cfo of Amylum Group, Lhoist Group and Agfa HealthCare. He replaces Graham Hill, who filled the role for...

Consumer Confidence Down.
July 6, 2009... Staff New York-- After two back-to-back months of encouraging gains, the Consumer Confidence Index fell back slightly in June. The Conference Board reported last week that the Index came in at 49.4 for June (1985=100), down from 54.8 in May but still besting April's figure of 40.8....

Study Shows Kmart Gains with Layaway.
July 6, 2009... By Cecile B. Corral Worthington, Ohio-- Kmart is drawing new attention from economically-stressed consumers taking a new liking to layaway, noted BIGresearch's June 2009 report. During the business development firm's "BIG Call" webinar covering consumer attitudes last month, senior...

Suppliers Optimistic Heading into Market.
July 6, 2009... By Cecile B. Corral Atlanta-- The July International Area Rug Market is typically slower than its January predecessor each year. But because the economy was at such a low point six months ago and so many retailers reluctant to write orders -- or in some cases, even make an appearance --...