All Things Digital

Skip to main content.

SEARCH
Voices

Voices

The Voices Feed

from other Web sites

Consumer Rebound? Not Yet. (At Least, Not In Texas.)

October 20, 2009
by Eric Savitz
Blogger and Columnist, Barron's, Tech Trader Daily

Eric Savitz

There was a telling bit of news on the continued travails of the U.S. consumer today from a small Texas retail chain called Conn’s (CONN). (In general, I would say calling a retailer “Conn’s” is not something I would recommend. But I digress.)

Conn’s sells consumer electronics, home appliances, furniture, mattresses, computers and lawn and garden products in 75 stores in Texas, Louisiana and Oklahoma. And according to a statement from the company this morning, this is not an ideal time to be in that particular line of business.

“Economic conditions in the company’s markets have deteriorated significantly during the current year,” the company warned, citing a rise in the Texas jobless rate to 8 percent in August 2009 from 5.6 percent in December and 5 percent in August 2008. “As a result, the Company’s sales and credit portfolio performance have been adversely impacted.”

Read the rest of this post on the original site

Tagged: econalypse, economy, frontpage, , , , , , , , , , , | permalink
« Previous Post
Next Post »

Featured Voices Posts

Featured Video

View All Jobs | Post a Job Job Listings

A sponsored service from SimplyHired

Voices Posts by Date

About Voices

This is a section of the All Things Digital Web site featuring posts from around the Web, from other Dow Jones properties and also original pieces we solicit. The section is now explicitly labeled that it comes "from other Web sites."

We are fully aware of the controversies around how linking and aggregating is done on the Web and we, in no way, are attempting to "scrape" original content created by others. Instead, regarding third-party posts, we are trying to point readers of this site to other posts from around the Web that we admire and are trying to do so in the quickest manner possible.

The Internet is full of terrific content that is not ours and we want to help our readers find it by making editorial suggestions--Look, Mom, no algorithm!--of posts we think are worth their time.

That is why we have made even more changes to Voices to ensure we do this in the most transparent and timely way. While we don't expect that everyone will agree with our policies, we have made changes that reflect our intent in pointing to content outside our site.

So here is exactly what we do: Read more »

About the Site

Because the site is wholly owned by Dow Jones, publisher of The Wall Street Journal, we aim to adhere to the journalistic standards of the best of the mainstream media. But, because it is run autonomously as a small online startup, we aim to exhibit the fresh thinking and nimbleness of the best of the new media. We want to be first, and sassy, but also well sourced and accurate. We will offer lots of opinion and analysis, but plenty of fact as well.

Read more »