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Conn’s Gets Breathing Room On Loans

3/23/2010 05:23:00 AM Eastern

BEAUMONT, TEXAS — Credit modifications
approved this month by
Conn’s lenders have helped the 76-
store appliance, electronics and furniture
chain avoid defaulting on its
loans. The credit line will be reduced
from $200 million to $170 million next
month and to $130 million in April 2011,
while the maturity date was shortened
from September 2012 to August 2011.

CEDIA Bows
Inventory Exchange Plan

INDIANAPOLIS — The Custom Electronic
Design & Installation Association
(CEDIA) has unveiled its Inventory Exchange
program which creates a forum
where CEDIA electronic systems contractor
(ESC) members can arrange to
buy and sell excess inventory.
Manufacturers, however, “have the
ability to approve which dealers are eligible
to sell their products and which
brands can be sold,” CEDIA marketing
director Jamie Riley told TWICE.
The program is free and open exclusively
to CEDIA members. It is designed
to enable members to list excess
inventory or other products they
wish to unload from their shelves and
browse listings from fellow members
to make up for shortages.

MERA Sets
KnowledgeFest Dates

NORTH ANDOVER, MASS. — The Mobile
Electronics Retailers Association
(MERA) has scheduled its Knowledge-
Fest 2010 trade show for Oct. 10 -12 in
Dallas at the Gaylord Texan Resort and
Convention Center. The show, which
resumes after a one-year lapse, will feature
more than 50,000 square feet of exhibit
space. For further details on the
show, email exhibit@merausa.org.

CEA Backs FCC
Broadband Plan

ARLINGTON, VA. — The Consumer
Electronics Association (CEA) said
it backs the Federal Communications
Commission (FCC) on its work to address
the spectrum crisis, competition
in the marketplace for video devices,
and accessibility issues as part of
the National Broadband Plan released.
CEA said in a prepared statement that
it applauds the commission’s goal of
freeing 500MHz of spectrum over the
next decade.

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