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
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.