The Conference Board Consumer Confidence Index, which had rebounded in October, declined in November. The Index now stands at 88.7 (1985=100), down from 94.1 in October. The Present Situation Index declined from 94.4 to 91.3, while the Expectations Index decreased sharply to 87.0 from 93.8 in October.
Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer confidence retreated in November, primarily due to reduced optimism in the short-term outlook. Consumers were somewhat less positive about current business conditions and the present state of the job market; moreover, their optimism in the short-term outlook in both areas has waned. However, income expectations were virtually unchanged and gas prices remain low, which should help boost holiday sales.”
Tri State Distributors, a prominent Pacific Northwest distributor of home appliances, hearth products and outdoor living products, in October acquired McNeely-Yuill, a hearth products and grill distributor in Northern California and Northern Nevada, according to Dan Hunt, Tri State hearth sales manager.
Established in 1967, Tri State currently serves 750 dealers in Washington, Oregon, Alaska, Hawaii, Idaho, Montana, Colorado, Wyoming and Utah, plus British Columbia, Alberta, Manitoba and Saskatchewan, Canada. It has offices and full service distribution centers in Spokane and Kent, Washington, and Portland, Oregon.
McNeely-Yuill is headquartered in Rancho Cordova, California, near Sacramento, and will continue to use the McNeely-Yuill name for the “forseeable future.” Steven McNeely, former president of McNeely-Yuill, is continuing with the company as a consultant.
Tri State Distributors is owned by co-presidents Gary Dickson and Don Dickson, Jr., sons of the founder Don Dickson. The company has 47 employees, with 36 involved in hearth and outdoor living products.
– Bill Sendelback