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Consumer confidence down slightly to 79.7 in September

BY HBSDEALER Staff

After making marginal progress in August, the Consumer Confidence Index dipped back down to 79.7 in September, according to The Conference Board.

Though September’s figures are down from August’s upwardly revised metric of 81.8, they still demonstrate substantial year-over-year growth compared with September 2012, when consumer confidence was at 68.4.

“Consumer confidence decreased in September as concerns about the short-term outlook for both jobs and earnings resurfaced, while expectations for future business conditions were little changed," said Lynn Franco, director of economic indicators. "Consumers’ assessment of current business and labor market conditions, however, was more positive. While overall economic conditions appear to have moderately improved, consumers are uncertain that the momentum can be sustained in the months ahead.”

The Present Situation Index experienced a boost to 73.2 from 70.9. Those who viewed business conditions as "good" increased to 19.5% from 18.7%, with a corresponding decrease in those viewing conditions as "bad." More people also deemed jobs "plentiful," but only by a margin of 0.2%. More significantly, those saying jobs are "hard to get" were at a five-year low of 32.7%.

Meanwhile, the Expectations Index fell to 84.1 from 89.0. More consumers (0.3%) expected business conditions to improve over the next six months, but the number of people expecting them to worsen was more or less unchanged at 11.0%. The decrease in expectations was largely a reflection of fewer respondents expecting an increase in jobs in income.

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Farm and ranch store opens in former grocery

BY HBSDEALER Staff

C-A-L Ranch Stores opened its doors in Casa Grande, Ariz., according to TriValleyCentral.com, an Arizona news site. 

The new store, which joins other Arizona C-A-L Ranch locations in Show Low, Prescott and Flagstaff, will operate out of a from Albertsons grocery store building.

Privately held C-A-L Ranch Stores operates 22 stores in Idaho, Utah, Nevada and Arizona.

The news site also reported the farm and ranch retailer is planning another location in Laveen, Ariz., later this year. 

Founded in 1959 in Idaho Falls, Idaho, C-A-L Ranch Stores gets its name from the first-name initials of founders Clinton Murphy, Allen Murphy and L. Wayne Murphy. The new opening is part of a growth spurt for the company, which opened a store in Las Vegas in February and opened is online store — calranch.com — in December 2012. 

C-A-L Ranch Stores offers a mix of merchandise. including ranch and farm supplies, livestock, equine, pet feed and accessories, work and western apparel, footwear, shop equipment, tools, hardware, lawn and garden supplies, and outdoor sporting goods.

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HCN Stock Watch: Trending down

BY HBSDEALER Staff

Stocks continued their moderate decline on Monday, with LP seeing the steepest drop at 2.83%.

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