FINANCE

Report: College students loosely budget $450 for back-to-school

BY Dan Berthiaume

Oberlin, Ohio – College students budgeted an average of $447.75 for back-to-college shopping, not including textbooks. However, a recent student panel survey conducted by OnCampus Research, the research arm of indiCo, a division of the National Association of College Stores, shows that despite considering price the most important factor in back-to-school purchases, college students do not always follow or even create a budget.

When asked, 38.6% of college students indicated they set a budget, yet don’t always stick to it, 34.3% do not set a budget, and 27.1% say they both set a budget and stick to it. The majority (55.8%) of college students do most of their back-to-school shopping a few weeks before classes start. Only 2.2% wait until the day of classes to shop.

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REAL ESTATE

New Sam’s Club opens in Glen Carbon, Ill.

BY Dan Berthiaume

Bentonville, Ark. – A new Sam’s Club store will open in Glen Carbon, Ill.. on Aug. 29. The store will feature a full-service pharmacy, an optical department and also debut the new Sam’s Club Hearing Aid Center, offering technology in hearing aid and personal listening devices with access to a certified audiologist.

The 136,000-sq.-ft. store will use LED lighting, including in the cooler, freezer box doors and jewelry counter that is 70% more efficient than traditional fluorescent lighting.

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REAL ESTATE

Conn’s opens stores in Ariz., Texas

BY Dan Berthiaume

The Woodlands, Texas – Conn’s Inc. opens two new HomePlus stores on Tuesday in Tempe, Ariz., and Houston. The new Conn’s HomePlus store format showcases furniture and mattresses in addition to consumer electronics and home appliances.

The stores are located at 5000 Arizona Mills Circle, Tempe, and 9567 South Main Street, Houston. The Arizona Mills Mall location is Conn’s third new store in the Phoenix metropolitan market and fourth location in Arizona.

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