In 2003 to 2004, I was editor of a newspaper in the suburbs of San Antonio Texas. The apartment I rented has room for a stackable washer and dryer so I began looking around for a set.
It was a bit more challenging than I thought. I remember looking at Sears, Home Depot, and Lowe’s, all stores where I’ve purchased large appliance before and since.
I can’t remember the specifics, but it seemed like one (or two?) of the big stores did not offer a stackable washer and dryer at the time, and the one(s) that did would take up to three weeks to deliver.
Conn’s had one that was a lower price than anywhere else and could deliver within a day or two. So I bought it.
I paid cash for my appliances, but do recollect that there was a lot of pressure (beyond being asked to apply for Conn’s credit) to use their credit to purchase my appliances.
They were delivered and installed as promised. They worked fine and when I moved a couple years later, I sold them.
Conn’s is based in Texas and currently operates stores in 11 states. In November, it opened its 100th store, located in Las Vegas. Here in Tennessee they operate two stores in Memphis, one in Madison, and one in Knoxville.
While they are often known for appliances, according to their third-quarter results, their top sales area is furniture and mattresses, followed by appliances, consumer electronics, and office.
On Friday, January 15, their stock closed at $13.62.
Not everyone is excited about the addition of Conn’s to the community.
“I won’t be supporting Conn’s on principle,” Kirsten Englefield wrote on the AntiochTenn.com Facebook page. “They take advantage of the less financially savvy. They are one step above Rent a Center.”
Several other comments echoed the sentiment, but as Council Member Jacobia Dowell said on Facebook, it is better than an empty building.
“Now I start to believe things as there are tangible signs this area is on the up,” area resident Steve Wilcox said on Facebook.
Regardless of one’s feelings about how Conn’s HomePlus does business, there is no denying that they are a major company making a significant investment by locating in Antioch.
Floor and Décor
Floor and Décor is a little less known to the Nashville market.
The company is focused on the hard flooring market, including hardwood, tile, stone, and laminate. They also offer tools and accessories necessary to complete hard surface work.
They list stores in 17 states, including two in Tennessee. One is in Memphis and a “coming soon” in Knoxville, slated to open February 25. The Antioch location is not listed yet as coming soon, but David Young, Chief Operating Officer of Oldacre McDonald, the developer of the old Target location, said they are shooting for an April opening.
The company was established in 2000 and is based in Atlanta.
On their website, they state, “At Floor & Decor, homeowners and professional contractors have access to superstore selection at warehouse prices with showroom quality.” They also offer a low-price guarantee.
The company was acquired in 2010 by an investment group led by Freeman Spogli & Co. in cooperation with Ares Management.