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Retailers Weather Rita

HOUSTON-Unlike the damage experienced just weeks ago in New Orleans, Hurricane Rita leaves many retailers breathing a sigh of relief.

By Dana Dubriwny | Updated on September 26, 2005

HOUSTON-Unlike the devastation caused by Hurricane Katrina in the Gulf Coast region three weeks ago, the anticipated Hurricane Rita on Saturday delivered minimal wreckage to Southern Texas. Though many retailers closed shops and evacuated in preparation for the worst, many were relieved to find their stores till intact when the winds had subsided.

Beaumont, TX-based Conn’s execs cited minimal damage from Hurricane Rita, saying 50 of its 55 stores were operation by Sunday. The home appliances company also said all of its distribution centers and service facilities, except for the Beaumont location, are operational, and its corporate headquarters building sustained minimal damage but no damage to its computer and telecommunications facilities.

“We expect, that once all stores in the storm-affected area are fully operational, we will experience a positive sales impact resulting from the consequences of the storm,” said Conn’s chairman and CEO, Thomas J. Frank.

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