Consumers Remain Uptight, Confidence Level Falls

Published: September 30, 2009

U.S. consumer confidence fell unexpectedly in September, according to the Conference Board.

The confidence index dropped to 53.1 in September vs. a 54.5 mark in August. The August result was seven points higher than July’s.

The Conference Board cited growing concerns about the economy, unemployment and low job prospects and income levels as the reason for the decline.

"Consumers remain quite apprehensive about the short-term outlook and their incomes," said Lynn Franco of the Conference Board. "With the holiday season quickly approaching, this is not very encouraging news."

TBC Corp. names COO for TBC Brands, TBC International

Bill Schafer brings 30 years of experience from Michelin, where he held various leadership roles during his tenure.

By Christian Hinton

Published: May 7, 2024

TBC Corporation appointed Bill Schafer to the role of chief operating officer for TBC Brands and TBC International. Schafer will report directly to TBC Corporation’s President and Chief Executive Officer, Don Byrd, and will oversee all TBC Brands and TBC International sales initiatives, including customer service, commercial tire sales, equipment and non-tire sales, and operations, according to TBC.