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JEWELRY RETAIL GIANT DENIES DIAMOND-SWAP REPORT
- The parent company of Kay Jewelers and Zales is watching its stock price plummet, following a report about the company that detailed how some Kay workers swapped out diamonds in engagement rings with cheap imitations. A separate report hinted that the company may be “courting regulatory scrutiny” over its debt collection techniques related to the financing it offers for in-store purchases. The in-house financing operation contributed $225 million in income to the company’s bottom line last year.
MOTHER CLAIMS AFTER-CARE PROGRAM THREATENED ARREST OVER $30 UNPAID DEBT
- When threats are allegedly made against individuals for unpaid debts, the expectation is that the amount owed is usually significant. But in one case, a mother in Tennessee claims she was threatened over $30 she owed to her child’s after-care program. The caller claimed that the mother should “beg, borrow, or steal the money,” and if she was unable to come up with it, a warrant would be issued for her arrest. A partner with the after-care program says that she was unaware of a parent being told this.
COLLECTION AGENCY OWNER DEALING WITH MIXED EMOTIONS AFTER NEWS ABOUT POWER PLANT CLOSING
- An energy company has announced that it is closing down a nuclear power plant in operates in Illinois. About 700 workers are expected to lose their job. One life-long resident of the town, who just opened a debt collection agency two months ago, is now dealing with mixed emotions. His business could likely improve if the economy in the town and surrounding area falters, but the owner admits that this is not a situation he is looking forward to capitalizing on.
WORTH NOTING: The CEO of DropBox with some advice: what does your future self wish you had learned or worked on today? … A Googler talks about his desire to master time management … A look at four companies who are doing email marketing right … 14 things ridiculously successful people do every day … How one man transformed his Jeep into a moving house … The “Can you hear me now?” guy now works for Sprint … The iconic moments of Muhammad Ali … Does anyone care about Miss USA pageants anymore? … Gas prices are up six cents in the past two weeks … A lot of eyes will be on Federal Reserve Board chair Janet Yellen today … An argument in favor of a four-day work week during the summer.
A hotel that has an interesting key policy
The best way to spot a liar
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The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.
