Thank the new bankruptcy laws for Best Buy's problems. Because it is true that they make all their money from extended warrenties and financing, they have been hurt by marginal consumers thinking twice before going into long term debt for toys. Best Buy needs broke people who need instant gratification, for them to succeed in straping them with a high interest loan for that 50" HDTV that they cant afford, but would have otherwise just defaulted on with no penalties. Best Buy would get the write off on the debt as well.
"That's the beauty of it. If you can't afford it, f'ing finance it!!!" - Judge Reinhold, Ruthless People
well, that and the "housing bubble" If the Detroit Automakers can blame a stall in housing prices for lower car sales, I am sure Best Buy can also.
The same people who finance their 50" TVs are the same ones who bun new homes 5 times their income with interest only no money down loans, and struggle with expensive car lease payments.
Disasters waiting to happen.