Retailer Best Buy Soars in Wake of Expansion
Call it the comeback kid. Only a year ago, electronics retailer Best Buy Company was on the brink of disaster. Reeling from rapid expansion---34 new stores in two years---and suffering from an industry-wide sales slump, the retailer was said to be close to defaulting on some large-scale loans. Customers were being offered no-interest long-term credit as an inducement to buy anything on the sales floor.