meehawl

all that is solid melts into air, all that is holy is profaned

Bye Bye FingherHut

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So crappy FingerHut is closing down, and I saw this great article about it on FC:

Federated really screwed the pooch here. Fingerhut’s business wasn’t so much about the catalogs (in the sense that Victoria’s Secret or J Crew are). It was about offering quasi-credit at astronomical effective interest rates to deadbeats living in trailer parks and crack houses. That’s why Federated has to deal with such big numbers of Fingerhut “receivables”–installment payments from burger-flippers for their full-length leather Shaft coats.

Something’s really rotten when you can’t make a buck offering usurious credit to malt liquor drinkers. Those deals have been sending idiots to Dartmouth and Brown for generations.

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