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There’s good news and bad news about the price...

There’s good news and bad news about the price erosion in flat-panel TVs, Rent-A-Center executives said Tuesday on an earnings call. “When a 60-inch plasma TV and a 73-inch DLP TV gets down to the prices that we can buy…

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them for today, that helps and we can rent those today, whereas a year ago, two years ago for sure, we couldn’t rent 60-inch plasmas,” President Mitch Fadel said in Q-and-A. “Our customer would not have been able to afford them. So the deflation helped there. As far as what we can carry, where it can hurt you is on the ticket. The average price coming down.” The chain sees 60-inch flat-panel TVs and PS3 and Xbox 360 game consoles as some of its hottest product offerings going into the fourth quarter, Fadel said. Rent-A-Center is very excited about opening its first Mexican store in Reynoso two weeks ago, said CEO Mark Speese. “We have spent the better part of this year working on and preparing to enter this new and exciting market,” he said. “And while we are in the early stages, we are very excited about what we are seeing and the feedback we are getting from customers and prospects alike.” The chain expects to open another three or four stores in Mexico this year and 25-75 next year, he said. In Canada, the chain expects to open 10-20 stores next year. In the U.S. “rack acceptance business -- this is the kiosks inside of the retail stores -- we continue to expand quickly and perform well there, also,” Speese said. “We ended the quarter with 151 locations, expect to end the year with approximately 220, and expect to add an additional 100 to 150 locations next year.”