#Breaking #News #USA
Profits From Store-Branded Cards Hide Depth of Retailers’ Troubles
#Business Day
By @MICHAEL CORKERY and JESSICA SILVER-GREENBERG from NYT
More than one-third of profits at leading retailers like Macy’s are derived from store-branded credit cards. But counting on customers’ debt is not a sustainable strategy.
http://ift.tt/2pDkRuG
Profits From Store-Branded Cards Hide Depth of Retailers’ Troubles
#Business Day
By @MICHAEL CORKERY and JESSICA SILVER-GREENBERG from NYT
More than one-third of profits at leading retailers like Macy’s are derived from store-branded credit cards. But counting on customers’ debt is not a sustainable strategy.
http://ift.tt/2pDkRuG
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