Retail News

Target Expects Big Gains From Credit Cards

Star Tribune 08/18/2010

Profits from Target’s credit card business doubled in the last quarter as the chain saw a big drop in the number of consumers defaulting on their debt. The retailer expects to add one to two percent to its sales numbers in future quarters as it rolls out a five percent discount for consumers who use its REDcard to purchase products in its stores and on target.com.

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