Target Expects Big Gains From Credit Cards
August 19, 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.
Recent News
Honda Invests $11 Billion in Canadian EV Hub
Honda Motor, in partnership with undisclosed joint venture collaborators, has announced an $11 billion investment in Ontario, Canada, to establish a robust electric vehicle infrastructure.
Young Affluent Consumers Embrace Luxury Sleep Brands
A rising trend among young affluent consumers is the integration of luxury sleep brands.
Aramark Workers Strike Again at Wells Fargo Center
Aramark workers at the Wells Fargo Center have gone on strike to demand better wages and health care benefits.
Elon Musk’s OpenAI Rival xAI Is Raising $6 Billion in Funding
Elon Musk’s xAI, which came to the market 10 months ago to compete with OpenAI, has raised almost $6 billion in funding.