MergerTalk: More Retail Card Deals Seen

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00005142-mergertalk-more-retail-card-deals-seen/

By James B. Kelleher, Reuters

For more than 100 years, “buy now, pay later” wasn’t just an advertising slogan for U.S. retailers. It was a key to their phenomenal growth.

But big merchants are increasingly reluctant to carry the IOUs all that credit-fueled spending creates — and that’s generating a lot of deal-making in the store-card business.

So far this year, Federated Department Stores Inc., Neiman Marcus Group Inc. and Bon-Ton Stores Inc. sold their consumer lending units to outside finance companies.

The sales were meant to allow them to refocus their attention on the formidable challenges they face in their core businesses, where more and more customers are demanding luxe and low prices.

For this complete story, please visit MergerTalk: More Retail Card Deals Seen.

MergerTalk: More Retail Card Deals Seen

Unknown Author

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