Hudson's Bay Mulls Sale of Credit Card Business

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

Written by: Unknown Author –

http://www.insidearm.com/news/00019888-hudsons-bay-mulls-sale-of-credit-card-bus/

Hudson’s Bay Co. said on Thursday it is mulling the sale of its credit card business because of the current demand for such operations.

At the end of 2004, the company’s financial services division managed about $1 billion in card receivables on 3.1 million active accounts.

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