Content about Credit

February 13, 2013
GE Capital renews private label card program with J.C. Penney

GE Capital Retail Bank, a consumer lending unit of General Electric Company (GE), has renewed its private label credit card program with J.C. Penney Co.

February 6, 2013
2013: The year retail rebounds?

By Gary Glick, Cox, Castle & Nicholson LLP

January 11, 2013
Experian FootFall: Mixed results for holiday 2012

The 2012 holiday shopping season didn’t provide the sales and traffic lift anticipated by retailers, according to Experian FootFall.

December 28, 2012
Christmas Day retail visits up 27% year over year

A report issued Thursday by Experian Marketing Services found that online traffic to the top 500 retail sites on Christmas Day 2012 rose 27% compared to 2011.

December 20, 2012
Experian FootFall: Super Saturday could surpass Black Friday

Shopper analytics firm Experian FootFall said that the final Saturday before Christmas – Super Saturday – could eclipse Black Friday as the top performer this holiday season.

November 13, 2012
Consumers increasingly optimistic about economy

Experian Marketing Services said that its Consumer Expectation Index shows an increasing optimism about the economy.

August 27, 2012
Why Specialty Lenders Give Retailers an Edge

By Jim Hogan, GE Capital

August 20, 2012
Stage Stores signs long-term contract extension with Alliance Data

Stage Stores and Alliance Data Systems announced that they have signed a long-term amended and restated private-label credit card renewal agreement for private-label credit card services.

August 9, 2012
GE Capital Retail Bank, Sam’s Club extend member credit card program

GE Capital Retail Bank, a consumer lending unit of General Electric Co., and Sam’s Club announced their multi-year agreement to continue providing the Sam’s Club credit card program to their Advantage and Business members.

July 12, 2012
The Pantry announces debt refinancing

The Pantry said that it is pursuing debt refinancing consisting of up to $480 million of senior secured credit facilities and $250 million aggregate principal amount of senior notes.

May 7, 2012
Barneys gets new owner in debt-for-equity swap

Barneys New York said that it has reached an agreement with its largest lender, Perry Capital, and other lenders to significantly reduce the retailer’s debt and improve its capital structure.

March 20, 2012
Survey: Importers preparing for surge in consumer spending

Importers who sell to America’s major retailers are preparing for a significant uptick in consumer spending this spring and summer according to a recent survey conducted by Capital Business Credit, (CBC), a non-bank lender that services the retail sector.

February 9, 2012
New POS Technology Available to Retailers in 2012

By Shannon Martin, shannon.martin@onlinemediapartner.com

There are a variety of new technologies that will become available throughout 2012 to small business owners looking for ways to process credit and debit cards. In the past, business have had to rely on costly terminals purchased from merchant account providers who charged not only for the equipment, but also for the processing of the cards used by a business’ customers.

January 3, 2012
ARG: Holiday credit-card debt to drive down January and February sales

January post-holiday sales will plunge to some of the lowest levels in years thanks to a surge in credit card spending over the Christmas season, according to consumer research firm America’s Research Group (ARG).

November 28, 2011
Conn’s completes expansion of credit facility

Conn’s announced that it completed a $20 million expansion, to $450 million, of its revolving credit facility, which expires in July 2015.

November 1, 2011
Stein Mart completes new bank credit facility

Stein Mart said it has completed a new $100 million senior secured revolving credit facility with Wells Fargo Bank, N.A. to replace an existing $150 million revolving credit facility, which was maturing in early 2012.

October 14, 2011
Office Max consolidates credit lines

OfficeMax said it is amending two credit lines and consolidated them into a new $650 million revolving credit facility that expires in October 2016.

October 6, 2011
Pier 1 Imports, Alliance Data sign long-term private-label credit card deal

Pier 1 Imports said it has, through a subsidiary, signed a new, long-term private-label credit card agreement with Alliance Data.

June 20, 2011
Macy’s signs bank credit agreement

Macy’s has entered into a $1.5 billion bank credit agreement that will mature on June 20, 2015.

June 7, 2011
Safeway inks new $1.5 billion revolving credit agreement

Safeway said Tuesday it has signed a new $1.5 billion revolving credit agreement that replaces a $1.6 billion facility.

April 26, 2011
RadioShack to sell $300 million in debt

RadioShack Corp. said Monday that it plans to sell $300 million in debt that will come due in 2019.

April 25, 2011
Zale extends maturity of some debt

Zale Corp. is extending the maturity of $120 million of its credit facility by more than two and a half years, the Associated Press reported.

April 21, 2011
Report: Woman seeks class-action against Target over debt-collection methods

A western Pennsylvania woman filed a federal lawsuit against Target Corp. and its law firm over the chain's debt-collection practices, the Associated Press reported.

April 8, 2011
Sears raises credit facility capacity to $3.275 billion

Sears Holdings Corp. said Friday that it increased the borrowing amount on its domestic revolving credit facility to $3.275 billion from $2.441 billion.

April 5, 2011
Kohl’s completes credit-card portfolio transfer to Capital One

Kohl’s Department Stores said Tuesday it has completed the transfer of its private-label credit-card portfolio to Capital One Financial Corp., effective April 1.

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