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Developers Diversified Realty and MasterCard Worldwide launch gift card in Puerto Rico
Beachwood, Ohio -- Developers Diversified Realty Corp. announced a new gift-card partnership with MasterCard Worldwide in Puerto Rico.
The MasterCard program, called the Isla Plus Card, represents an extension of a significant, long-term partnership between the two companies in Puerto Rico. The Isla Plus Card is designed to promote even greater acceptance among merchants and consumers, and provide the flexibility consumers demand in gift-card programs.
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J.C. Penney to close stores as part of restructuring; names Ackman to board
Dallas -- J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough. The retailer named William Ackman to its board after the activist investor became its biggest shareholder