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Improvements keep coming in credit portfolio
Trends in Target’s credit business continue to improve and delinquency rates in the portfolio are now at their lowest level in several years. Accounts 60 days past due in December represented 4.2% of the receivables portfolio, compared with 4.6% in November, and hit their lowest level since April 2008. The same was true of the 90-day delinquency rate where accounts 90 days past due in December accounted for 3.1% of the portfolio, compared with 3.3% in November, and hit their lowest level since July 2008.
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Pier 1 December same-store sales up 10.3%
FORT WORTH, Texas - Pier 1 Imports' same-store sales rose 10.3% in December, helped in part by more customers and higher average receipts. The company lifted its fourth quarter guidance.
Pier I used fewer promotions and clearance prices during the month than it did last year, said president and CEO Alex Smith in a statement.