-
Charming Charlie offers digital gift cards
Hosuton - Fashion accessories retailer Charming Charlie recently expanded its relationship with Stored Value Solutions (SVS) to offer e-commerce distribution of digital gift cards. Charming Charlie originally associated with SVS in 2012 for gift card processing in their more than 340 stores across the U.S.
Since introducing online access to digital eCards to complement the availability of physical cards, Charming Charlie gift cards purchased online during the winter holiday season grew by an exponential rate year-over-year.
-
Sears aims to raise $2.5 with REIT
Sears Holding Corp. is looking to raise more than $2.5 billion by selling its stores to a real estate investment trust.
The REIT, called Seritage Growth Properties, will purchase 254 Sears and Kmart stores for more than $2.5 billion and then lease back the Sears and Kmart stores to Sears Holdings. Seritage will partially fund the transaction through a public rights offering.

