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Kohl’s completes credit-card portfolio transfer to Capital One
Menomonee Falls, Wis. -- 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.
Capital One has acquired the more than 20 million existing Kohl’s Charge accounts and through the seven-year agreement will offer private-label credit cards to new and existing Kohl’s customers. According to the department store retailer, the credit-card business accounted for more than 50% of Kohl’s sales in 2010.
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Brooks Bros. opens at Phillips Place
Charlotte, N.C. -- Lincoln Harris, which handles the leasing and management for luxury retail center Phillips Place, said that Brooks Bros. has moved from its current location in SouthPark Mall, in Charlotte, N.C., and opened a new store in Phillips Place.
The new 8,800-sq.-ft. store is located in the courtyard area of Phillips Place in space previously occupied by Modern Salon.