Sales & Marketing

Minneapolis -- Target Corp. said it has completed the sale of its entire consumer credit card portfolio to TD Bank Group for $5.7 billion, the gross value of the outstanding receivables at the time of closing.
 

SCOTTSDALE, Ariz. — DollarDays.com, an online wholesale distributor, has recently joined forces with Bongo International to offer customers located worldwide the same discounts and service that U.S. clients have enjoyed for over 12 years. Bongo International is a global e-commerce solution providing U.S. retailers access to international markets with no change to their current operations.

COLUMBUS, Ohio — Express, a specialty retail apparel chain operating more than 620 stores, reported that fourth quarter net sales increased 8% to $728.7 million from $673.2 million in the fourth quarter of 2011. Comparable sales increased 1.5%, following a 5% increase in the fourth quarter of 2011.

Net income was $63.9 million, or 75 cents per diluted share. This compares to net income of $60.4 million, or 68 cents per diluted share in the fourth quarter of 2011.

Columbus, Ohio -- Express said its fourth-quarter net income rose a better-than-expected 6%, but its full-year projection for earnings came up short as the retailer provided a weak outlook.
   
Express, similar to many other retailers, had less traffic in February, as higher taxes and rising gas prices cut into shoppers’ discretionary spending.
 
For the period ended Feb. 2, Express Inc. earned $63.9 million, up from $60.4 million a year earlier.

DENVER — PaySimple, the cloud-based platform for managing and growing small businesses, has launched a redesigned mobile payment and business management iOS application accompanied by a new mobile credit card reader. The updated Run-Your-Business App offers service-based business owners the flexibility they need to operate their companies from anywhere and from a range of devices.

Philadelphia -- Metro Commercial announced that Allen Edmonds has opened a flagship shoe store in Philadelphia, located at the corner of 18th & Chestnut Streets.

The 1,900-sq.-ft. store opened in February.

Metro Commercial negotiated the lease on behalf of the landlord Midwood Investment & Development.    

PHILADELPHIA — Sparks, a maker of custom retail fixtures, has appointed two new executives to their business development team.  Ilicia Manger and Jeffery Buttson bring a combined total of 35 years of retail fixture industry experience to the Sparks executive team.

BOCA RATON, Fla. — Office Depot, announced that it has won two Silver Stevie Awards in the seventh annual Stevie Awards for sales and customer service. 

Office Depot was honored with Silver Stevie Awards for e-commerce customer service, which recognized Office Depot’s expanded chat services for web customers and the telesales team of the year.