Content about Accounts receivable

January 18, 2012

Target Corp. announced it is temporarily suspending its efforts to sell its credit-card-receivables portfolio until later this year or early 2013.

Minneapolis -- Target Corp. on Wednesday announced it is temporarily suspending its efforts to sell its credit-card-receivables portfolio until later this year or early 2013. The company also outlined plans to pay J.P. Morgan Chase & Co. about $2.8 billion, along with a make-whole premium, to retire financing from 2008. The payment, along with a premium, is expected to reduce its fourth-quarter earnings by about 8 cents per share.

November 16, 2011

Target Corp.’s profit increased a better-than-expected 3.7% in the third quarter to $555 million, up from $535 a year earlier.

Minneapolis -- Target Corp.’s profit increased a better-than-expected 3.7% in the third quarter to $555 million, up from $535 a year earlier. The retailer’s performance was helped by solid spending and improvement in its credit card business.

Revenue rose 5.4% to $16.05 billion. Same-store sales were up 4.3% in the quarter.

July 14, 2011

Alliance Data Systems Corporation announced it has signed a long-term renewal agreement to continue providing private label credit card services for The RoomPlace.

Dallas — Alliance Data Systems Corporation  announced it has signed a long-term renewal agreement to continue providing private label credit card services for The RoomPlace.

Under terms of the agreement, Alliance Data will continue providing The RoomPlace with private label credit card services, including account acquisition and activation; receivables funding; card authorization; private label credit card issuance; statement generation; remittance processing; customer service functions; and marketing services. 

October 18, 2009

Rite Aid Corp. said Monday it has moved closer to refinancing the rest of its...

December 18, 2008

The Penn Traffic Co. has entered into a definitive agreement to sell its wholesale-business segment...

November 16, 2008

Charming Shoppes Monday announced the completion of the sale of its misses catalog credit receivables...

May 22, 2008

Foot Locker Inc. on Thursday said fiscal first-quarter profit fell, hurt by an impairment charge...

May 4, 2008

Target said it is selling an interest in its credit-card receivables business to JPMorgan Chase...

September 12, 2007

Atlanta, Target Corp....

April 30, 2006

Cincinnati, Ohio, Federated...