By  on September 13, 2007

NEW YORK — Target Corp. said late Wednesday that it is launching a review of “potential ownership alternatives” for its $7 billion credit card business. The company will simultaneously take a look at the use of debt in its capital structure and its share repurchasing practices.

Target’s credit card portfolio includes products known as the “REDcards”, the Target Visa Card and Target Credit Card, gift cards and other financial services. Since starting to offer credit cards 13 years ago, Target has grown to one of the largest credit card issuers in the United States.

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