Profits From Store-Branded Credit Cards Hide Depth of Retailers’ Troubles

https://www.nytimes.com/2017/05/11/business/dealbook/retailer-credit-cards-macys-losses.html?partner=rss&emc=rss

More than one-third of profits at leading retailers like Macy’s are derived from store-branded credit cards. But counting on customers’ debt is not a sustainable strategy.

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