Financial Services Articles

Subscribe Issue Archive Contact Us About Us Advertise PRWeek MM&M SC Magazine

RSS | Login | Register

Financial Services Articles

Sears latest retailer to lose bank funding

Chantal Todé April 21, 2008

Sears Holdings Corp. has joined the list of retailers receiving bad news from the financial community. In a filing with the Securities and Exchange Commission on Friday, Sears revealed that the Bank of America had advised the multichannel merchant it would not renew an existing letter of credit agreement under the current terms.

Retailers hoping to rebound with tax rebate campaigns

Eleanor Trickett April 21, 2008

Now that Tax Day is behind us, retailers are waiting to see if the government's stimulus checks will be spent, or socked away. Many retail brands have already been campaigning creatively to persuade Americans that it is their duty to their economy to flood the money into stores.

Talbots renegotiates payment terms with vendors after losing bank funding

Chantal Todé April 16, 2008

The Talbots Inc. is the latest multichannel merchant to become a victim of the financial industry's growing wariness of funding retail operations. However, Talbots quickly responded, by renegotiating terms with its vendors and said these arrangements are expected to be sufficient to fund the company's working capital needs under its 2008 operating plan.

Check Buyers Checkbook Bind-in Insert Program on market

April 16, 2008

Adrea Rubin has introduced the Custom Direct Check Buyers Checkbook Bind-in Insert Program to the market. This program provides the opportunity to bind a single insert into the first checkbook of a customer's order.

Online fraud up to $240M

April 14, 2008

Americans reported $240 million in online fraud losses in 2007 to the Federal Bureau of Investigation, an increase of $40 million from 2006, according to the FBI's National White Collar Crime Center. Credit-card fraud accounted for 6.3%, check fraud accounted for 6%, computer fraud accounted for 5.3%, and identity theft accounted for 2.9% of all complaints filed.

Success builds from integrated search campaign

Ellen Keohane April 14, 2008

A recent effort from Lincoln Educational Services (LES) is an example of incorporating search strategy from the initial stages of Web site development in order to better address prospective students' needs and boost visibility.

Banks not bailing out retailers

Chantal Todé April 11, 2008

Some banks are displaying a lack of confidence in catalog and multichannel retail operations. Several multichannel merchants have closed or warned that they may have to cease operations after financing has dried up.

Looking to global growth, Discover snags Diners Club

Lauren Bell April 08, 2008

In a bid to grow global acceptance of its branded credit card and payments network business, Discover Financial Services will buy Diners Club International. The acquisition is expected to close within 90 days.

HSBC taps Loyalty Lab for loyalty, CRM

Lauren Bell April 08, 2008

Loyalty Lab Inc. has partnered with HSBC Finance Corp.'s card and retail services business. The partnership allows Loyalty Lab to provide loyalty and CRM programs to retailers offering private label and co-branded credit cards through HSBC.

Southern Fulfillment Services acquires Pittman & Davis

Nathan Golia April 07, 2008

After an approximately 10-month search, food and gift cataloger Pittman & Davis has been sold to holding company Southern Fulfillment Services LLC. Terms of the deal were not disclosed. The buy will enable Southern Fulfillment Services to expand geographically into Texas, and diversify its operations and cross-marketing tactics, according to a company release.

« Previous

Most Emailed

Most Recent

RSS

Other sites from Haymarket Media Inc.

Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions