The beleaguered retailer sheds its credit card operations for $155M; Shares jump 10 percent.
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Pier 1 Imports Inc. , a home decor retailer which has been struggling to turn around its business, said on Wednesday it will sell its private-label credit card business to JPMorgan Chase & Co. for about $155 million, boosting its shares more than 14 percent.
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A state audit of credit card use by the Lackawanna Municipal Housing Authority found myriad undocumented charges - including more than $5,000 for recreational activities, according to documents released this week.
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Filed under: Credit Card News
Pier 1 Imports Inc. said on Wednesday it agreed to sell its private-label credit card operations to JPMorgan Chase & Co. for about $155 million, boosting its shares more than 10 percent.
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Filed under: Credit Card News
SBI Cards is No.2 credit card co
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Hundreds of stolen credit card numbers were used to purchase more than 1,000 Barbra Streisand concert tickets that ended up being put for sale on the Internet, Ticketmaster officials said Wednesday.
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Pier 1 Imports Inc. said it will sell its credit card operation to J.P. Morgan Chase for a better-than-expected $155 million and will gain some marketing muscle in the deal.
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Filed under: Credit Card News
New Delhi, Aug 31: SBI Cards has quietly zoomed past Citibank to become the second largest credit card company in the country by issuing 2.92 million cards as on August 15.
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Filed under: Credit Card News
Pier 1 Imports Inc. has agreed to sell its private label credit card business to JP Morgan Chase & Co. for $155 million.
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Filed under: Credit Card News
SBI Cards is No.2 credit card co
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Filed under: Credit Card News