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Store credit cards — with interest rates in some cases above 30% — have long been a pure profit center for department stores. Credit card sales made up about 87% of operating profits at high ...
Ames Department Stores, Inc., was an American chain of discount stores based in Rocky Hill, Connecticut, United States.The company was founded in 1958 with a store in Southbridge, Massachusetts, and at its peak operated 700 stores in 20 states, including the Northeast, Upper South, Midwest, and the District of Columbia, making it the fourth-largest discount retailer in the country.
Mervyn's was an American middle-scale department store chain based in Hayward, California, and founded by Mervin G. Morris (1920–2021). [ 1] It carried national brands of clothing, footwear, bedding, bath products, furniture, jewelry, beauty products, electronics, toys, and housewares. Many of the company's stores were opened in shopping ...
The deal would create the nation's largest department store chain with over 1,000 stores and $30 billion (equivalent to $46.8 billion in 2024) in annual sales. To help finance the deal, Federated agreed to sell its combined proprietary credit card business (but still administered by FACS Group, a subsidiary of Federated) to Citigroup.
housewares. The May Department Stores Company was an American department store holding company, formerly headquartered in downtown St. Louis, Missouri. [ 1] It was founded in Leadville, Colorado, by David May in 1877, moving to St. Louis in 1905. [ 2] After many changes in the retail industry, the company merged with Federated Department Stores ...
Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is an American department store chain that operates 663 stores across 49 U.S. states and Puerto Rico. [9] [10] Departments inside JCPenney stores include Men's, Women's, Boys', Girls', Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, JCPenney Salon, JCPenney Beauty, as well as leased departments such as Seattle's Best ...
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