Target Delays Sale Of Credit Card Receivables

Target Corp. has put on hold plans to sell its credit card receivables portfolio until late 2012 or early 2013 and plans to retire its $2.8 billion in receivables financing by the end of this month, according to a Citi Investment Research & Analysts report. The analysts expect Target to generate strong returns from its REDcard, which provides users with a 5 percent discount.

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