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Stock impact report

Store credit card applications skyrocket around Black Friday — but the discounts they offer come with a catch [The Business Insider]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Store credit card applications skyrocket around Black Friday — but the discounts they offer come with a catch The price you pay could be way higher than it seems. Thomas Lohnes/Getty Images for RESERVED For a frequent shopper, nothing is better than a good discount. Thankfully, shoppers no longer have to wait around for bargain holidays like Black Friday or Cyber Monday to get their fix. Stores like Macy's and Nordstrom have begun offering deals year-round to combat the retail apocalypse. One way they're luring customers is through store credit cards and accompanying loyalty programs. In the US, consumers hold an average of 1.51 retail cards, according to Experian's annual State of Credit analysis. The most popular time for sign-ups is during the holidays . In fact, discount retailers, online stores, and jewelry stores nearly double their sign-ups in the month of December. But while the initial offer can seem enticing — nearly two-thirds of the store cards recently surveyed b Show less Read more
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