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Hot Issue: Cash/Credit Cards

5/7/08
Credit Card Deal: Dream or Nightmare for Target

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Target management is using words to suggest it's dreaming. Others, Reuters reports, wonder if the retailer has been asleep and is about to be wakened by a nightmare of a business arrangement that has JP Morgan Chase holding 47 percent of the retailer's credit card business. Was the decision to sell a portion of its credit card business to JP Morgan Chase a good or bad strategic move by Target? Will other retailers now jump in and follow Target's lead?

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