Bon-Ton closes credit card sale

YORK , Pa. -- The Bon-Ton Stores, Inc. has completed the sale of its proprietary credit card business to HSBC Retail Services.

HSBC also acquired the outstanding balances associated with those accounts. Bon-Ton received $316 million representing cash for the account balances outstanding plus a 5 percent premium.

No changes are planned to Bon-Ton's credit card loyalty reward programs.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!