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BUSINESS BRIEFING / RETAIL

Target to tighten credit card terms

October 24, 2008|TIMES WIRE REPORTS

Target Corp., facing slower sales and rising delinquencies in its credit card business, said it was further tightening finance terms for its cardholders -- even those in good standing.

The discounter may become even more stringent if credit conditions keep deteriorating.

Executives told analysts at Target's annual meeting in Minneapolis that it was tightening terms for all customers who live in areas such as California that have suffered the most from the housing slump.

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