Maxed out

6 September 2017 By Kate Duguid

Macy’s-branded plastic contributed nearly 40 pct of EBIT last year. At Kohl’s and J.C. Penney, too, finance propped up profit. It’s a quick fix at best for struggling U.S. mall tenants. They may find their credit-card partners pulling back as stores close and charge-offs rise.

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