Cowen Remains Bullish on Nordstrom (JWN) Following Announced Credit Card Sale Completion
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Nordstrom Announces Closing of its Credit Card Transaction
October 1, 2015 4:15 PM EDTSEATTLE, Oct. 1, 2015 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced the closing of its credit card transaction with TD Bank U.S.A., N.A. (TD), including the sale of its credit card portfolio and the initiation of the long-term agreement under which TD is the exclusive U.S. issuer of Nordstrom-branded Visa and private label consumer credit cards. This transaction supports Nordstrom's strategy to enhance the customer experience while allowing for improvement in capital efficiency.
As previously announced on May 26, 2015, Nordstrom will continue to perform all customer-facing account servicing functions,... More
Gabrielle Bridges Joins DERMAdoctor, Inc. as Executive Vice President of Sales
September 30, 2015 10:07 AM EDTKANSAS CITY, Mo., Sept. 30, 2015 /PRNewswire/ -- Today, DERMAdoctor, Inc. a prestige, problem solving, skincare company is pleased to announce that Gabrielle Bridges has joined the company as Executive Vice President of Sales. Ms. Bridge's 20 year career has resulted in over $375 million in sales revenue. She will enhance the management team at DERMAdoctor to accelerate the company's growth with existing and new retail partners as well as develop and implement new business strategies.
Ms. Bridges began her career with a 9 year tenure with Nordstrom. Since then she has served as Vice President of Retail Business... More
MetLife Leads Group of Insurers Providing $1 Billion, 12-Year Fixed-Rate Loan to Refinance Luxury Mall in Short Hills, N.J.
September 30, 2015 9:00 AM EDTNEW YORK--(BUSINESS WIRE)-- MetLife, Inc. (NYSE: MET) announced today that it, along with New York Life Insurance and Pacific Life, has provided a $1 billion, 12-year fixed rate loan to refinance an existing mortgage on The Mall at Short Hills, a major luxury shopping complex in northern New Jersey owned by Taubman.
MetLife is the lead lender in this transaction, with each insurer taking one-third of the $1 billion loan. The collateral... More
