bad debt on Nordstrom credit card accounts up 158%

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Cucumber
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bad debt on Nordstrom credit card accounts up 158%

Postby Cucumber » Wed Jun 17, 2009 3:52 am

I just read a thing about Nordstrom having problems with credit card accounts and bad debt. From the first quarter of 08 to the first quarter of 09 it went up 158%!

I wonder how bad of shape Neiman Marcus, Bloomingdale, and Saks credit card accounts are too? I know they are screwed but are they higher deliquency rates than the industry in general? That would be unusual b/c these are *supposed* to be customers with more money.
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