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Household International Retailer Still Closing Stores

Household International Retailer Still Closing Stores

The Kansas City Saks store is closing. In October 2004 Saks Fifth Avenue Enterprises , a business segment of retailer Saks Incorporated , announced it intends to close eight Saks Fifth Avenue stores and three Off 5th stores. Saks receives ongoing compensation from scandal plagued Household International.

Consumer watchdog organization Household Watch reminds consumers that Saks credit card operations are handled by troubled predatory lender Household International, a wholly owned subsidiary of HSBC. Household Watch states that the mix of subprime and Saks is a mismatch sure to anger Saks customers. — see more

HSBC used their Saks contract as a reference while acquiring the credit card operations of Marks & Spencer.

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2 Responses to “Household International Retailer Still Closing Stores”

  1. I am a Household customer who is on the verge of being homeless due to their actions. Although the prosecutor is currently investigating criminal actions, it may be too late. If anyone knows where I may find help, please contact me at thomasparksl@aol.com. Thank you.

  2. […] CompUSA hit by the FTC - more - Costco Disappoints - more - Marks and Spencer 50 million short - more - Guitar Center is Another Troubled Merchant - more - Rhodes Furniture in trouble - more - Saks posts another loss - more - Saks still closing stores - more - K-Mart faces SEC accusations - more - GM Woes Hurt Chevy Fans - more - Liz Claiborne clouds credit card issue - more - […]

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