Ascena appoints senior VP
Suffern, N.Y. — Ascena Retail Group said that Jay S. Levine has been appointed senior VP, chief accounting officer and corporate controller of Ascena Retail Group with responsibilities for SEC reporting, financial planning and analysis, internal controls and corporate taxes.
Ascena operates 2,478 stores under its, Dressbarn, Maurices and Justice banners.
Furniture First selects TD Retail Card Services for private label credit services
Mahwah, N.J. — TD Retail Card Services announced that it has been selected as a preferred provider of private label credit services for members of Furniture First, a home furnishings and mattress purchasing cooperative with more than 175 retail furniture dealers operating over 360 locations nationwide.
Under the agreement, the Mahwah, N.J-based business unit of TD Bank, N.A., will offer a full range of private label credit products and services, custom financing options and special benefits to participating members of the co-op.
“The selection of TD Retail Card Services as a recommended provider followed a seven-store test in which our participating members saw stellar results in terms of consumer approval rates, credit limits granted and enhancements to their average sale,” said Bill Hartman, president of Furniture First, Harrisburg, Pa.
VeriFone and Hypercom in deal to sell Hypercom’s U.S. payment systems business
San Jose, Calif. — VeriFone Systems and Hypercom Corp. announced that they have reached an agreement to sell the U.S. payment systems business of Hypercom to Ingenico S.A.
The transaction is expected to close immediately prior to completion of VeriFone’s acquisition of Hypercom, which is expected to occur in the second half of 2011, subject to certain closing conditions.
The sale is part of the contemplated divestiture previously announced by VeriFone in connection with its proposed acquisition of Hypercom. The agreement marks an important milestone in the path to the completion of Hypercom’s merger transaction with VeriFone.