Nordstrom and Kohl’s in trouble as cash-strapped Americans fail to settle debts & other retailers forced to close stores ...Middle East

NORDSTROM and Kohl’s are in hot water as soaring interest rates have prevented customers from paying off credit card debts. Both retailers rely heavily on their store credit cards which now have interest rates as high as 30 percent. GettySoaring interest rates are putting department stores in trouble as customers cannot pay off their credit card debts[/caption] GettyNordstrom and Kohl’s offer store cards that some shoppers are using to rack up bill that can’t be paid off[/caption] GettyMacy’s has had to write off balances on store credit cards with bosses warning in a call that[/caption] Retail sales in some brick-and-mortar stores have been plummeting as consumers turn to onl

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