Target shoppers have been putting more items on their Red Cards, but lately, even more of them aren't paying.
• August delinquencies: $627.4 million
• Increase from July: $50. 5 million
• Net amount Target wrote off: $68.7 million
• Increase from July: $6.2 million
• Write-offs as a percent of receivables: 9.86 percent
Source: Target Corp.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
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