DALLAS, Feb. 4, 2016 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS), a leading global provider of
data-driven marketing and loyalty solutions, today announced its
Columbus, Ohio-based card services
business, a premier provider of branded private label, co-brand and
commercial credit programs, has signed a new long-term agreement to
provide private label credit card services for Boscov's
Department Store, LLC. Based in Reading,
Pennsylvania, Boscov's is the largest family-owned
department store chain in the U.S., operating 44 stores throughout
seven mid-Atlantic states and an online store (www.boscovs.com),
providing a wide variety of brand-name apparel, footwear,
cosmetics, jewelry and merchandise for the home.
Alliance Data's industry-leading, data-driven marketing tools
will deliver custom analytics and insights for Boscov's, increasing
cardmember engagement and generating incremental sales. Boscov's
will leverage Alliance Data's MyLoyalty App capabilities to
support individualized customer engagement and increase value to
cardmembers. The MyLoyalty App will be customized for a
brand-immersive experience giving customers the ability to apply,
earn and connect with Boscov's.
In addition, Alliance Data has signed an agreement to purchase
the existing Boscov's portfolio of private label credit card
accounts, subject to customary closing conditions. The portfolio
has a size of approximately $200
million. Alliance Data believes that the performance of the
Boscov's credit card portfolio, once acquired, will be consistent
with its overall private-label credit card portfolio, and all new
private label credit card accounts will be consistent with Alliance
Data's credit quality standards. Closing of the portfolio purchase
is expected in Q1 2016.
"For more than 100 years, Boscov's has been the department store
of choice in the communities we serve, delivering value through our
broad selection of quality merchandise, great pricing and
exceptional customer service. We are confident we can further
enrich the customer experience through an enhanced credit card
program with Alliance Data," said Toni M.
Miller, senior executive vice president, chief
administrative officer and chief financial officer of Boscov's.
"Through this new partnership, we look forward to leveraging
Alliance Data's customer-centric retail heritage and proven credit
and marketing tools to build even greater customer loyalty."
Alliance Data will work with Boscov's to enhance the card
program's features designed to recognize and reward cardmembers.
The industry-leading value proposition will drive brand loyalty by
rewarding cardmembers with benefits such as a first-purchase
discount, exclusive savings and special events. Additionally, for
every purchase through the multi-tiered Boscov's B Rewarded
program, consumers will be rewarded with rewards point certificates
redeemable on future purchases.
"We are excited to begin our partnership with Boscov's, a
beloved brand with a history of success and a like-minded approach
to customer care and community giving," said Melisa Miller, president of Alliance Data's card
services business. "Together we will elevate their outstanding
credit program by enriching the value proposition to strengthen
meaningful customer relationships, grow sales and extend brand
loyalty."
About Boscov's
Boscov's is the largest, privately held
family-owned Department Store in the United
States with sales in excess of a billion dollars. With 44
stores in Pennsylvania, New York, New
Jersey, Maryland, Ohio,
Connecticut and Delaware, as well as an online store
(www.boscovs.com), Boscov's has been known for offering customers a
broad selection of quality merchandise, honest pricing and superior
service. Boscov's is unique in that it is committed to the
communities it serves and has a long distinguished history of civic
and charitable activities. Boscov's online store serves consumers
across the country.
About Alliance Data's card services business
Alliance
Data's card services business is a leading provider of tailored
marketing and loyalty solutions, delivered through branded credit
programs that drive more profitable relationships between our brand
partners and their cardmembers. We offer private label, co-brand,
and commercial products to many of the world's most recognizable
brands across a multitude of channels.
We uphold our Know more. Sell more.® promise by
leveraging unmatched customer insights, advanced analytics, and
broad-reaching innovative capabilities. It's how we deliver
increased sales to our partners, build enduring loyalty to their
brands, and provide more value to our cardmembers. Alliance Data's
card services business is a proud part of the Alliance Data
enterprise. To learn more, visit www.knowmoresellmore.com or follow
us on Twitter @Know_SellMore.
About Alliance Data
Alliance Data®
(NYSE: ADS) is a leading global provider of data-driven marketing
and loyalty solutions serving large, consumer-based industries. The
Company creates and deploys customized solutions, enhancing the
critical customer marketing experience; the result is measurably
changing consumer behavior while driving business growth and
profitability for some of today's most recognizable brands.
Alliance Data helps its clients create and increase customer
loyalty through solutions that engage millions of customers each
day across multiple touch points using traditional, digital, mobile
and emerging technologies. An S&P 500 and Fortune 500 company
headquartered in Plano, Texas,
Alliance Data consists of three businesses that together employ
more than 16,000 associates at approximately 100 locations
worldwide.
Alliance Data's card services business is a leading provider of
marketing-driven branded credit card programs. Epsilon®
is a leading provider of multichannel, data-driven technologies and
marketing services, and also includes Conversant®, a
leader in personalized digital marketing. LoyaltyOne®
owns and operates the AIR MILES® Reward Program,
Canada's premier coalition loyalty
program, and holds a majority interest in Netherlands-based BrandLoyalty, a global
provider of tailor-made loyalty programs for grocers.
Follow Alliance Data on Twitter, Facebook, LinkedIn and
YouTube.
Forward-Looking Statements
This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements give our expectations or
forecasts of future events and can generally be identified by the
use of words such as "believe," "expect," "anticipate," "estimate,"
"intend," "project," "plan," "likely," "may," "should" or other
words or phrases of similar import. Similarly, statements that
describe our business strategy, outlook, objectives, plans,
intentions or goals also are forward-looking statements. Examples
of forward-looking statements include, but are not limited to,
statements we make regarding the expected performance of an
acquired credit card portfolio.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section in our Annual Report
on Form 10-K for the most recently ended fiscal year, which may be
updated in Item 1A of, or elsewhere in, our Quarterly Reports on
Form 10-Q filed for periods subsequent to such Form 10-K.
Our forward-looking statements speak only as of the date made,
and we undertake no obligation, other than as required by
applicable law, to update or revise any forward-looking statements,
whether as a result of new information, subsequent events,
anticipated or unanticipated circumstances or otherwise.
Contact:
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Alliance
Data
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Boscov's
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Tiffany Louder –
Investor Relations
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Toni
Miller
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214-494-3048
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610-370-3440
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tiffany.louder@alliancedata.com
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tonimiller@boscovs.com
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Steve
Calk
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FTI
Consulting
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212-850-5611
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alliancedata@fticonsulting.com
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Shelley Whiddon –
Media
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214-494-3811
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shelley.whiddon@alliancedata.com
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SOURCE Alliance Data Systems Corporation