Alliance Data Systems Corp. , a leading provider of transaction services, marketing services and credit services, today announced the signing of a multi-year contract extension with The Dress Barn, Inc. . Alliance Data will continue providing a full-service private label credit card program for Dress Barn, a specialty retailer offering career and casual women's fashions, with more than 750 store locations nationwide.
Under terms of the renewed agreement, Alliance Data will provide turnkey private label credit card services that include account acquisition and activation; receivables funding; card authorization; private label credit card issuance; statement generation; remittance processing; customer service functions; and credit marketing support.
"We are pleased with the performance of our Dress Barn card program, particularly since we've acquired new customers, developed stronger relationships with our existing customers, and have enjoyed strong card sales and customer loyalty," said Armand Correia, senior vice president and chief financial officer, The Dress Barn, Inc. "We look forward to continued success with the program and in extending our relationship with Alliance Data Systems."
"Dress Barn is a valued client of Alliance Data Systems, and we are pleased that the private label services we've been providing have led to such positive results for their business," said Ivan Szeftel, president, Retail Services, Alliance Data Systems. "We look forward to building on this relationship and continuing to assist Dress Barn in achieving growth in their credit business, and strengthening customer loyalty."
About Alliance Data Systems
Based in Dallas, Alliance Data Systems is a leading provider of transaction services, credit services and marketing services, assisting retail, petroleum, utility and financial services companies in managing the critical interactions between them and their customers. Alliance Data each year manages over 2.7 billion transactions and 72 million consumer accounts for some of North America's most recognizable companies. The Company also operates and markets the largest coalition loyalty program in Canada. Alliance Data Systems employs over 6,500 associates at more than 20 locations in the United States, Canada and New Zealand. For more information about the company, visit its web site, http://www.alliancedatasystems.com/.
About The Dress Barn, Inc.
The Dress Barn, Inc. , one of the nation's leading specialty store chains offering quality career and casual fashions at value-prices is celebrating its 40th anniversary. Since opening its first store in 1962, in Stamford, Connecticut, The Dress Barn has thrived and now operates over 750 retail locations in 43 states. The Dress Barn serves both misses and woman size customers, and has introduced a petite department in 145 of its stores. In addition, over 300 of their retail locations now carry shoes. The Dress Barn, Inc. launched its private label credit card over eight years ago and now has 1.8 million cardholders. For more information about the company, visit http://www.dressbarn.com/.
Alliance Data Systems' Forward-Looking Statements
Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Litigation Reform Act. Such statements may use words such as "anticipate," "believe," "estimate," "expect," "intend," "predict," "project" and similar expressions as they relate to Alliance Data Systems or our management. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions including the risks discussed in our filings with the Securities and Exchange Commission. If one or more of these risks materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this press release reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
Alliance Data Systems Corp.