Alliance Data Systems Corp. , a leading provider of transaction services, credit services and marketing services, today announced a five-year agreement to provide private label credit card services to Fortunoff, a New York retailer of fine jewelry and home furnishings. Under terms of the agreement, Alliance will assume operation of Fortunoff's current proprietary program and provide private label services for Fortunoff's retail locations throughout the New York tri-state area.
Alliance will provide Fortunoff with a full suite of services, including account acquisition and activation, receivables funding, card authorization, private label credit card issuance, statement generation, marketing services, remittance processing, and customer service functions.
"We selected Alliance Data Systems as our private label card services partner because we believe the company's credit, marketing and retail expertise will help us attract new customers and enhance our relationships with existing customers," said Louis Fortunoff, executive vice president of Fortunoff. "We believe that working with Alliance Data Systems will provide us with a significant opportunity to help further drive our sales, while at the same time build loyalty through credit marketing programs and superior customer care for our Fortunoff customers."
"We view Fortunoff, one of the premier specialty retailers in the Northeast, as a perfect client fit for us, and are pleased that they have chosen Alliance for their private label credit card needs," said Ivan Szeftel, president, retail credit services, Alliance Data Systems. "We look forward to building a successful relationship with Fortunoff, and are confident that our expertise in credit, marketing and customer service will help them continue to grow and build upon their business success."
About Alliance Data Systems
Based in Dallas, Alliance Data Systems is a leading provider of transaction services, credit services and marketing services. The company assists retail, petroleum, utility and financial services clients in managing the critical interactions between them and their customers. Alliance Data manages over 72 million consumer relationships for some of North America's most recognizable companies and operates and markets the largest coalition loyalty program in Canada. Alliance Data Systems employs approximately 6,500 associates at more than 20 locations in the United States and Canada. For more information about the company, visit its web site, www.alliancedatasystems.com.
About Fortunoff
Founded in 1922, Fortunoff has six retail stores specializing in fine jewelry and home furnishings in New York and New Jersey and a national website located at Fortunoff.com with over 25,000 items to choose from. With a selection that is unparalleled, prices that are remarkable and integrity that is legendary, Fortunoff has long established itself as a trusted name in the retail industry. Fortunoff also offers the finest Backyard stores in the spring and summer, an enchanting Christmas stores in the fall and winter and the largest Bridal Registry in the country. Visit www.fortunoff.com for more information.
Alliance Data Systems' Safe Harbor Statement/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