Alliance Data Systems Corp. , a leading provider of transaction services, credit services and marketing services, today announced that it has signed a seven-year renewal agreement to provide private label credit card services for J. Crew, a leading retailer of men's and women's apparel, shoes and accessories. Under terms of the agreement, Alliance Data will continue its decade-long relationship with J. Crew, providing an integrated private label credit card program for J. Crew's multi-channel business operations, which include 157 retail stores and 42 factory stores nationwide, its website (http://www.jcrew.com/) and its catalog operations.
Alliance will provide J. Crew with a comprehensive set of services, including customer service functions, account acquisition and activation, receivables funding, card authorization, private label credit card issuance, statement generation, remittance processing, and marketing and loyalty services. J. Crew will continue its use of Alliance Data's Quick Credit(TM) product, which ensures that qualified customers can receive a credit approval in less than 30 seconds, whether they apply in-store, via catalog or on the Web.
"We are pleased to continue working with Alliance Data Systems for our private label credit card program because they have demonstrated an ability to service our customers with the same level of quality our own associates would offer in-house," said Roxane Al-Fayez, executive vice president of J. Crew Group, Inc. "We believe this best-practice approach leads to a partnership that enhances the J. Crew brand and creates a strong platform as we develop our new loyalty program."
"We are pleased to continue our existing long-term relationship with J. Crew, especially since they are committed to making their card program a focal point for loyalty," said Ivan Szeftel, president, retail credit services, Alliance Data Systems. "By looking at their private label credit card program as a strategic relationship tool, J. Crew is giving itself a vehicle to make more frequent, personalized contact with its customers."
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 approximately 95 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 7,500 associates at more than 30 locations in the United States and Canada. For more information about the company, visit its web site, http://www.alliancedatasystems.com/ .
About J. Crew
J. Crew Group, Inc. is a leading retailer of men's and women's apparel, shoes and accessories. The Company operates 157 retail stores, the J. Crew catalog business, jcrew.com, and 42 factory outlet stores.
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If one or more of these or other risks or uncertainties 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 news 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.