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 for Z Gallerie, a leading retailer specializing in high-quality, distinctive furnishings and decorative accessories for the home. Z Gallerie operates 59 stores nationwide with sales approaching $200 million, and offers a variety of unique merchandise including furniture, artwork, lighting, tabletop, textiles and decorative accessories.
Under terms of the agreement, Alliance Data will develop and launch a new private label credit card program for Z Gallerie's stores and its customer-oriented Web site. Alliance Data will provide a comprehensive set 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 because their industry experience aligns well with our business needs," said Mike Zeiden, chief financial officer of Z Gallerie. "We provide affordable, diverse style selections for the home, which requires us to offer a wide range of merchandise through both in-store and online shopping channels. Alliance Data understands both the furniture industry and multi-channel environments. Plus, with Alliance Data's marketing tools and expertise, they will help us more effectively build and strengthen relationships with our sophisticated customer base."
"We are excited that Z Gallerie chose Alliance Data Systems to develop and manage their private label credit program," said Ivan Szeftel, president, Retail Services, Alliance Data Systems. "One of Z Gallerie's stated goals is to deliver an exceptional shopping experience to its customers. With our emphasis on customer care and carefully branded credit-marketing programs, we are looking forward to reinforcing and extending that experience through every aspect of the private label card program."
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 Z Gallerie
Z Gallerie is a unique lifestyle retailer offering a variety of high-quality and reasonably priced merchandise for the home including furniture, artwork, lighting, tabletop, textiles and decorative accessories selected from all over the world. Z Gallerie has 59 retail locations in 17 states, offering approximately 10,000 square feet of merchandise for every room in your home.
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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