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Alliance Data Systems (ADS) said Wednesday that it has renewed a long-term agreement to provide private-label credit cards for retailer Gardner-White Furniture.
May 30 -
Alliance Data Systems (ADS) has agreed to buy the existing private-label credit card portfolio of jewelry retailer Premier Designs.
April 12 -
Alliance Data Systems (ADS) has renewed a long-term agreement to manage the private-label credit card program for luxury goods retailer Little Switzerland, according to an announcement Tuesday.
March 27
Alliance Data Systems (ADS) in Dallas announced Tuesday that it is buying the credit card portfolio of the retailer Bon-Ton Stores.
Alliance is set to take over the management of Bon-Ton's portfolio from HSBC Bank later this month and the acquisition would give the company full control over the retailer's $475 million in card assets.
"We are privileged to be a collaborative partner to The Bon-Ton Stores, and look forward to helping them meet their sales and growth goals," Melissa Miller, the president of Alliance Data Retail Services, said in a news release.
Bon-Ton operates 272 stores, under several brand names, in 23 states across the Northeast, Midwest and Upper Great Plains.
Alliance did not disclose how much it is paying Bon-Ton for the portfolio, saying only that it is "consistent with industry norms." The sale is expected to close next quarter.
The deal would be the latest in a string of acquisitions or marketing agreements Alliance has recently announced. Over the last few months, the company has announced that it was
