COLUMBUS, Ohio, May 18, 2021 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS) today announced that its Card
Services business, has signed a multi-year renewal agreement with
Signet Jewelers Limited (NYSE: SIG) to continue providing
private label credit card services. Alliance Data is a provider of
market-leading payment products and digital solutions, including
Bread® and Comenity-branded financial services, and Signet is the
world's largest retailer of diamond jewelry.
Alliance Data will continue to provide leading private label
credit card programs across Signet's Kay Jewelers, Zales, Jared and
Piercing Pagoda banners, with a broad promotional plan offering to
support customers' unique needs and preferences. Signet has also
implemented credit marketing support via Alliance Data's Enhanced
Digital Suite, which incorporates dynamic credit messaging to drive
purchase option awareness, better conversion and engagement,
supporting Signet's ability to serve customers across a connected
commerce experience.
"Alliance Data is excited to support Signet's commitment as a
leader in omnichannel retailing," said Val
Greer, chief commercial officer, Alliance Data Card
Services. "Signet is a valued client, and we are proud to
provide their customers the spending power they need for special
purchases like engagement and bridal jewelry or a gift for
themselves in a quick and seamless way, whether in person, on the
go or at home."
Alliance Data and Signet will continue to partner on data and
analytics solutions to provide advanced customer insights that
drive top-line sales. These multi-channel solutions extend brand
affinity and engagement among cardmembers by focusing on customer
life-stage marketing to drive relevant, timely offers. Alliance
Data's strong risk and underwriting prowess enables Signet to meet
the needs of their customers, offering a depth of lending that
provides customer satisfaction at every stage of the purchasing
process.
"Our partnership with Alliance Data has been instrumental in
providing data and insights that enable Signet to reach customers
with the right offer at just the right time," said Signet CEO
Virginia C. Drosos. "As we execute
our Inspiring Brilliance Strategy, Alliance Data, with its robust
underwriting strategies, will be an important partner in offering
our customers financing solutions whenever, wherever and however
they want to engage us."
About Alliance Data
Alliance
Data® (NYSE: ADS) is a leading provider of
data-driven marketing, loyalty and payment solutions serving large,
consumer-based industries. The Company creates and deploys
customized solutions that measurably change consumer behavior while
driving business growth and profitability for some of today's most
recognizable brands. Alliance Data helps its partners create and
increase customer loyalty across multiple touch points using
traditional, digital, mobile and emerging technologies. A FORTUNE
500 and S&P MidCap 400 company headquartered in Columbus, Ohio, Alliance Data consists of
businesses that together employ approximately 8,000 associates at
more than 45 locations worldwide.
Alliance Data's Card Services business is a comprehensive
provider of market-leading private label, co-brand, general purpose
and business credit card programs, digital payments,
including Bread®, and Comenity-branded financial
services. LoyaltyOne® owns and operates
the AIR MILES® Reward Program, Canada's most recognized loyalty program, and
Netherlands-based BrandLoyalty, a global
provider of tailor-made loyalty programs for grocers. More
information about Alliance Data can be found at
www.AllianceData.com.
Follow Alliance Data on Twitter, Facebook, LinkedIn,
Instagram and YouTube.
About Signet
Signet Jewelers Limited is the world's
largest retailer of diamond jewelry. As a purpose-driven and
sustainability focused company, Signet is a participant in the
United Nations Global Compact, and adheres to its principles-based
approach to responsible business. Signet is a Best Places to Work
certified™ company and has been named to the Bloomberg®
Gender Equality Index for three consecutive years. Signet operates
approximately 2,800 stores primarily under the name brands of Kay
Jewelers, Zales, Jared, H.Samuel, Ernest
Jones, Peoples, Piercing
Pagoda, and JamesAllen.com. Further information on Signet
is available at www.signetjewelers.com.
Forward Looking Statements
This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements give our expectations or
forecasts of future events and can generally be identified by the
use of words such as "believe," "expect," "anticipate," "estimate,"
"intend," "project," "plan," "likely," "may," "should" or other
words or phrases of similar import. Similarly, statements that
describe our business strategy, outlook, objectives, plans,
intentions or goals also are forward-looking statements. Examples
of forward-looking statements include, but are not limited to,
statements we make regarding, and the guidance we give with respect
to, our anticipated operating or financial results, initiation or
completion of strategic initiatives including the proposed spinoff
of our LoyaltyOne segment, future dividend declarations, and future
economic conditions, including, but not limited to, fluctuation in
currency exchange rates, market conditions and COVID-19 impacts
related to relief measures for impacted borrowers and depositors,
labor shortages due to quarantine, reduction in demand from
clients, supply chain disruption for our reward suppliers and
disruptions in the airline or travel industries.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section in our Annual Report
on Form 10-K for the most recently ended fiscal year, which may be
updated in Item 1A of, or elsewhere in, our Quarterly Reports on
Form 10-Q filed for periods subsequent to such Form 10-K. Our
forward-looking statements speak only as of the date made, and we
undertake no obligation, other than as required by applicable law,
to update or revise any forward-looking statements, whether as a
result of new information, subsequent events, anticipated or
unanticipated circumstances or otherwise.
Contacts:
Alliance Data
Brian
Vereb – Investor Relations
614-528-4516
brian.vereb@alliancedata.com
Shelley Whiddon – Media
214-494-3811
shelley.whiddon@alliancedata.com
Rachel Stultz – Media
614-729-4890
rachel.stultz@alliancedata.com
Signet Jewelers
Vinnie
Sinisi – Investor Relations
330-665-6530
vincent.sinisi@signetjewelers.com
Colleen Rooney – Media
330-668-5932
colleen.rooney@signetjewelers.com
David Bouffard – Media
330-668-5369
david.bouffard@signetjewelers.com
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SOURCE Alliance Data Systems Corporation