Alliance Data inks 10-year contract renewal with Goody's

04 Apr '06

2 min read

Alliance Data Systems Corporation has signed a 10-year contract renewal and expanded agreement with Goody's, a leading retailer of women's, men's and children's fashions and accessories.

Under terms of the agreement, Alliance Data will continue to provide private label credit card services, and through the expanded agreement, will now provide an integrated co-brand credit card program and corresponding program servicing.

The new co-brand program will complement Goody's existing integrated private label credit card program, which Alliance Data has provided since 1999. Goody's operates more than 380 retail locations nationwide with online and in-store revenue of more than $1.2 billion in 2005.

The co-brand credit card program will complement the retailer's existing private label credit card program, providing select customer segments with an alternate card choice for making purchases.

Carmen Monaco, Executive VP of marketing/Chief Marketing Officer for Goody's, said, "Renewing our agreement and expanding our relationship with Alliance Data is one pillar in our strategic plan."

"Over the course of our 7-year partnership, we have benefited from Alliance Data's significant industry expertise and flexible credit and marketing services to help us grow our business," he said.

"We are delighted to expand our relationship with Goody's and believe this agreement reflects their confidence in Alliance Data's suite of integrated credit and marketing-based solutions," said Ivan Szeftel, President of Retail Services.

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