Alliance Data Systems Corporation, a leading provider of loyalty and marketing solutions derived from transaction-rich data, announced it has signed a new, long-term agreement to provide private label credit card services to J.Jill, a leading multichannel fashion retailer of women's apparel, accessories, and footwear. Headquartered in Quincy, Mass., J.Jill has more than 200 retail stores nationwide and strong catalog and web businesses.
Under terms of the agreement, Alliance Data will provide private label credit card services for the J.Jill credit card, including account acquisition and activation, receivables funding, card authorization, private label credit card issuance, statement generation, remittance processing, customer service functions, and marketing services.
Additionally, Alliance Data purchased J.Jill's existing file of private label credit card accounts, acquiring a moderate size portfolio in the $50 million range, consistent with the average portfolio size of Alliance Data's existing client base. Details of the purchase price were not disclosed, other than to note it is well within norms of the industry. The acquired file carries only a modest level of delinquencies and, as such, Alliance Data believes that its performance will be consistent with traditional expectations. Additionally, all new private label accounts will be consistent with Alliance Data's traditional credit quality standards. The transaction closed on February 18, 2011.
"Our customers are busy women who look to J.Jill for a simple way to dress with style; and for an easy shopping experience," said Hilary Chasin, chief marketing officer at J.Jill. "With the J.Jill credit card program we are able to meet her expectations and give her an enhanced brand experience that allows her value, simplicity, and exclusive member benefits. We look forward to further developing our private label credit card program around our customer's needs and expectations with the support of Alliance Data."
"J.Jill's customers are sophisticated shoppers, and we're pleased to partner with this dynamic brand, which has built a core base of loyal customers through all facets of its multichannel business model," said Ivan Szeftel, president of Retail Services for Alliance Data. "With our extensive cross-channel retail expertise, combined with our unique ability to leverage consumer insights to drive profitability, we're fully prepared to deliver an advanced credit and marketing solution for J.Jill. We look forward to being a collaborative partner in helping them better target and engage their customers with the brand, as well as achieve their sales and growth goals."
Alliance Data Systems Corporation
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