DALLAS, June 22 /PRNewswire-FirstCall/ -- Alliance Data Systems
Corporation (NYSE: ADS), a leading provider of transaction services, credit
services and marketing services, today announced that it has signed a
five-year agreement to provide private label credit card services for
Bealls Outlet Stores, Inc. and Burke's Outlet Stores, Inc. With annual
combined sales of $600 million, Bealls Outlet Stores and Burke's Outlet
Stores have a total of more than 500 stores in 14 states and are leading
retailers of value priced apparel and accessories, as well as home
furnishings. The stores feature apparel and footwear for the entire family,
with an everyday low price format emphasizing name brands priced far below
department store prices. The retail chain operates as Bealls Outlet stores
in Arizona, Florida, and Georgia. The Burke's Outlet name is used in North
Carolina, South Carolina, Tennessee, Alabama, Mississippi, Louisiana,
Arkansas, Texas, New Mexico, Nevada and California. A rapid expansion is
underway with plans to open at least 40 new stores within the next 12
(Logo: http://www.newscom.com/cgi-bin/prnh/20051024/ADSLOGO )
Under terms of the agreement, Alliance Data will provide turnkey
private label credit card services including account acquisition and
activation; receivables funding; card authorization; private label credit
card issuance; statement generation; remittance processing; customer
service functions; and marketing services.
Paul Galizia, president of Bealls Outlet Stores and Burke's Outlet
Stores, said, "We view customer loyalty programs as a core component of our
brand and marketing strategy, and a key driver of sales. We selected
Alliance Data to provide our private label credit card services because
their integrated credit and marketing solution is driven by consumer
insights, resulting in customer relationships that are stronger and more
profitable. In choosing Alliance Data, we have selected a proven partner
whose credit and marketing tools, coupled with their extensive retail
expertise, will help support our aggressive growth goals."
"We are pleased to join in a partnership with Bealls Outlet Stores and
Burke's Outlet Stores, to help them meet their aggressive growth targets,"
said Ivan Szeftel, president of Retail Services for Alliance Data. "Both
Bealls and Burke's have a very consumer-focused approach to their business,
which aligns closely with Alliance Data's approach of leveraging consumer
insight to drive sales and increase customer loyalty. Through this private
label credit card program, we look forward to helping further cultivate
both retail brands and extend their market reach as they continue to grow."
About Bealls Outlet Stores, Inc.
Bealls Outlet Stores and Burke's Outlet Stores are a division of
Beall's Inc. Headquartered in Bradenton, FL where it was founded in 1915,
the corporation is family and employee owned. Beall's Inc. consists of 80
department stores in the state of Florida, and 500 outlet locations.
Further information may be accessed at http://www.beallsinc.com.
About Alliance Data
Alliance Data (NYSE: ADS) is a leading provider of transaction
services, credit services and marketing services, managing over 105 million
consumer relationships for some of North America's most recognizable
companies. Alliance Data creates and manages customized solutions that
change consumer behavior and that enable its clients to build stronger,
mutually beneficial relationships with their customers. Headquartered in
Dallas, Alliance Data employs approximately 8,000 associates at more than
40 locations worldwide. For more information about the company, visit its
web site, http://www.AllianceDataSystems.com.
Alliance Data's Safe Harbor Statement/Forward Looking Statements
This release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Such statements may use
words such as "anticipate," "believe," "estimate," "expect," "intend,"
"predict," "project" and similar expressions as they relate to us or our
management. When we make forward-looking statements, we are basing them on
our management's beliefs and assumptions, using information currently
available to us. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, these forward-looking statements
are subject to risks, uncertainties and assumptions, including those
discussed in our filings with the Securities and Exchange Commission.
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.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Alliance Data
Systems Corporation's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For a
discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking statements,
see "Risk Factors" in the Company's Annual Report on Form 10-K for the most
recently ended fiscal year.
SOURCE Alliance Data