BrandSource and Citi Retail Services Extend Consumer Credit Relationship

TUSTIN, Calif. and ATLANTA, March 31, 2015 /PRNewswire/ -- BrandSource, one of the largest buying groups in the United States, and Citi Retail Services, one of the country's largest and most experienced private label credit card issuers, today announced a long-term agreement to extend their consumer credit card relationship. Under the agreement, Citi will continue to provide unique customer value propositions and fully integrated marketing programs to drive increased sales and loyalty for BrandSource.

"By extending our contract with Citi and further deepening our relationship, we will help drive more business to our members' stores and grow sales," said BrandSource CEO Jim Ristow.

"Over the past three years, we have developed a compelling value proposition for BrandSource's network of member dealers to give them a significant competitive edge and ultimately deepen relationships with our mutual customers," said Craig Vallorano, Citi Retail Services' Managing Director for Business Development and Strategy.  "With our shared commitment to growth, and through the extension of our partnership, we will continue to enhance our program to deliver against our collective objectives, and drive greater customer satisfaction."

The BrandSource Credit Card program, launched in 2012, provides customer financing for purchases at more than 4,500 locally-owned BrandSource retailers across the United States. The card provides BrandSource customers with special rebates and offers, no interest financing options and a simple application process, including in-store credit approval. Additional product information is available at local BrandSource dealerships or by visiting www.brandsource.com.

Citi Retail Services provides consumer and commercial credit card products, both private label and co-branded, to national and regional retailers and their customers across the U.S. It also provides retail industry expertise, including transaction data analytics, and fully integrated marketing and loyalty programs. Since January 2013, it has renewed eight contracts with existing partners and added six new relationships. The business services nearly 90 million accounts for a number of iconic brands, including The Home Depot, Best Buy, ExxonMobil, Macy's, Sears and Shell.

About BrandSource 
BrandSource, one of the largest buying groups in the United States, provides low prices, large selection and exceptional, personalized service on appliances, electronics, bedding, home furnishings, and floor covering to millions of shoppers. With more than 4,500 locally-owned BrandSource retailers across the country, the group combines the purchases of all member stores, which gives it $11 billion in buying power and enables it to provide the best value every day. Additional information is available at www.brandsource.com.

About Citi 
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Media Contact:  
Citi:  Janis Tarter, (415) 658-4256, [email protected]

SOURCE Citigroup Inc.

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