Tractor Supply Company And Citi Retail Services Announce Extension Of Credit Card Program

Multi-Year Agreement for Private Label Cards Builds on 15-year Relationship

Jul 09, 2015, 12:16 ET from Citigroup

BRENTWOOD, Tenn., and ATLANTA, July 9, 2015 /PRNewswire/ -- Tractor Supply Company, America's largest operator of rural lifestyle retail stores, and Citi Retail Services, one of the country's largest and most experienced private label credit card issuers, announced today a multi-year extension of their credit card relationship.

"With a relationship dating back to 2000, this partnership continues to provide exceptional value for Tractor Supply Company and its customers," said Craig Vallorano, Managing Director for Business Development and Strategy for Citi. "This extension deepens that relationship, positioning us to more actively support Tractor Supply's retail growth through further integration with their key marketing initiatives."

"Citi has been a valued partner for Tractor Supply for many years, and we are pleased to continue this relationship," said Jay Victory, Vice President of Finance for Tractor Supply. "We appreciate Citi's strong support for our growth initiatives and believe that this partnership will allow Tractor Supply to better serve our customers through improved customer insights and by providing affordable financing programs."

Tractor Supply is the leading rural lifestyle retail store chain with over 1,400 retail stores in 49 states and annual revenues of approximately $5.7 billion. Founded in 1938 as a mail order tractor parts business, the Company now employs more than 21,000 team members and is focused on being the most dependable supplier of basic maintenance products for home, land, pet and animal owners.  

Citi's extension with Tractor Supply follows recently announced new relationships with Brooks Brothers, Volkswagen USA and CNH Industrial as well as five additional contract renewals in the last eight months. 

Citi Retail Services provides consumer and commercial credit card products, both private label and co-branded, to retailers and their clients across North America. The business serves nearly 90 million accounts for a number of iconic brands, including Best Buy, ExxonMobil, Macy's, Sears, Shell, The Home Depot and Tractor Supply Company. In addition to credit services, Citi Retail Services distinguishes itself by offering cutting-edge digital options, multi-channel retailing expertise and industry-leading analytics capabilities that help retailers grow their businesses.

About Tractor Supply:  At March 28, 2015, Tractor Supply Company (NASDAQ: TSCO) operated 1,422 stores in 49 states. The Company's stores are focused on supplying the lifestyle needs of recreational farmers and ranchers and others who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located primarily in towns outlying major metropolitan markets and in rural communities. The Company offers the following comprehensive selection of merchandise: (1) equine, livestock, pet and small animal products, including items necessary for their health, care, growth and containment; (2) hardware, truck, towing and tool products; (3) seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; (4) work/recreational clothing and footwear; and (5) maintenance products for agricultural and rural use.

About Citi: Citi (NYSE: C), 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 Contacts: Tractor Supply Company: Alecia Pulman/Brittany Rae Fraser, ICR, (203) 682-8200 Citi: Janis Tarter, Janis.tarter@citi.com or (415) 658-4256

SOURCE Citigroup



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