Zale Corporation Selects TD Retail Card Services to Run Private Label Credit Card Program for Canadian Business

Jun 03, 2010, 09:35 ET from TD Retail Card Services

MAHWAH, N.J., June 3 /PRNewswire/ -- TD Retail Card Services today announced that it has been selected by Zale Corporation (NYSE: ZLC) to administer the private label credit card program for the retailer's 216 stores in Canada, effective July 1, 2010.

Under the five-year agreement, the Mahwah, N.J.-based business unit of TD will direct all facets of the private label credit card program for Zale's 147 Peoples Jewellers stores and 69 Mappins Jewellers locations across Canada. The program replaces the Company's existing agreement with Citi Cards Canada Inc. that expires on June 30.

Branded under the Peoples and Mappins names, the cards will offer Canadian consumers a number of financing options, including interest-free and no-payment offerings.  In addition, the cards can be used interchangeably between Peoples and Mappins.

Peoples, Canada's diamond store since 1919, ranks as Canada's largest fine jewelry retailer and operates in malls stretching from the Maritimes to British Columbia.  Mappins, which was founded in 1935, today operates in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, and Prince Edward Island.  

About TD Retail Card Services

Based in Mahwah, N.J., TD Retail Card Services (formerly Shoppers Charge Accounts Co.) ranks among the nation's largest private label credit card companies.  A unit of TD Bank, N.A., the company launches and administers new credit card portfolios for brick-and-mortar, internet and catalog merchants, and acquires retailers' existing credit card portfolios.  For more information, visit www.TDRetailCardServices.com.

About Zale Corporation

Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,900 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale Corporation's brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Zale also operates online at www.zales.com, www.zalesoutlet.com and www.gordonsjewelers.com. Additional information on Zale Corporation and its brands is available at www.zalecorp.com.

SOURCE TD Retail Card Services



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