COLUMBUS, Ohio, Jan. 27, 2022 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS), a leading provider of tech-forward
payment and lending solutions, today announced a long-term renewal
agreement to continue providing private label and co-brand credit
card services for Ulta Beauty, Inc., the largest U.S. beauty
retailer.
Selling over 25,000 products at more than 1,300 stores and
ulta.com, Ulta Beauty is an omnichannel retail leader focused on
providing connected, convenient guest experiences across digital
and physical touchpoints. The Ultamate Rewards credit card is
designed to enhance the benefits of the popular Ultamate Rewards
loyalty program and ultimately increase engagement and spend among
the 36 million loyalty members.
"We are thrilled to continue our relationship to build upon the
momentum of a highly successful program with a strong retail
leader," said Val Greer, executive
vice president and chief commercial officer, Alliance Data. "Ulta
Beauty is dedicated to meeting its guests wherever they are as a
leading omnichannel retailer. We look forward to helping Ulta
Beauty continue evolving and to further unlock the potential of its
diverse, growing customer base, including Gen Z consumers who
expect simplified access to finance products."
Through this partnership, Ulta Beauty will continue to leverage
Alliance Data's full product suite, digital capabilities, lifecycle
marketing, and data and analytics to provide thoughtful,
personalized and integrated guest experiences based on changing
needs across channels. Ulta Beauty will also implement Alliance
Data's new Enhanced Digital Suite which incorporates dynamic
messaging to drive awareness of available payment options including
co-brand, private label and buy now, pay later for increased
conversion and spend.
"Ultamate Rewards cardmembers are some of our most passionate,
loyal guests and Alliance Data's rich insights and products allow
us to maximize our relationships with them by offering the right
product at the right time on their individual shopping journeys,"
said Kelly Mahoney, vice president
of member marketing, Ulta Beauty. "Our continued partnership allows
us to continue driving breakthrough growth with evolved omnichannel
efforts, while providing new ways to delight our guests."
About Alliance Data
Alliance
Data® (NYSE: ADS) is a leading provider of
tech-forward payment and lending solutions, serving customers and
consumer-based industries in North
America. Through omnichannel touch points and a
comprehensive product suite that includes credit products and
Bread® digital payment solutions, Alliance Data
helps its partners drive loyalty and growth, while giving customers
greater payment choices. Through its Comenity-branded financial
services, it also offers credit and savings products to
consumers.
Headquartered in Columbus,
Ohio, Alliance Data is an S&P MidCap 400 company that
employs approximately 6,000 associates worldwide. In November 2021, Alliance Data completed the
spinoff of its LoyaltyOne segment, which included the Canadian AIR
MILES® Reward Program, and Netherlands-based BrandLoyalty. The company is
now known as Loyalty Ventures Inc. (Nasdaq: LYLT).
More information about Alliance Data can be found
at AllianceData.com. Follow Alliance Data on Twitter,
Facebook, LinkedIn, Instagram and YouTube.
Forward Looking Statement
This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements give our expectations or
forecasts of future events and can generally be identified by the
use of words such as "believe," "expect," "anticipate," "estimate,"
"intend," "project," "plan," "likely," "may," "should" or other
words or phrases of similar import. Similarly, statements that
describe our business strategy, outlook, objectives, plans,
intentions or goals also are forward-looking statements. Examples
of forward-looking statements include, but are not limited to,
statements we make regarding, and the guidance we give with respect
to, our anticipated operating or financial results, initiation or
completion of strategic initiatives including our ability to
realize the intended benefits of the spinoff of our LoyaltyOne
segment, future dividend declarations, and future economic
conditions, including, but not limited to, market conditions and
COVID-19 impacts related to relief measures for impacted borrowers
and depositors, labor shortages due to quarantine, and reduction in
demand from clients.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section in our Annual Report
on Form 10-K for the most recently ended fiscal year, which may be
updated in Item 1A of, or elsewhere in, our Quarterly Reports on
Form 10-Q filed for periods subsequent to such Form 10-K. Our
forward-looking statements speak only as of the date made, and we
undertake no obligation, other than as required by applicable law,
to update or revise any forward-looking statements, whether as a
result of new information, subsequent events, anticipated or
unanticipated circumstances or otherwise.
Contacts:
Alliance Data
Brian
Vereb – Investor Relations
614-528-4516
Brian.Vereb@alliancedata.com
Rachel Stultz – Media
614-729-4890
rachel.stultz@alliancedata.com
Ulta Beauty
Eileen
Ziesemer – Media
708-305-4479
EZiesemer@ulta.com
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SOURCE Alliance Data Systems Corporation