Pier 1 Imports (PIR) Announces Long-Term Private-Label Credit Agreement with Alliance Data (ADS)
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Overall Analyst Rating:
BUY (
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Revenue Growth %: +15.7%
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Pier 1 Imports, Inc. (NYSE: PIR) announced today that it has, through a subsidiary, signed a new, long-term private-label credit card agreement with Alliance Data (NYSE: ADS).
Under terms of the new agreement, Alliance Data, through its bank subsidiary, will provide end-to-end private-label credit card services from account acquisition to multichannel marketing and customer service for Pier 1 Imports.
Alliance Data expects the program portfolio to be in the $120 million range by the end of 2012.
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Under terms of the new agreement, Alliance Data, through its bank subsidiary, will provide end-to-end private-label credit card services from account acquisition to multichannel marketing and customer service for Pier 1 Imports.
Alliance Data expects the program portfolio to be in the $120 million range by the end of 2012.
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