ADS - ADS STOCK NEWS

Alliance Data Systems Corporation (NYSE: ADS) announced its participation in the Wolfe Research FinTech Conference on March 10, 2021. Val Greer and Tim King, executives from the company, will engage in a virtual fireside chat at 9:20 a.m. EST. The event will be broadcast live on the company's website with a replay available post-presentation. Alliance Data, headquartered in Columbus, Ohio, specializes in data-driven marketing, loyalty, and payment solutions, serving major consumer industries.

On February 25, 2021, Alliance Data Systems Corporation (NYSE: ADS) announced a partnership with Victoria's Secret (NYSE: LB) to reissue an enhanced private label credit card. This new card features contactless mobile payments via Apple Pay and improved security options. The initiative aims to enhance customer experience with innovative digital features and rewards, fostering brand engagement. The card also offers transaction alerts and control options to increase cardmember security and convenience, marking a significant upgrade in private label credit offerings.

Alliance Data Systems Corporation (NYSE: ADS) is set to host a virtual investor event on May 18, 2021. This event will feature presentations from Ralph Andretta, the president and CEO, along with the executive leadership team. They will discuss the company's three-year strategic plan, financial targets, and engage in a Q&A session with analysts and investors. The detailed agenda and registration link will be shared closer to the event date. Alliance Data is a leading provider of marketing, loyalty, and payment solutions headquartered in Columbus, Ohio.

Alliance Data Systems Corporation (NYSE: ADS) provided a performance update for its Card Services segment on February 16, 2021. As of January 31, 2021, the company's end-of-period receivables stood at $16.17 billion, with an average of $16.19 billion, reflecting a 14% decrease year-over-year. Net charge-offs amounted to $62.07 million, representing 4.6% of average receivables, compared to 7.2% for January 2020. The delinquency rate improved to 4.3% from 6.0% a year earlier.

Alliance Data Systems Corporation (NYSE: ADS) will participate in the KBW Virtual Fintech Payments Conference on February 23, 2021. Key executives, including Ralph Andretta and Tammy McConnaughey, will present at 11:20 a.m. EST. Following their presentation, a fireside chat with Tim King will take place. The event will be streamed live, with a replay available for 90 days. Alliance Data is recognized for its data-driven marketing and payment solutions, serving various consumer sectors.

Alliance Data Systems Corporation (NYSE: ADS) has launched a new private label credit card program for Famous Footwear, aimed at its 22 million loyalty program members. The Famously You Rewards Credit Card™ will offer accelerated rewards and exclusive incentives to enhance customer engagement. With over 900 stores in the U.S. and Canada, Famous Footwear is focused on optimizing its online presence and utilizing Alliance Data's Enhanced Digital Suite to streamline payment options. This initiative seeks to strengthen brand loyalty and drive sales amidst evolving customer expectations.

Alliance Data Systems Corporation (NYSE: ADS) announced an update on its Card Services segment, revealing key metrics from December 2020. The average receivables for the month stood at $16.24 billion, reflecting a 13% decrease year-over-year. Net charge-offs amounted to $118.34 million, with a charge-off percentage of 8.7% for December 2020, compared to 6.6% for the same month in 2019. Additionally, the delinquency rate decreased to 4.4% from 5.8% year-over-year. The COVID-19 forbearance programs were mentioned as potential influencers on these metrics.

Alliance Data Systems Corporation (NYSE: ADS) announced its 2020 financial results, reporting a 19% decrease in consolidated revenue to $4,521 million. Key initiatives included the acquisition of Bread, strategic partnerships, and enhanced digital offerings. In Q4, revenue dropped 24% compared to 2019, with a net income of $12 million, impacted by an $81 million charge. For 2021, the company anticipates high-single digit growth in credit sales, despite expected revenue decline. Cost management efforts led to a decrease of $240 million in fixed costs.

Alliance Data Systems Corporation (NYSE: ADS) announced on January 28, 2021, that its Bread division is licensing its payments technology platform to RBC (NYSE: RY). This partnership allows RBC to enhance its payment solutions for Canadian merchants, leveraging Bread’s white-label digital payments platform. Launched in fall 2020, RBC's PayPlan enables customers to pay for large items over time. This collaboration aims to expand Bread's growth and improve the user experience for merchants, potentially increasing revenue and reducing shopping cart abandonment.