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March 2, 2016

Stein Mart extends consumer credit card deal with Synchrony Financial

Fashion retailer Stein Mart has extended co-branded MasterCard and private label credit card program agreement with Synchrony Financial.

By Verdict Staff

Fashion retailer Stein Mart has extended co-branded MasterCard and private label credit card program agreement with Synchrony Financial.

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The two entities have partnered since 2006 to offer credit card programs for cardholders at the retail chain’s 278 stores and at steinmart.com.

This agreement will give cardholders access to exclusive extra savings where they can save 10%, at least 10 times a year, the companies said in a statement.

Stein Mart CFO Greg Kleffner said: "Our credit card is a proven sales driver as our cardholders are our most frequent visitors. The extension with Synchrony will allow us to continue the fast-paced growth of our credit card program and our connection to these important customers, with improved economic terms benefitting our profitability."

Synchrony Financial executive vice president and CEO for retail cards Tom Quindlen said: "The Stein Mart cards not only offer greater payment flexibility to customers, but also greater value through savings and benefits to loyal customers.

"We’re pleased to continue our long relationship with Stein Mart, and look forward to continuing to build continued loyalty with their customers through our credit card programs."

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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