Citi Renews U.S. Private Label Card Agreement With Sears Holdings Corporation

Multi-Year Renewal with the Fourth Largest Retailer in North America

(Graphic: Business Wire)

ATLANTA--()--Today, Citi announced a multi-year renewal of its long-standing U.S. private label credit card agreement with Sears Holdings Corporation, the nation’s fourth largest retailer. Sears Holdings’ retail brands include Sears, the leading home appliance retailer in North America, Kmart, and Lands’ End, the nation’s largest online apparel retailer.

Citi has provided branded payment products to Sears since 2003. The agreement offers quick and efficient purchase processing at over 2,200 Sears branded and affiliated stores and more than 1,300 Kmart stores serving millions of American families and small businesses across the country.

“We are extremely proud to renew our long-standing relationship with Sears Holdings," said Craig Vallorano, Executive Vice President, Strategy and Business Development, Citi Retail Partner Cards. "This renewal affirms our long-term commitment to providing best-in-class credit programs to market leaders in the retail industry that deliver convenience, flexibility and value for customers. We look forward to the opportunity to serve Sears, Kmart and Lands’ End customers for years to come.”

“The customers that use our Sears Card are some of our most loyal customers and we are excited about our renewed relationship with Citi,” said Jai Holtz, vice president, Financial Services, Sears Holdings. “Their constant commitment to quality credit products and customer service allows us to continue to offer new and exciting ways for our customers to save while shopping with their Sears Card either online, in-store, at home or on the phone.”

Citi Retail Partner Cards provides consumer and commercial credit card products and services, including private label credit cards, for national and regional retailers across the U.S. The business services nearly 90 million accounts and consists of managed assets of approximately $44 billion. Retail partners include: Sears Holdings, The Home Depot, Macy’s, and multiple leading oil and gas companies, among others.

About Citi:

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Sears Holdings Corporation

Sears Holdings Corporation is the nation's fourth largest broadline retailer with over 4,000 full-line and specialty retail stores in the United States and Canada. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, consumer electronics and automotive repair and maintenance. Sears Holdings is the 2011 ENERGY STAR® Retail Partner of the Year. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands. It also has the Country Living collection, which is offered by Sears and Kmart. We are the nation's largest provider of home services, with more than 11 million service calls made annually. Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' website at www.searsholdings.com. |Twitter: @searsholdings | Facebook: http://www.facebook.com/SHCCareers

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50040681&lang=en

Contacts

Citi
Liz Fogarty, 212-559-0486
or
Sears Holdings
Kim Freely, 847-286-6093

Release Summary

Citi Retail Partner Cards and Sears Holdings Corporation Renew U.S. Private Label Card Agreement

Contacts

Citi
Liz Fogarty, 212-559-0486
or
Sears Holdings
Kim Freely, 847-286-6093