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Alliance Data (ADS) Inks Deal to Offer Credit Card Services
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Alliance Data Systems Corporation’s card services business along with Sally Beauty Holdings, Inc. (SBH - Free Report) has launched two private label credit programs. The long-term agreement requires Alliance Data to provide private label card services to Sally Beauty’s two business units — Sally Beauty Supply and Beauty Systems Group.
Sally Beauty boasts being the largest distributor of professional beauty supplies in the United States, generating about $3.9 billion in revenues annually. Sally Beauty Supply sells to both retail consumers and salon professionals while its Beauty Systems Group’s Cosmo Prof stores sell exclusively to professional stylists and salons. The agreement will enable Sally Beauty to take advantage of Alliance Data's innovative suite of digital capabilities to cater to client preferences.
The card programs will complement Sally Beauty Rewards program by enhancing rewards and other exclusive benefits programs.
Cosmo Prof customers will benefit from special savings when they use their card and additional purchasing power that supports the salon business. In fact, Alliance Data will provide its exclusive Frictionless Mobile Credit technology that will enable customers to apply for credit directly from their mobile devices.
Alliance Data’s market-leading, high-growth, high-ROI Card Service segment contributes significantly to the company’s total revenues. Continuous agreements with new and existing clients boost the private label card portfolio.
Shares of this Zacks Rank #4 (Sell) private label credit card processing company have lost 59.7% year to date against the industry’s rally of 8.9%. Nonetheless, we expect higher revenues, solid card services performance, strategic initiatives as well as a robust capital position to aid the company’s turnaround in the near term.
Envestnet delivered earnings surprise of 25.53% in the last reported quarter.
QIWI delivered earnings surprise of 53.66% in the last reported quarter.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Alliance Data (ADS) Inks Deal to Offer Credit Card Services
Alliance Data Systems Corporation’s card services business along with Sally Beauty Holdings, Inc. (SBH - Free Report) has launched two private label credit programs. The long-term agreement requires Alliance Data to provide private label card services to Sally Beauty’s two business units — Sally Beauty Supply and Beauty Systems Group.
Sally Beauty boasts being the largest distributor of professional beauty supplies in the United States, generating about $3.9 billion in revenues annually. Sally Beauty Supply sells to both retail consumers and salon professionals while its Beauty Systems Group’s Cosmo Prof stores sell exclusively to professional stylists and salons. The agreement will enable Sally Beauty to take advantage of Alliance Data's innovative suite of digital capabilities to cater to client preferences.
The card programs will complement Sally Beauty Rewards program by enhancing rewards and other exclusive benefits programs.
Cosmo Prof customers will benefit from special savings when they use their card and additional purchasing power that supports the salon business. In fact, Alliance Data will provide its exclusive Frictionless Mobile Credit technology that will enable customers to apply for credit directly from their mobile devices.
Alliance Data’s market-leading, high-growth, high-ROI Card Service segment contributes significantly to the company’s total revenues. Continuous agreements with new and existing clients boost the private label card portfolio.
Shares of this Zacks Rank #4 (Sell) private label credit card processing company have lost 59.7% year to date against the industry’s rally of 8.9%. Nonetheless, we expect higher revenues, solid card services performance, strategic initiatives as well as a robust capital position to aid the company’s turnaround in the near term.
Stocks to Consider
Some better-ranked financial transaction service providers are Envestnet Inc (ENV - Free Report) and QIWI plc Technologies, Inc. (QIWI - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Envestnet delivered earnings surprise of 25.53% in the last reported quarter.
QIWI delivered earnings surprise of 53.66% in the last reported quarter.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>