Bon-Ton Stores in long-term credit agreement with Alliance Data
York, Pa. — The Bon-Ton Stores announced it has signed a new, multi-year private-label credit card program agreement with Alliance Data, a provider of loyalty and marketing solutions.
Under the terms of the agreement, Alliance Data, through its bank subsidiary, will provide end-to-end proprietary credit card services from account acquisition to multi-channel marketing and customer service. Bon-Ton’s current proprietary credit card program will remain in place until the accounts portfolio conversion occurs, which is anticipated in the second quarter of fiscal 2012.
Macy’s offering recyclable gift cards
SOLON, Ohio — Macy’s is partnering with Earthworks System LLC, a provider of 100% recycled PVC sheets for the plastic card industry and plastic card recycling programs, to provide its customers with a recyclable gift card program for the retailer’s customers.
The Earthworks System Recyclable identifier will be imprinted on Macy’s gift cards to indicate it is made of Earthworks System approved recyclable material, the company reported. Macy’s department store locations will collect spent gift cards for their return to Earthworks System where they will be reprocessed into printable sheet and re-sold to printers to make new cards.
“The Earthworks System for plastic card recycling complements Macy’s sustainable business philosophy,” said Rodd Gilbert, president of Earthworks System. “Our partnership will provide Macy’s and its customers an environmental solution for the significant number of plastic cards it distributes every year.”
CVS executives see strong growth for 2012
New York City — CVS Caremark executives shared plans to address the challenges facing health care during the company’s annual Analyst Day in New York City. The company also said Tuesday it also expects to buy back the $3 billion left in its share repurchase program.
Executives confirmed the company’s 2011 guidance and provided 2012 guidance, underscoring a strong growth outlook. CVS senior management also outlined their plans to achieve long-term growth targets that are expected to generate more than $30 billion in cash available to enhance shareholder value from 2011 through 2015.
Chief executive Larry Merlo cited several healthcare industry trends that present opportunities for the company, including the nation’s expensive and over-burdened health care system that is increasingly challenged by the aging population; the need for low-cost solutions, such as preventive care and improved medication adherence; the increasing role of the consumer in healthcare decisions as more costs shift from employers to their employees; and the rapidly growing primary care physician shortage combined with an increasing need for better integration between physicians and other healthcare providers.
"As the healthcare industry adapts to the rapidly-changing landscape, CVS Caremark will continue to deliver innovative solutions that lower costs for payors and provide increased access, lower costs and better health outcomes for patients,” Merlo said.