Spiegel to create new PL credit card

Downers Grove, IL — Troubled Spiegel Group has reached an agreement with Alliance Data Systems to create a new private label credit card program for the group's merchant divisions: Eddie Bauer, Spiegel Catalog and Newport News.

The agreement will not be effective unless the bankruptcy court grants approval. If approved, there will be no transfer of existing receivables from Spiegel's prior credit card programs. In mid-March, Spiegel announced that its private label card would no longer be accepted by its subsidiary divisions. The company filed for bankruptcy shortly thereafter.

Alliance will begin offering the new cards to Eddie Bauer, Spiegel and Newport News customers in early May and will follow up with a series of targeted credit marketing programs later in the month. Alliance will administer all functions related to the program.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!