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STEIN MART
JACKSONVILLE, Fla. — Stein Mart shareholders have re-elected the following people to the company's board of directors:
Jay Stein, Ralph Alexander, Alvin R. Carpenter, Irwin Cohen, Susan Falk, Linda M. Farthing, Mitchell W. Legler, Robert L. Mettler, Richard L. Sisisky, Martin E. Stein, Jr. and John H. Williams, Jr. Each will serve one year terms
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Alliance Data to buy Bon-Ton’s credit card portfolio
Dallas -- Alliance Data Systems has agreed to acquire The Bon-Ton Stores’ private-label credit card portfolio worth $475 million.
Financial terms of the deal were not disclosed.
Alliance Data, which provides private-label credit card services to retailers, will also manage the retailer's private-label credit card program.
Bon-Ton Stores, Inc., operates 272 stores in 23 states across the Northeast, Midwest, and upper Great Plains, under a variety of banners.