Hudson’s Bay launches credit card agreement with Capital One

Toronto, Canada – Hudson’s Bay Company is launching a new credit card program with Capital One Financial Corp. that includes the Saks Fifth Avenue banner. The agreement is also planned to add the Lord & Taylor credit card program in June 2015, subject to certain closing conditions.



With this agreement, Capital One will be HBC's exclusive issuer for both private label and co-branded credit cards at all HBC-owned retailers, including Hudson's Bay, Saks Fifth Avenue, Off 5TH and Home Outfitters. The new brand alignment will provide customers with flexible payment options and will facilitate a more consistent experience across HBC's retail stores.



"HBC is pleased to build on our partnership with Capital One and is excited about the anticipated inclusion of Lord & Taylor in June 2015," said Jim Coggin Jr., senior VP, credit operations & facilities, HBC.



"HBC is dedicated to providing an exceptional shopping experience in our stores. Our branded credit cards are part of that experience and, building on the success we have had thus far, we are pleased Capital One will continue to deliver this service to our customers."