Brooks Brothers extends credit partnership with Citi

Brooks Brothers and Citi Retail Services are expanding their consumer credit card alliance in a collaborative campaign to revolutionize omnichannel payment options, according to a press release issued Friday, January 28.

The new agreement between the two iconic brands supports their shared goal of advancing omnichannel engagement and developing customer relationships that span generations. Brooks Brothers is the oldest clothing company in the United States. Citi Retail Services is one of the largest providers of retail credit solutions in North America.

See also: After Citibanamex closes, Citi will invest in companies that match its “strengths”

“Since 2015, Citi Retail Services has been a valuable partner in driving the growth of our payment offerings, especially as we have expanded our omnichannel offerings,” said Brooks Brothers CEO Ken Ohashi.

“As we continue to transform for the future, we believe this renewal will allow us to expand our vision of what is possible for cardholders and valued customers,” added Ohashi.

Citi has approximately 200 million customer accounts and operates in more than 160 countries and jurisdictions. Founded in 1812 and the fourth largest bank by assets, Citi offers a wide range of financial products and services, including personal banking and lending, corporate and investment banking, securities brokerage, transaction and wealth management services.

Read more: Tractor Supply, Citi extend long-term credit card deal

“This agreement demonstrates our shared commitment to innovation and building next-generation commerce solutions that will drive growth and engagement in an increasingly interconnected physical and digital landscape,” said Leslie McNamara, Chief , Partner Management, Citi Retail Services.

Brooks Brothers was founded in New York in 1818 and was the first American brand to offer ready-to-wear suits. The brand equipped Abraham Lincoln and made uniforms for soldiers during the Civil War. The brand has more than 250 retail and factory outlets in the United States, stores in airports and more than 250 locations worldwide, according to its website.



On: Seventy percent of BNPL users say they would prefer to use the installment plans offered by their banks – if only they were made available. PYMNTS’ Banking On Buy Now, Pay Later: Installment Payments and the Untapped Opportunity of FIssurveyed more than 2,200 U.S. consumers to better understand how consumers view banks as BNPL providers in a sea of ​​BNPL pure-players.

Previous Court orders man and his lawyers to pay back €50,000 in 'slippery tiles' case
Next Live updates on monetary and financial news: IRS letter 6475, request for $1,400, child tax credit, tax returns...