JCPenney extends financial services partnership

Source: Chain Store Age, Thursday, Oct 11, 2018

Department store retailer, JCPenny has entered into a multi-year extension of their strategic partnership with financial services provider Synchrony, a deal that will enable JCPenney to continue offering customers financing options and using data analytics to deliver more personalized customer experiences. Through the agreement, Synchrony will also continue to manage and service payment cards for JCPenney customers at the retailer’s over 860 stores in the U.S. and Puerto Rico, as well as online.