Today, Citi announced a multi-year renewal of its long-standing U.S. private label credit card partnership with Office Depot, celebrating 25 years as a leading global provider of office supplies and services.
“For more than two decades, Citi has provided financing for Office Depot business and personal accounts,” said Craig Vallorano, Executive Vice President, Partnership Management, Citi Retail Partner Cards. “We look forward to providing Office Depot customers with quick and efficient credit processing and flexible payment options for years to come.”
“The Office Depot Business Credit Card and the Office Depot Personal Credit Card both provide our customers with the increased spending power they need in these economic times,” said George Hill, Senior Vice President of Store Operations for Office Depot. “Together with Citi, Office Depot is providing a smart solution for small business customers to access funds they need to run and grow their business.”
“This partnership renewal, along with other recent announcements, demonstrates our long-term commitment to providing best-in-class credit programs to market leaders in the Retail industry,” added Vallorano.
Retail Partner Cards provides consumer and commercial credit card products and services, including private label credit cards, for national and regional retailers across the U.S. The business services nearly 90 million accounts and consists of managed assets of approximately $45 billion. Citi’s retail partners include Sears, The Home Depot, Macy’s, Shell, and ExxonMobil, among others.
About Office Depot
Celebrating 25 years as a leading global provider of office supplies and services, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides supplies and services to its customers through 1,641 worldwide retail stores, a dedicated sales force, top-rated catalogs and global e-commerce operations. Office Depot has annual sales of approximately $11.6 billion, and employs about 40,000 associates around the world. The Company provides more office supplies and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 55 countries.
Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP. Additional press information can be found at: http://mediarelations.officedepot.com and http://socialpress.officedepot.com/.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com.
Liz Fogarty, 212-559-0486
Owen Torres, 561-438-7059