April 2, 2010 (FinancialWire) — Macy’s, Inc. (NYSE: M) said it has formed a partnership under which Macy’s and Bloomingdale’s credit cards will be co-branded exclusively with American Express (NYSE: AXP) and issued by Citi (NYSE: C), the issuer of Macy’s and Bloomingdale’s credit cards.

Under a series of agreements among Macy’s, Inc., American Express and Citi, existing Macy’s and Bloomingdale’s Visa cards will be replaced by new Macy’s and Bloomingdale’s American Express cards.

The new cards will be sent to customers by the end of 2010.

Ohio-based Macy's is a retailer that operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's.

(For more partnerships & joint ventures articles go to http://www.financialwire.net/?s=prtnrshpsphs)

(For more discretionary sector articles go to http://www.financialwire.net/?s=dscrtnryrn)

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[prtnrshpsphs] [dscrtnryrn]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.