Kohl’s and Capital One Announce Extended Contract for Private Label Credit Card

  Kohl’s and Capital One Announce Extended Contract for Private Label Credit
  Card

Business Wire

MCLEAN, Va. -- May 15, 2014

Kohl’s Department Stores (NYSE: KSS) and Capital One Financial Corporation
(NYSE: COF) today announced a multi-year extension of their private label
credit card program agreement. The contract extension with Kohl’s enables
consumers to have expanded buying power and solidifies an already strong
partnership. Kohl’s high product standards and the company’s focus on customer
service extends through its private label credit card program which offers
cardholders access to exclusive offers, guaranteed savings and online payment
services.

“The Kohl’s credit program is an important element of our engagement with our
most loyal customers, and our strong partnership with Capital One helps us
manage these valuable relationships,” said Kevin Mansell, Kohl’s chairman, CEO
and president.“We chose to partner with Capital One in 2011 because of their
financial strength and our shared commitment to driving profitable sales and
creating lasting relationships with our Kohl's card holders. The results over
the first three years of our partnership have only confirmed that
choice.Capital One's strategic, analytical approach makes them a perfect
partner for Kohl's from both a cultural and financial perspective. Although
the term of our agreement wasn't scheduled to expire for several years, we
wanted to extend it even further so we could continue to focus together on
long-term growth initiatives.”

“Our partnership with Kohl’s shows how a card program can be a great strategic
asset for our partners, enabling sales and delivering great value, loyalty and
an exceptional customer experience,” said Richard D. Fairbank, Chairman and
Chief Executive Officer of Capital One. “The Kohl’s partnership is a perfect
example of the kind of opportunity we see in the Partnerships business, where
success comes from selectively working with outstanding partners who are
motivated to build a franchise that delivers great value to their customers.
Moving several years early to extend this partnership is an indication of the
success we are already achieving together.”

Capital One’s long-term partnership with Kohl’s reinforces the company’s
commitment to grow its Credit Card Partnership business. With operations based
in Illinois and Virginia, Capital One’s Partnership division is a leading
provider of retail and co-brand payment solutions for some of the nation’s
most influential companies.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding
company whose subsidiaries, which include Capital One, N.A., and Capital One
Bank (USA), N. A., had $208.3 billion in deposits and $290.5 billion in total
assets as of March 31, 2014. Headquartered in McLean, Virginia, Capital One
offers a broad spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels. Capital One,
N.A. has more than 900 branch locations primarily in New York, New Jersey,
Texas, Louisiana, Maryland, Virginia and the District of Columbia.A Fortune
500 company, Capital One trades on the New York Stock Exchange under the
symbol "COF" and is included in the S&P 100 index.

About Kohl's

Kohl’s (NYSE: KSS) is a leading specialty department store with 1,160 stores
in 49 states. With a commitment to inspiring and empowering families to lead
fulfilled lives, the company offers amazing national and exclusive brands,
incredible savings and inspiring shopping experiences in-store,
onlineatKohls.comand via mobile devices.Committed to our communities,
Kohl’s has raised more than$257 million for children’s initiatives nationwide
through its Kohl’s Cares^® cause merchandise program, which operates under
Kohl's Cares, LLC, a wholly-owned subsidiary of Kohl's Department Stores,
Inc.For additional information about Kohl’s philanthropic and environmental
initiatives, visitwww.Kohls.com/Cares.For a list of store locations and
information, or for the added convenience of shopping online, visit
www.Kohls.com.

Connect with Kohl’s:
Facebook (http://www.facebook.com/Kohls)
Twitter (http://twitter.com/Kohls)
Google+(http://plus.google.com/+Kohls)
Pinterest (http://pinterest.com/Kohls)
Instagram (http://instagram.com/Kohls)

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Contact:

Capital One Financial Corporation
Chris O’Neill, 804-284-5433
chris.oneill@capitalone.com
 
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