branded card relationship

Dillard's

22/05/2025 21:02

May 22 (Reuters) - The department store chain Dillard's DDS.N sued Wells Fargo WFC.N on Thursday, saying the bank repeatedly breached a since-abandoned co-branded credit card relationship, causing the department store chain tens of millions of dollars in losses.

Dillard's filed its lawsuit in Manhattan federal court, less than a year after being "shocked" to learn that the fourth-largest U.S. bank had decided to abandon the co-branded card market.

 (Reporting by Jonathan Stempel in Chicago)

 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net))