Citigroup has signed a deal to continue issuing private-label credit cards for Sears Holdings Corp. and its brands, including Kmart and Lands' End, the companies said on Tuesday.

The contract renewal comes as Citigroup is reassuring its retailer partners that it wants to keep their business. The bank put its private-label credit card operation up for sale in 2009, but did not find a buyer willing to pay the price it wanted.

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