|[January 31, 2013]
GE Capital Retail Bank Renews P.C. Richard & Son Consumer Credit Card Program
STAMFORD, Conn. & FARMINGDALE, N.Y. --(Business Wire)--
Capital Retail Bank today announced a multi-year extension of its
relationship with P.C.
Richard & Son to provide a consumer
credit card program. GE Capital Retail Bank provides financial
solutions to retailers to help grow their customer sales and will
continue to service the account and manage the credit program, which
began in 1986.
"Over the past three decades, GE Capital and P.C. Richard & Son (News - Alert) have
built a strong relationship," said Tom Pohmer, VP and CFO for P.C.
Richard & Son. "GE Capital's flexible financing programs have helped us
build long-term customer loyalty, and we're pleased to continue working
P.C. Richard & Son is one of the oldest private, family-owned appliance
and consumer electronics retailers in the United States with 65
locations, as well as an online store. Founded in 1909, P.C. Richard &
Son has a long history of working with GE, including carrying GE
appliances and products for nearly a century. Today, customers can apply
for the P.C. Richard & Son Credit Card in-store or online
and qualified applicants receive immediate approval for purchases with
flexible financing promotions.* Cardholders can manage their account
online, as well as make payments in-store.
"Our research shows that consumers shopping for electronics and
appliances look for a wide selection, knowledgeable service and an
affordable way to make their purchases," said Paul Schell, general
manager for GE Capital's Retail Finance business. "We're proud to
continueproviding a consumer credit card program, which has been an
important tool to build business for P.C. Richard & Son and meet the
needs of its customers."
For 80 years, GE Capital has helped major retailers and more than
200,000 small- and mid-sized businesses throughout the United States
build consumer financing programs that support business growth and
customer satisfaction. GE Capital is a leading provider of consumer
credit in the Appliances and Consumer Electronics industry. The company
supports its clients with proprietary online technology such as
Business Center, which includes service, marketing and sales tools, as
well as Learning Center, providing businesses with access to
comprehensive training for their teams on financing for consumers.
*Subject to credit approval and availability
About P.C. Richard & Son
Founded in 1909, P.C. Richard & Son is one of the oldest private,
family-owned appliance and consumer electronics retailers in the United
States. This Week in Consumer Electronics places P.C. Richard &
Son among the top 25 largest electronics retailers in America. For more
information, visit www.pcrichard.com,
or via Twitter (News - Alert) @PCRichardandSon.
About GE Capital's Retail Finance business
GE Capital's Retail Finance business is among the country's most
successful retail lenders, with 80 years of experience in consumer
financing. The business, with its lending entity GE Capital Retail Bank,
provides customized credit programs to retailers and consumers in the
United States and Canada that help drive sales. This includes private
label and bankcard credit programs to major national, regional and
independent retailers in the U.S., as well as private label credit
programs, promotional and installment lending, bankcards and financial
services for consumers through dealers; contractors; manufacturers;
healthcare practices; and service providers across nearly 20 industries.
We are not just bankers; we help clients build better businesses. More
information can be found at www.gogecapital.com and twitter.com/GoGECapital.
GE Capital is one of the world's largest providers of credit. For over
one million businesses, large and small, GE Capital provides financing
to purchase, lease and distribute equipment, as well as capital for real
estate and corporate acquisitions, refinancings and restructurings. For
our 100+ million consumer customers, GE Capital offers credit cards,
sales finance programs, home, car and personal loans and credit
insurance. For more information, visit www.gecapital.com or
follow company news via Twitter @GECapital.
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
©2013 General Electric Company, All rights reserved.
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