National Tile Retailer Extends Financing Program through its 57 U.S. Locations and Online Store
KETTERING, OHIO and PLYMOUTH, MINN. -- March 15, 2012 -- GE Capital Retail Bank and national tile retailer, The Tile Shop, announced today a multi-year extension of their credit card program, which originated in 2009. GE Capital's Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help build their customer sales, will continue to manage The Tile Shop relationship and service the account.
Under the agreement, GE Capital will offer The Tile Shop credit card as part of its Home DesignSMprogram through the retailer's 57 stores and for online purchases at www.tileshop.com. Special financing options are available for any type of installation product or service, including one-of-a-kind accent tiles, stone, marble, design, tools and accessories.
"Our focus is to provide our customers with the products and resources to transform their homes, including flexible payment options," said Carl Randazzo, national sales manager for The Tile Shop. "GE Capital shares our commitment to a great customer experience and continues to bring their decades of expertise to help us build loyalty and satisfaction."
The Tile Shop is known for being at the forefront of the do-it-yourself industry, and offers customers design guidance, extensive product knowledge, and thousands of stone and tile products for almost any home application project.
"We are proud to continue working with The Tile Shop to deliver value to their business and support their stores in building relationships with their customers," said Steve Roe, general manager, flooring for GE Capital's Retail Finance business. "Our objective is to offer their customers payment options that enable them to accomplish larger home projects to improve and enjoy their spaces."
For more than 75 years, GE Capital's Retail Finance business has provided billions of dollars in consumer financing through major retailers and more than 200,000 small- and mid-sized businesses throughout the United States. GE Capital is a leading provider of consumer credit in the Flooring and Home Improvement industries and supports its clients with proprietary online technology such as Business Center, which includes service, marketing and sales tools, as well as the newly launched Learning Center, providing businesses with fast and easy access to training tools and resources on how to better understand and offer financing to consumers.
About The Tile Shop
The Tile Shop was founded in 1984 with one store in Rochester, Minn. Today, the company is headquartered in Plymouth, Minn. with 57 stores nationwide, and thousands of people employed in the U.S. The Tile Shop carries ceramic, porcelain and natural stone tile, unique accent pieces, as well as tile supplies, tools, rentals and instructional information for installation and maintenance. To learn more, visit www.tileshop.com, twitter.com/TheTileShop; facebook.com/TheTileShop1; and YouTube.com/TheTileShop1.
About GE Capital's Retail Finance business
GE Capital's Retail Finance business is among the country's most successful retail lenders, with more than 75 years of experience in consumer financing. The business, which originates loans as a unit of 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. 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.
Cristy Williams
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678.518.2596