STAMFORD, Conn.--(BUSINESS WIRE)--April 9, 2002--GE Card Services, a top issuer of private label credit cards in North America, and Linens 'n Things, Inc. (NYSE:LIN), a leading national retailer of home furnishings, housewares and home accessories, have launched Linens 'n Things
Under the new private label credit card program, Linens 'n Things cardholders will enjoy a range of valuable programs and benefits, including a 10%-off promotion on their first purchase and a purchase-based rewards program. Qualified customers who apply in-store can receive instant approval and shop the same day.
Approved cardholders receive a dedicated line of credit and pay no annual fees. We're thrilled to be working with Linens 'n Things, said Edward D. Stewart, GE Card Services' president and chief executive officer.
The new program offers excellent incentives and benefits to Linens 'n Things cardholders, and it's an opportunity for us to partner with a growing company that shares our commitment to customer satisfaction and passion for quality.
Stewart explained that Linens 'n Things chose GE Card Services for its credit marketing expertise, success in launching national programs and commitment to providing high-quality service to cardholders.
Steven Silverstein, president of Linens 'n Things, said, We are excited about partnering with GE Card Services. At Linens 'n Things, our mission is to exceed our guests' expectations in every store every day. With this in mind, we selected a partner that we were confident would serve our cardholders in the same manner.
Linens 'n Things, Inc., headquartered in Clifton, N.J., is one of the nation's largest and fastest growing specialty retailers of home textiles, housewares and decorative home accessories.
As of December 29, 2001, the company operated 343 stores in 43 states and in four provinces across Canada. More information about Linens 'n Things can be found online at www.linensnthings.com.
GE Card Services, based in Stamford, Conn., provides private label credit card, corporate purchasing card and corporate expense management services for a diverse portfolio of retailers, multinational companies and universities, with a total of nearly 100 million cardholders in North America.
GE Card Services is a GE Capital Services company. More information about GE Card Services can be found
online at www.ge.com/capital/cardservices/.
GE Capital, with assets of US$425 billion, is a global, diversified financial services company grouped into six key operating segments comprised of 25 businesses. A wholly-owned subsidiary of
General Electric Company, GE Capital, based in Stamford, Conn., provides a variety of consumer services, such as private label credit cards; life and auto insurance; mid-market financing; specialized financing; specialty insurance; equipment management; and specialized services, to businesses and individuals in 45 countries around the world.
GE (NYSE: GE) is a diversified services, technology and manufacturing company with operations worldwide. More information about GE can be found online at www.ge.com.
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Cristy Williams
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