STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 5, 2004--GE Consumer Finance, one of the world's leading consumer lenders, today announced it has signed a multi-year agreement to extend its retail credit card program with The Men's Wearhouse, a leading men's apparel retailer in the United States.
The Men's Wearhouse Rewards Card was introduced in October 1998, and has since grown to nearly 700,000 cardholders. We are excited to continue our partnership with a great retail brand like Men's Wearhouse and to work with them to explore new marketing strategies and drive increased sales, said Mark W. Begor, president and chief executive office, GE Consumer Finance-Americas.
Men's Wearhouse has a loyal customer base and we've enhanced the rewards card program to provide greater value to frequent shoppers. The existing Men's Wearhouse Rewards Card program was re-launched in September with greater rewards under the name Perfect Fit Program.
Perfect Fit credit cardholders automatically receive a five percent discount on purchases charged to their Perfect Fit Credit Card, in addition to continuing to earn one reward point for every dollar spent and a $50 reward certificate for every 500 points earned.
Certificates can be redeemed for product, tux rentals, or alteration charges at any Men's Wearhouse retail store nationwide.
Concurrently, Men's Wearhouse rolled out a new membership rewards program that is open to every Men's Wearhouse customer, regardless of how they choose to pay for their purchases.
GE has proven to be a valuable partner over the past six years. We are pleased with the private label credit card program and the value it has brought to our customers, and look forward to continuing to build on our robust rewards program in developing closer relationships with our customers, said Claudia Pruitt, Vice President and Treasurer of Men's Wearhouse.
About Men's Wearhouse
Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 698 stores. The stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories, including tuxedo rentals available in the Men's Wearhouse and Moores stores.
About GE Consumer Finance
With more than $117 billion in assets, GE Consumer Finance, a unit of General Electric Company, is a leading provider of credit services to consumers, retailers and auto dealers in 41 countries around the world.
GE Consumer Finance, based in Stamford, Conn. (USA), offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found online at www.geconsumerfinance.com.
GE (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. For more information, visit the company's Web site at www.ge.com.
--30--IS/ny*
CONTACT: Men's Wearhouse
Claudia Pruitt, 713-592-7322
or
GE Consumer Finance
Peter Tosches, 203-585-6701 (office), 203-249-7487 (cell)
[email protected]
Cristy Williams
[email protected]
678.518.2596