Closet Tailors Credit Card Offered Through U.S. Franchises
DAYTON, Ohio--(BUSINESS WIRE)--GE Money today announced it will offer a new private label credit card to U.S. customers of Closet Tailors, which specializes in designing and installing custom organization solutions. The Closet Tailors Credit Card, managed by GE Money's Sales Finance unit, will be available through more than 100 franchises across the U.S. and offers a quick and easy application, sales process with promotional financing and deferred interest terms.
Home organization is a growing trend as homeowners look to de-clutter and simplify their lives. According to surveys conducted by the National Association of Home Builders (NAHB) in 2005, garage storage alone is a $2.5 billion industry with anticipated growth of 20 percent per year through 2010.
"Closet Tailors helps our customers maximize their living spaces by creating customized, convenient storage solutions," said Chip Tighe, vice president of Closet Tailors. "We're pleased to partner with GE Money to offer homeowners seeking better storage solutions a way to complete their home improvement projects in a shorter timeframe through financing."
With 14 years experience in home improvement with such brands as Budget Blinds, Closet Tailors takes a consultative approach to homeowners' storage space needs. Customers work with design specialists to create customized organization solutions for closets, garages, laundry rooms and pantries.
"Having a private label credit card is a great way to increase customer awareness and loyalty with an organization," said Jim Seger, vice president GE Money's Home Furnishings industry. "Offering customers a choice of flexible financing options gives them bigger buying power, which in turn creates growth for businesses."
About Closet Tailors
Closet Tailors, LLC, a Home Franchise Concepts, Inc. (HFC) company, is dedicated to providing exceptional service in the home organization industry. Based in Orange, California, Closet Tailors is paving the way with over 160 territories in operation across the United States. For more information on Closet Tailors please visit www.closettailors.com.
About Home Franchise Concepts
Home Franchise Concepts is the umbrella brand of a fine family of home improvement companies that includes Budget Blinds and Closet Tailors. Based in Orange, California, the company has over 1,100 franchise territories serving nearly 2,500 cities throughout the United States and Canada. For more information on Home Franchise Concepts, please visit www.homefranchiseconcepts.com.
About GE Money
With more than $190 billion in assets, GE Money, a unit of General Electric Company (NYSE:GE), is a leading provider of credit services to consumers, retailers and auto dealers in more than 55 countries around the world. GE Money, based in Stamford, Conn., 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 at www.gemoney.com. GE Money's Sales Finance unit, based in Kettering, Ohio, provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers, dealers, manufacturers and service providers in more than 20 industries including: outdoor power equipment, home improvement, sporting goods, powersports, automotive, recreational vehicles, consumer electronics and appliances, furniture, floor covering, marine, music, jewelry, and health care.
GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
©2007 General Electric Company, All rights reserved.
Contacts
GE Money
Cristy Williams,
678-518-2596
cristy.williams@ge.com
or
Closet Tailors
Brian Ortega,
714-637-2100
brian@homefranchiseconcepts.com
Cristy Williams
cristy.williams@ge.com
678.518.2596