Free press releases distribution network?

Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



GE Capital Sales Finance and Ashley HomeStores, Ltd Sign Consumer Financing Agreement - Number 1 U.S. furniture retailer to launch GE consumer credit program to over 420 Ashley Furniture HomeStores in January (NYSE: GE - News)
GE Capital Sales Finance and Ashley HomeStores, Ltd Sign Consumer Financing Agreement

 

PRZOOM - /newswire/ - Kettering, OH, United States, 2011/01/18 - Number 1 U.S. furniture retailer to launch GE consumer credit program to over 420 Ashley Furniture HomeStores in January (NYSE: GE - News). NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GE Capital Sales Finance, a consumer lending unit of General Electric Company , today announced an agreement with Ashley HomeStores, Ltd., to provide consumer financing through more than 420 Ashley Furniture HomeStores® nationwide. As part of the multi-year agreement, GE Capital’s Sales Finance unit will also acquire the existing $500 million Ashley Furniture HomeStores consumer credit portfolio. GE expects the transaction, which received customary regulatory approval, to be accretive immediately. Financial terms were not disclosed.

“Being the consumer financing provider for Ashley Furniture HomeStore further reinforces our longstanding commitment to the Home Furnishings industry and Main Street businesses by providing tools retailers need to build their business and serve their customers through financing,” said Glenn Marino, president and CEO of GE Capital Sales Finance. “Ashley Furniture HomeStores and GE Capital Sales Finance are both innovators in creating affordable solutions for customers, and this program provides flexible payment options to maximize their budget and earn their loyalty.”

The Ashley Furniture HomeStore branded credit card program will launch January 21 during Las Vegas Market and will offer Ashley Furniture HomeStore customers affordable monthly payments through deferred interest and extended financing options, cardholder discounts, and online account management. The program will be available for purchases at Ashley Furniture HomeStores in the U.S. and Puerto Rico.

“This credit program is a great fit for us on multiple levels with a partner that knows how to support growing businesses,” said John Disa, president of Ashley HomeStores, Ltd. “GE Capital’s expertise and capabilities will provide a wide range of payment options and market-leading technology solutions to meet the needs of our customers and locally owned and operated Ashley Furniture HomeStores.”

GE Capital Sales Finance provides billions of dollars of consumer financing through more than 200,000 small- and mid-size businesses on Main Streets across the United States. It is the leading provider of consumer credit programs for the Home Furnishings industry, and supports its retail partners with Business Center, an online suite of business and finance program management tools.

In October, 2010, GE Capital announced that it had acquired sales finance portfolios in four core segments, including Home Furnishings, from Citi Retail Partner Cards in a $1.6 billion transaction.

About Ashley Furniture HomeStore
Ashley Furniture HomeStore, the No. 1 retailer of furniture and bedding in the United States, delivers quality, affordable furniture to customers at more than 420 independently owned and operated locations in the United States, Canada, Mexico, Puerto Rico and Japan. Ashley Furniture HomeStore is an exclusive provider of furniture from Ashley Furniture Industries, Inc., the largest furniture manufacturer in the United States. Learn more at ashleyfurniturehomestore.com; twitter.com/AshleyHomeStore and facebook.com/AshleyFurnitureHomeStore.

About GE Capital Sales Finance
Based in Kettering, Ohio, GE Capital’s Sales Finance business goes to market as GE Money Sales Finance. GE Money is among the country’s oldest and most successful retail lenders, with more than 75 years of experience in consumer financing. It provides credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in nearly 20 industries including: automotive, appliances and consumer electronics, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment and sporting goods. More information can be found at gemoney.com and twitter.com/GEMoneyUS.

GE Capital (gecapital.com) 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, retail sales finance programs, home, car and personal loans and credit insurance. Follow company news via Twitter (@GECapital).

GE is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Website at ge.com, gereports.com and twitter.com/ge_reports.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


GE Capital Sales Finance and Ashley HomeStores, Ltd Sign Consumer Financing Agreement

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
GE News Center |
Contact: Cristy Williams - GE Money 
678-518-2596 cristy.williams[.]ge.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From General Electric Company / Company Profile


Read Financial/Legal/Venture Most Recent Related Press Releases:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today