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GE Capital and Jerome’s Furniture Renew Consumer Financing Program

Furniture Industry News Update - Furniture World Magazine
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GE Capital Retail Bank and Jerome’s Furniture, a family-owned and operated home furnishings business, recently announced a multi-year extension of their private label credit card program. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help grow their customer sales, will continue to manage the relationship and service the account, which launched in 2009.

"GE Capital’s long history and expertise in the home furnishings industry offers our business a competitive advantage and our customers the payment options and service they value,” said Lee Goodman, CEO of Jerome’s. “We are pleased to continue to improve the customer's experience.”

Recently named as the second fastest-growing retailer in the United States, Jerome’s offers a wide selection of home furnishings, including sofas and living room groups, dining room sets, mattresses and bedding, accents and outdoor furniture. The private label credit card program is accepted at Jerome’s eight Southern California locations and offers competitive rates and special financing promotions.

“Jerome’s has earned a level of trust with the Southern California community over the last 58 years,” said Rob Krause, vice president, Home Furnishings, for GE Capital’s Retail Finance business. “We share their commitment to customer satisfaction and look forward to continuing to help build their business and contribute to their success.”

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 Home Furnishings industry for more than 60 years. The company supports its clients with proprietary online technology such as Business Center, which includes service, marketing and sales tools, as well as Learning Center, providing businesses with access to comprehensive training for their teams on financing for consumers.

About Jerome’s Furniture: Founded in 1954, Jerome's Furniture is a family-owned and operated business headquartered in San Diego, Calif. with eight showrooms and six clearance centers located across Southern California and an e-commerce website, providing avenues for consumers to enjoy online furniture viewing and buying. Regarded fondly by generations of families, Jerome’s is known as the best furniture retailer for value (“Jerry’s Price”) and for its wide selection of products. Recognized with numerous awards including Retailer of the Year by the Western Home Furnishings Association (WHFA) and Honoree of the San Diego National Bank Founders Award, along with other business recognitions as the best furniture store, customers know they can count on Jerome’s to make it easy to shop for furniture with service support, including interior design, same day delivery and financing. Jerome’s now proudly have eight Jerome's Furniture showrooms, seven Jerry's Bloopers Stores, and one Jerome's Furniture Marketplace located across Southern California. Jerome's also offers an e-commerce website for browsing and inspiration or making purchases. More information can be found by visiting www.jeromes.com.

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. We are not just bankers; we help clients build better businesses. 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.

Furniture World Magazine-Business solutions for furniture retailers

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