TD Retail Card Services (TDRCS) announced that it has been selected as a preferred provider of private label credit services for members of Furniture First, a home furnishings and mattress purchasing cooperative with more than 175 retail furniture dealers operating over 360 locations nationwide.
Under the agreement, the Mahwah, N.J-based business unit of TD Bank, N.A., will offer a full range of private label credit products and services, custom financing options and special benefits to participating members of the co-op. Headquartered in Harrisburg, Pa., Furniture First was founded in 1994 by a small group of independent retailers who joined together to better compete with national chains. Through collective buying power and the sharing of best business practices, Furniture First members have thrived in increasingly competitive markets. Today, the organization’s members collectively generate over $1.2 billion in retail volume annually.
“The selection of TD Retail Card Services as a recommended provider followed a seven-store test in which our participating members saw stellar results in terms of consumer approval rates, credit limits granted and enhancements to their average sale,” said Bill Hartman, President of Furniture First. “We are pleased to have them as part of our family of partners.”
About TD Retail Card Services: Based in Mahwah, N.J., TD Retail Card Services ranks among the nation’s largest private label credit card companies. A division of TD Bank, N.A., the company launches and administers new credit card portfolios for brick-and-mortar, internet and catalog merchants, and acquires retailers’ existing credit card portfolios. Its programs for the furniture industry include traditional private label cards as well as The Renovate Card, a revolving charge card for independent home furnishings retailers that delivers many of the important advantages of a private label card to retailers with single or multiple locations who may not generate the sales volume to justify a private label program of their own. For more information, visit www.TDRetailCardServices.com.
About Furniture First
For more information about Furniture First please contact Bill Hartman at 1-800-411-3477 ext. 123 or via email at BHartman@FurnitureFirst.com or visit www.FurnitureFirst.coop.