Levitz Home Furnishings Renews Private Label Credit Card Partnership With Household Multi-Year Agreement Confirms Household's Success as Furniture Retail Partner

Furniture World Magazine

Household International (NYSE: HI), the $110 billion (managed assets) lender, announced that its retail services business has entered into a new agreement with Levitz Home Furnishings, Inc. The multi-year contract is estimated to produce more than $3 billion in private label credit card sales for Levitz Furniture, Seaman's Furniture, and Seamans's Kids brands. The new contract extends a relationship with Levitz Home Furnishings, Inc., the parent company of both Seaman Furniture and Levitz Furniture Corp. Household has managed Seaman's private label credit card program since 1997 and the Levitz program since 1998. "We are proud of our long-standing partnership with Levitz Home Furnishings," said Sandy Derickson, managing director and CEO, Household's retail services. "We look forward to extending our relationship. We will continue to find new and even better ways to provide value to their business." As one of the nation's leading private-label credit card providers, Household's retail services business works with more than 70 partners at 63,000 locations across the country to help them attract new customers and build consumer loyalty. Committed to enhancing the customer experience in every single transaction, Household provides flexible, customized credit card and marketing solutions for many of the world's largest retailers and manufacturers including, Best Buy, CompUSA, Costco, Menards, Microsoft, Mitsubishi, Sony, and Yamaha. "We are extremely pleased to announce the continuance of our very successful relationship with Household's retail services group," commented Carl Landeck, executive vice president and CFO of Levitz Home Furnishings, Inc."We look forward to working with our friends at Household to build consumer finance programs that lead the industry and provide our customers with unparalleled opportunities to furnish their homes." About Levitz Home Furnishings, Inc.: New York-based Levitz Home Furnishings, Inc., operates more than 120 storesin 11 states under the Levitz Furniture, Seaman's Furniture, and Seamans's Kids brands. Furniture/Today magazine ranks Levitz Home Furnishings, Inc., third among the "Top 100 Furniture Stores." About Household: Household's businesses are leading providers of consumer loan, credit card, auto finance, and credit insurance products in the United States, United Kingdom and Canada. In the United States, Household's largest business, founded in 1878, operates under the two oldest and most widely recognized names in consumer finance - HFC and Beneficial. Household's companies are also one of the nation's largest issuers of private-label and general-purpose credit cards, including the Best Buy Card, The GM Card* and the AFL-CIO's Union Plus* card. For more information, visit the company's Web site at www.household.com.