Conn's, GE Expand Consumer Financing

August 16, 2011  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on August 17, 2011

Home Furnishings, electronics and appliance retailer Conn's Inc. (NASDAQ-GS: CONN) and GE Capital have expanded and extended their consumer finance program.

"Conn's is one of the region's most established and successful retailers," said Paul Schell, general manager, Consumer Electronics for GE Capital's Retail Finance business, Kettering, Ohio. "We're honored to continue working with Conn's to provide their customers with convenient financing options and promotions and help Conn's achieve their business goals."

Extended through 2014, and expanded to $125 million, the renewed consumer financing program will include the introduction of a Conn's-branded credit card, expanded product offerings and financing promotions, and special cardholder discounts and shopping opportunities. Conn's credit program is available at all of its retail stores and clearance locations in Texas, Louisiana and Oklahoma.

"Working with GE Capital enables us to provide qualified customers with financing programs that enhance the value they receive when they buy from Conn's," commented Mike Poppe, CFO of Conn's, Beaumont, Texas. "We value the relationship we have with GE Capital. The renewed agreement gives us increased capacity to support sales growth through the flexible financing programs we offer our customers and we are exploring opportunities to expand our marketing to these customers."

Conn's Inc. currently operates 71 retail locations in Texas, Louisiana and Oklahoma.