GE, Sleepy's Renew Consumer Financing

October 24, 2011  by in UnCategorized   

By Home Furnishings Business in on October 25, 2011 Sleepy's and GE Capital Retail Finance have renewed their agreement to provide consumer financing services to the mattress retailer's customers.

Sleepy's, Hicksville, N.Y., has more than 700 retail locations in 12 states and the District of Columbia.

Under the new multi-year agreement, Sleepy's will provide consumers the option of financing their purchase with the Sleepy's card, backed by GE Capital. The renewal of the agreement between GE Capital Retail Finance, Kettering, Ohio, and Sleepy's extends a program that began in 2001.

"Sleepy's is among the most successful mattress retailers in the world, so we're very excited to extend our business relationship with them," said Paul Boeckman, Home Furnishings vice president for GE Capital's Retail Finance business. "They have a proven business model that focuses on product selection and customer service, and we are proud to provide financing programs that contribute to their sales growth and provide payment options to their customers."

Sleepy's, known as "The Mattress Professionals," is a 53-year-old company that carries a wide variety of top name brand mattresses and delivers nationwide.

"GE Capital is a great resource for our business," said Joe Graci, chief financial officer for Sleepy's. "Customers appreciate options, including both product and payment options. GE Capital helps us enhance a great shopping experience."