Darvin Furniture, Jordan's Re-Up with HSBC

December 29, 2011  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on December 30, 2011

Darvin Furniture and Jordan's Furniture have renewed private label credit card agreements with HSBC Card & Retail Services.

HSBC, Mettawa, Ill., also renewed agreements with Saks Inc. and Big Lots.

All four companies have agreed to the assignment of their program agreements to Capital One upon closing of its planned acquisition of HSBC's card and retail services business, which was announced in August.

"We are very proud of our long-term, productive relationships with these partners," said Steven Mattics, head of retail services for HSBC. "Our customized financing products have made it easier than ever for our merchant partners to meet the credit needs of their customers, deepen loyalty for their brand and increase their sales. These renewals demonstrate the strength of our long term partnerships and the value of our industry leading private label capabilities."

Darvin Furniture, Orland Park, Ill., and HSBC have a relationship of more than 30 years. Jordan's Furniture, Avon, Mass., has been an HSBC private label partner since 1991.