Nationwide Marketing Group Announces Credit Program

February 11, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on February 2007 Nationwide Marketing Group, the nation’s largest buying organization for independent appliance, electronics and furniture dealers, has developed a new revolving credit program with Wells Fargo Financial Retail Services and has designated Wells Fargo as a preferred provider.

The agreement was announced Friday on the eve of a series of Nationwide buying group meetings in Orlando that are expected to attract more than 3,000 independent dealers and vendors. The event called PrimeTime at the Walt Disney World Dolphin Hotel in Orlando this week has seen a 15 percent increase in registrations from last year’s event, making it Nationwide’s largest East Coast meeting in its 15-year history. The event features 180 exhibitors using 126,000 square feet of exhibition space.

In an announcement Friday, Nationwide Executive Vice President Les Kirk said the organization has been working with Des Moines, Iowa-based Wells Fargo for several months to develop an enhanced program.

“Our members participating in this program will immediately have access to the assortment of financing alternatives on the Nationwide promotional calendar. We are very impressed with the Wells Fargo Financial Retail Services team and look forward to working with such a professional group of representatives.”

In 2005, Nationwide effectively doubled its buying power in furniture through an alliance with High Point’s Furniture Marketing Group, which serves more than 75 large furniture chains with more than 500 stores. Across all categories, Nationwide serves independent dealers with more than 7,500 storefronts.