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From Home Furnishing Business

Synchrony, Rooms To Go Extend Financing Agreement

Financial services company Synchrony Financial (NYSE: SYF) has signed a multi-year renewal of the private label credit card program with furniture retailer Rooms To Go

Under the agreement, Synchrony will continue providing consumer financing in the retailer’s showrooms in the U.S. and Puerto Rico.

The two companies partnered in 2002.

“Rooms To Go recognizes the value that a strong financing program provides its customers,” said Glenn Marino, executive vice president and CEO of Synchrony Financial’s Payment Solutions division. “We know through our breadth of relationships and decades in home furnishings that the availability of financing is an important factor in making a furniture purchase.”

Rooms To Go cardholders are offered special financing options for home furnishings purchases. They are also given exclusive offers and extended terms.

“Partnering with Synchrony Financial has been important to our growth and helped us focus on offering customers the right furnishings at the right price with attractive payment options and easy-to-use account management tools,” said Jeff Seaman, CEO of Rooms To Go. “We look forward to continue working together to develop financing programs that build sales and deliver convenience and value for our customers.”

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