Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

General Electric Company : GE Capital Retail Bank and La-Z-Boy Continue Furnishing Consumer Credit Card Program

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/20/2012 | 03:05pm CEST

Credit Card Program Available at Nearly 780 Locations Nationwide

GE Capital Retail Bank and La-Z-Boy today announced a five-year extension of their relationship to provide consumer credit card services through many of the home furnishings retailer's 781 U.S. retail locations, including 189 independent La-Z-Boy Furniture Galleries stores, 97 corporate-owned locations, and 495 independent Comfort Studios nationwide. GE Capital Retail Bank provides financial solutions to retailers to help grow their customer sales and will continue to service the account and manage the La-Z-Boy relationship, which began in 2007.

"La-Z-Boy is pleased to continue working with GE Capital and building on the program growth we've achieved throughout the relationship," said Doug Collier, chief marketing officer and president International for La-Z-Boy. "Their strong approval rates and credit lines enable our customers to complement their homes and lives with beautiful home furnishings."

La-Z-Boy has been one of the nation's leading manufacturers of upholstered furniture for 85 years. Today, the company offers a full range of products, including sofas, sectionals, ottomans, and accessories, along with its iconic recliners. The La-Z-Boy Card is the company's private label consumer credit card program in the U.S., providing extended terms and special financing promotions*. Customers can apply online or use in-store application kiosks for secure processing and fast credit decisions.

"GE Capital has nearly eight decades of experience helping businesses build sales and customer loyalty through special financing solutions, and we are pleased to continue working with La-Z-Boy on their successful credit card program," said Darrell Owens, vice president, Home Furnishings, GE Capital's Retail Finance business.

For more than 75 years, GE Capital has helped major retailers and more than 200,000 small- and mid-sized businesses throughout the United States build consumer financing programs that support business growth and customer satisfaction. GE Capital is a leading provider of consumer credit in the Home Furnishings industry for more than 60 years. The company supports its clients with proprietary online technology such as Business Center, which includes service, marketing and sales tools, as well as Learning Center, providing businesses with access to comprehensive training for their teams on financing for consumers.

*Subject to credit approval and availability

About La-Z-Boy

Headquartered in Monroe, Mich., La-Z-Boy has been one of the world's leading residential furniture producers for 85 years. The company manufactures a full line of comfortable products for the living room and family room, including the company's world-famous recliners, reclining sofas and love seats, sleep sofas, modular furniture and leather upholstery, as well as stationary sofas, love seats and chairs. It is a division of La-Z-Boy Incorporated (NYSE: LZB), one of the world's leading residential furniture producers, marketing furniture for every room of the home. Live life comfortably®. More information can be found at www.la-z-boy.com, @lazboycomfort and Facebook.com/lazboy.

About GE Capital's Retail Finance business

GE Capital's Retail Finance business is among the country's most successful retail lenders, with more than 75 years of experience in consumer financing. The business, with its lending entity GE Capital Retail Bank, provides customized credit programs to retailers and consumers in the United States and Canada that help drive sales. This includes private label and bankcard credit programs to major national, regional and independent retailers in the U.S., as well as private label credit programs, promotional and installment lending, bankcards and financial services for consumers through dealers; contractors; manufacturers; healthcare practices; and service providers across nearly 20 industries. We are not just bankers; we help clients build better businesses. More information can be found at www.gogecapital.com and twitter.com/GoGECapital.

GE Capital is one of the world's largest providers of credit. For over one million businesses, large and small, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. For our 100+ million consumer customers, GE Capital offers credit cards, sales finance programs, home, car and personal loans and credit insurance. For more information, visit www.gecapital.com or follow company news via Twitter @GECapital.

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

©2012 General Electric Company, All rights reserved.

GE
Cristy Williams, 678-518-2596
[email protected]


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL ELECTRIC COMPANY
08:25a GENERAL ELECTRIC : Is GE Still Guided by Global Best Practices?
05/26 GENERAL ELECTRIC : Presolicitation Notice - GE MR-750 Discovery MRI scanner and ..
05/25 GENERAL ELECTRIC : An Application for the Trademark "MIX DIRECTOR" Has Been File..
05/25 GENERAL ELECTRIC COMPANY : 's Trademark Application for "MYPLANT" Filed
05/25 GENERAL ELECTRIC : Trademark Application for "MIX CORE" Filed by General Electri..
05/25 GENERAL ELECTRIC : NPA's seizure of 156m euros equipment stalls 245MW power plan..
05/25 GENERAL ELECTRIC : MILITARY $8.58 Million Federal Contract Awarded to General El..
05/25 Alok Maskara Named as Next Chief Executive Officer of Luxfer Group
05/25 GENERAL ELECTRIC : GE East Africa Digital Roadshow
05/25 GENERAL ELECTRIC : FG Concessions Rail Lines to GE, Multinational to Invest over..
More news
Sector news : Industrial Conglomerates
05/26 BA and Iberia plan third-party booking surcharge, Amadeus shares hit
05/25 EXCLUSIVE : Bankrupt Westinghouse ends pensions for ex-CEOs, executives
05/24 E I DU PONT DE NEMOURS AND : Loeb sees $20 billion more value from Dow-DuPont me..
05/24DJDOW CHEMICAL : Dan Loeb to Call for Changes to Dow-DuPont Post-Merger Plan--Upda..
05/24DJDOW CHEMICAL : Dan Loeb to Call for Changes to Dow-DuPont Post-Merger Plan -- Up..
More sector news : Industrial Conglomerates
News from SeekingAlpha
05/27 GE Vs. 3M - A Different Take On Dividend Growth
05/26 HONEYWELL : Activists Flooding Industrials
05/26 GE : Don't Scoop Up Shares Just Yet
05/26 GENERAL ELECTRIC : CEO Jeff Immelt Just Tapped Out
05/25 THE GOOD BUSINESS PORTFOLIO : 2017 1st Quarter Earnings And Performance Review
Advertisement
Financials ($)
Sales 2017 125 725 M
EBIT 2017 18 164 M
Net income 2017 12 802 M
Debt 2017 35 615 M
Yield 2017 3,52%
P/E ratio 2017 18,89
P/E ratio 2018 15,76
EV / Sales 2017 2,18x
EV / Sales 2018 2,09x
Capitalization 238 375 M
More Financials
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Full-screen chart
Technical analysis trends GENERAL ELECTRIC ...
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 32,1 $
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey R. Immelt Chairman & Chief Executive Officer
Shane Fitzsimons Senior Vice President-Global Operations
Jeffrey S. Bornstein Chief Financial Officer & Senior Vice President
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL ELECTRIC COMPA..-13.01%238 375
3M CO12.38%119 848
SIEMENS AG7.92%119 753
HONEYWELL INTERNATIONA..15.45%101 582
E I DU PONT DE NEMOURS..6.06%67 498
ILLINOIS TOOL WORKS IN..14.73%48 491
More Results