GE Capital Retail Finance announces agreement to continue providing credit card program for Men's Wearhouse
STAMFORD, CT — May 24, 2011 — GE Capital Retail Finance, a consumer lending unit of General Electric Company (NYSE:GE - News), today announced an agreement to continue providing the U.S. consumer credit card program for Men’s Wearhouse for another seven years, building on their relationship that began in 1998. Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel and tuxedo rentals with over 1,100 stores in North America.
“Our relationship with GE Capital Retail Finance has enabled us to introduce programs to help our business grow and that our customers value. They have the breadth of experience and reach that we need in a long-term relationship. Customers appreciate the value the credit program provides through its every day savings,” states Mark Neutze, Executive Vice President of Stores, Men’s Wearhouse.
The Men’s Wearhouse Perfect Fit Credit Card offers accountholders an additional 5% discount on purchases made with the card in-store and online at menswearhouse.com. Cardholders also receive all the benefits of the Perfect Fit rewards program including: a $50 reward certificate for every $500 spent, $30 off every tuxedo rental and a Member-only birthday gift.
“Our individual programs are client-specific, designed to meet their business objectives and help drive sales. Continuing our relationship with Men’s Wearhouse will provide them the opportunity to leverage our expertise in this space to help grow their business. We look forward to building upon our decade-long relationship,” said Margaret Keane, CEO and President of GE Capital Retail Finance.
About GE Capital Retail Finance
GE Capital Retail Finance is a leading provider of credit programs to retailers and consumers in the United States. This includes customized private label and bankcard credit programs to major retailers in the U.S., as well as private label credit card programs, promotional and installment lending, bankcards and financial services for consumers through dealers; national, regional and independent retailers; contractors; manufacturers; healthcare practices; and service providers across more than 20 retail segments.
About GE Capital
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, retail sales finance programs, home, car and personal loans. For more information, visit gecapital.com or follow company news via Twitter @GECapital.