GE Money and Lumber Liquidators Launch Consumer Financing Program
19 Octobre 2009 - 5:00PM
Business Wire
GE Money, the consumer lending unit of General Electric Company
(NYSE:GE), and Lumber Liquidators (NYSE: LL), the nation’s largest
hardwood flooring retailer, announce a multi-year agreement to
offer consumer financing. The Lumber Liquidators credit card offers
consumers a no annual fee card with special financing options and
0nline account management. The card is managed by GE Money’s Sales
Finance unit, which provides billions of dollars of consumer
financing through more than 145,000 small business locations on
Main Streets across the United States.
“We continue to bring value to consumers, both in our product
offering and customer service,” said Rob Morrison, senior vice
president of store operations for Lumber Liquidators. “The Lumber
Liquidators card will help us achieve continued growth, and enable
our customers to make the flooring purchases they need and
want.”
Lumber Liquidators offers 150 varieties of flooring, including
solid and engineered hardwood, bamboo, cork and laminate. According
to Catalina Research, the hardwood flooring industry is estimated
at $2.5 billion, and is anticipated to experience continued
expansion. To support current need and planned growth Lumber
Liquidators will continue to open stores in the new year.
“Lumber Liquidators is a highly respected and recognizable
company and we're honored that they've chosen GE Money as their
financing program provider,” said Sharon Burkitt, vice president of
sales, GE Money – Sales Finance. “We look forward to working with
them by providing innovative financing solutions.”
About Lumber Liquidators
Lumber Liquidators is the largest specialty retailer of hardwood
flooring in the United States. With more than 180 stores and 150
varieties of flooring, including solid and engineered hardwood,
bamboo, cork and laminate, and featuring premier brands such as
Bellawood Prefinished Hardwood Flooring (with a 50-year warranty),
Dream Home, Sch�n, Virginia Mill Works, and Morning Star, Lumber
Liquidators has one of the most extensive selections of prefinished
and unfinished hardwood flooring in the industry. Their hardwood
lines are made up of more than 25 domestic and exotic wood species
in various lengths and widths. For more information, visit
www.lumberliquidators.com.
About GE Money
GE Money’s Sales Finance unit, based in Kettering, Ohio, is a
part of General Electric Company’s GE Capital division, (NYSE: GE).
GE Money provides credit card programs and financial services for
consumers through dealers; national, regional and independent
retailers; associations; contractors; manufacturers; healthcare
practices; and service providers in nearly 20 industries including:
automotive, consumer electronics and appliances, elective health
care, floor covering, home design and improvement, home
furnishings, jewelry, music, powersports, outdoor power equipment
and sporting goods. More information can be found at
http://www.gemoney.com.
GE (NYSE: GE) is a diversified global infrastructure, finance
and media company that is built to meet essential world needs. From
energy, water, transportation and health to access to money and
information, GE serves customers in more than 100 countries and
employs more than 300,000 people worldwide. GE is Imagination at
Work. For more information, visit the company's Web site at
http://www.ge.com.
©2009 General Electric Company, All rights reserved.
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