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GE Capital Retail Bank and American Eagle Outfitters Extend Long-Term Consumer Financing Program
|By Business Wire
|April 7, 2014 02:24 PM EDT
GE Capital Retail Bank announced today a long-term extension of its
agreement with American Eagle Outfitters, Inc. (NYSE:AEO), a leading
specialty retailer, to continue providing private label credit card
programs for online, mobile app, and store purchases made at any of the
856 American Eagle Outfitter and 115 Aerie locations across the U.S. As
part of the seven-year agreement, GE Capital’s Retail Finance business
will continue to manage the American Eagle Outfitters credit card
program, which began in 1996.
“For nearly two decades, we’ve had the opportunity to work with American
Eagle and Aerie to create customer-focused financing solutions that
align with their brand and provide value to millions of their
customers,” said Curtis Howse, general manager, GE Capital’s Retail
Finance business. “We share American Eagle Outfitters’ commitment to
integrate new technologies and services that enable their customers to
maximize their budget and enjoy a frictionless shopping experience when
and where they want.”
Customers can use their American Eagle Outfitters® and Aerie® credit
cards at 856 American Eagle Outfitter and 115 Aerie stores in the U.S.
They can apply for the credit cards in-store, online
and on their mobile devices and can manage their accounts from their
mobile devices and from the American Eagle Outfitters mobile app.
Cardholders can earn a 15% new account discount, $10 Extra Savings
coupons, and access to four exclusive cardholder events a year. In
addition, cardholders can also earn AERewards program discounts.
“GE Capital Retail Finance understands our business and has the
expertise and willingness to evolve with us and bring innovative
programs that build loyalty our customers appreciate,” said Mary Boland,
Chief Financial and Administrative Officer and Executive Vice President,
American Eagle Outfitters, Inc. “We are pleased to have the opportunity
to continue to provide tools, resources and rewards that enhance the
shopping experience for our customers.”
GE Capital's Retail Finance business works with major retailers and
thousands of small- and mid-size businesses and health care practices
across the U.S. to provide consumer financing and industry expertise, as
well as online program management tools; loyalty solutions; and research
and insights on consumer buying trends and the purchase journey. The
business is certified as a 2014 Customer Service Center of Excellence by BenchmarkPortal,
LLC, a global leader in the contact center industry.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE:AEO) is a leading global specialty
retailer offering high-quality, on-trend clothing, accessories and
personal care products at affordable prices under its American
Eagle Outfitters® and Aerie® brands. The company operates more than
1,000 stores in the United States, Canada, Mexico, China, and Hong Kong,
and ships to 81 countries worldwide through its websites. American Eagle
Outfitters and Aerie merchandise also is available at 69 licensed
international franchise stores in 12 countries. For more information,
please visit www.ae.com.
About GE Capital’s Retail Finance business
GE Capital's Retail Finance business is one of the country's leading
retail lenders, with 80 years of experience in consumer financing. The
business, with its lending entity GE Capital Retail Bank, provides
customized credit programs for retailers and consumers in the United
States. This includes private label and bankcard credit programs for
major national, regional and independent retailers in the U.S., as well
as private label credit card programs, special financing, and
promotional and installment lending, bankcards and financial services
for consumers through dealers; contractors; manufacturers; healthcare
practices; and service providers across diverse industry segments. More
information can be found at www.gogecapital.com
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
its 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.
©2014 General Electric Company, All rights reserved.
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