Press Release
HSBC Retail Services Furnishes Domain with Private Label Credit Program
New deal extends 10-year partnership
8 March 2005
PROSPECT HEIGHTS, Ill. -- March 8, 2005 -- HSBC - North America’s retail services business has renewed its relationship with Domain Home Fashions to manage the company’s private label credit card program. Domain is an upscale retailer of unique and high quality home furnishings.
Partners since 1994, the Domain private label credit card offers customers the opportunity to use financing to purchase their home furnishings and accessories. Domain cardholders benefit from flexible payment plans and generous credit lines and promotions.
“As the leading private label credit provider in the furniture industry, we will continue to leverage our expertise to help Domain grow its sales,” said Richard Klesse, managing director of client relations for HSBC’s retail services business. “We remain committed to providing Domain with the best financing solutions in the industry.”
“Our 10 year partnership with HSBC has been very rewarding,” said William Rauch, chief financial officer for Domain Home Fashions. “By working together on new initiatives and promotions, we’ve seen an increase in our average sales transaction resulting in consistent sales growth for our 30-store chain.”
About Domain
Domain is an upscale retailer of unique and high quality home furnishings. The company currently operates 30 stores from Boston, Massachusetts to Washington, D.C. Well-loved for its affordable decorator looks, fully-accessorized displays and classic European-styling, Domain has won numerous industry and customer awards, including Outstanding National Furniture Store Chain.
About HSBC Retail Services
HSBC Retail Services is a leading issuer of private label (merchant branded) credit cards in the United States. Our business provides flexible, customized credit card solutions for the world’s premier retailers and manufacturers and has over 60 active merchant relationships, including Best Buy, Levitz Furniture and Saks Fifth Avenue.
About HSBC - North America
HSBC - North America comprises all of HSBC's U. S. and Canadian businesses, including the former Household businesses. The company’s businesses serve more than 60 million customers in five key areas: personal financial services, consumer finance, commercial banking, private banking and corporate investment banking and markets. Financial products and services are offered under the HSBC, HFC and Beneficial brands. For more information, visit: www.hsbcusa.com.
Media Contacts
- Kathleen Morrison
- kathleen.a.morrison@us.hsbc.com
- Director, Group Public Affairs
- HSBC - North America
- (847) 564-6111
