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News Release
HSBC Retail Services, CompUSA Continue Private Label Credit Alliance
Multi-year agreement renews strong, 11-year relationship
2 August 2005
PROSPECT HEIGHTS, Ill. – HSBC - North America's retail services business has renewed its relationship with CompUSA® to manage the company’s private label credit card program. CompUSA is a leading technology retailer in the United States and Puerto Rico.
The CompUSA private label credit card offers customers the opportunity to use financing to purchase personal computers, computer accessories, and consumer electronic products such as televisions, digital cameras and DVD players. CompUSA cardholders benefit from HSBC’s customized private label programs offering flexible payment plans, generous credit lines and financing promotions.
“The strength of our relationship with CompUSA is built on meeting the needs of their business,” said Richard Klesse, managing director of client relations for HSBC’s retail services business. “Our long-standing relationship is a testament to our commitment and ability to find innovative ways to provide value to our partners and help them grow their business.”
“When it comes to unleashing the power of technology, our customers expect flexible buying options that make their purchases simple and convenient,” said Mike Bryk, vice president of finance and administration for CompUSA. “HSBC has been key to helping us meet customer buying needs for the past 11 years, and we look forward to continuing a great relationship.”
About CompUSA
CompUSA, Inc. a Dallas-based company, is one of the nation’s leading retailers and resellers of technology products and services. CompUSA currently operates more than 240 CompUSA locations in more than 90 major metropolitan markets across the United States and Puerto Rico. In addition, CompUSA’s Web site offers an assortment of more than 170,000 items. Visit them at www.compusa.com.
About HSBC Retail Services
HSBC Retail Services is a leading issuer of private label (merchant branded) credit cards in the United States. This business provides flexible, customized credit card solutions for many of the world’s premier retailers and manufacturers and has over 60 active merchant relationships. For more information, visit www.hsbcretailservices.com.
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, Public Affairs
- HSBC - North America
- (847) 564-6111
