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News Release
HSBC Retail Services Extends Retail Credit Agreement with Storehouse Furniture
HSBC - North America's retail services business has signed a multi-year agreement to renew its retail credit program with Storehouse Furniture Inc.
21 March 2006
PROSPECT HEIGHTS, Ill. – March 21, 2006 – HSBC - North America’s retail services business has signed a multi-year agreement to renew its retail credit program with Storehouse Furniture Inc., a leader in well-designed, well-priced contemporary furnishings. Storehouse, recognized as one of the top 100 furniture stores in America, is a Winner of the American Furniture Award from Home Magazine and is a recipient of the ARTS Award as the most outstanding National Furniture Store.
In addition to providing Storehouse customers with a more convenient way to pay for their furniture purchases, the Storehouse credit card offers cardholders additional buying power and customized financing options. Cardholders also receive advanced notice of sales and special in-store events.
"We are delighted to continue our 15-year relationship with Storehouse," said Richard Klesse, managing director of client relations for HSBC’s retail services business. "Our goal has always been to leverage our furniture industry expertise so that we can provide Storehouse with strong marketing promotions and innovative financing solutions that will attract new customers and enhance existing customer relationships."
"Working with HSBC has assisted us in making good design accessible for our customers," said Caroline Hipple, president of Storehouse. "Through easy and affordable financing options, we are able to provide our customers with creative solutions to make their home furnishing dreams come true. We are excited to continue our strong partnership with HSBC."
About Storehouse
Storehouse Inc. offers a sophisticated and eclectic blend of unique furnishings that offer all the elements of home décor. The specialty home furnishings retailer is known for its distinctive collection of upholstery, dining, bedroom and home office furniture with style ranging from contemporary to classic. Through its home furnishings catalog, web and more than 60 stores located in upscale village centers throughout the Southeast, the Mid Atlantic and Texas, Storehouse is available nationwide. A subsidiary of The Rowe Companies, Storehouse is based in Atlanta with distribution centers in Atlanta, Houston and Laurel, MD.
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 more than 60 active merchant relationships. For more information, visit www.hsbcretailservices.com.
About HSBC – North America
HSBC - North America (NYSE: HBC) comprises all of HSBC's U.S. and Canadian businesses, including the former Household International businesses. The company’s businesses serve nearly 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
- Diane Soucy Bergan
- Diane.Soucy.Bergan@us.hsbc.com
- HSBC - North America
- 847.564.6761
