News Release
Petland and HSBC Unleash Credit Program
Enables Pet Lovers to More Easily Pamper Their Pets
25 October 2006
PROSPECT HEIGHTS, Ill. - HSBC - North America's retail services business has entered into a new agreement with Petland, Inc., to launch and manage a private label credit program that consumers can use at any of Petland's stores nationwide.
The new credit card offers Petland customers a convenient way to purchase pets, food and accessories, grooming supplies and more. Cardholders will receive a complimentary membership in Petland's ClubPet customer loyalty program, as well as an exclusive 5% discount on all regularly-priced merchandise every time they use their Petland credit card to make purchases. In addition, cardholders will receive special financing offers.
"In our continued effort to provide our customers with an enhanced shopping experience, Petland is excited about our new partnership with HSBC and the introduction of our new private label Petland credit card," said Joe Watson, vice president of retail operations for Petland, Inc. "This agreement is an enhancement to Petland's current customer loyalty program, and provides added value for our established and loyal customer base. Our alliance with HSBC will facilitate a quick and easy process to secure our customers with a means of financing all their future Petland purchases."
American consumers' interest in the care and feeding of their pets is ever increasing. According to the American Pet Products Manufacturers Association, 63% of U.S. households currently own at least one pet. APPMA estimates that $38.4 billion will be spent on pet care in the United States in 2006.
"We are excited to be able to leverage our vast experience in retail to work with Petland in the growing pet care industry," said Joe Hoff, CEO of Retail Services for HSBC. "This new Petland card provided by HSBC will further increase the service Petland provides its customers by offering them a financing solution and loyalty program for all their pet care needs."
Media Contacts
- Cindy Savio
- cindy.d.savio@us.hsbc.com
- HSBC - North America
- 847.564.7962
