News Release
HSBC Builds Consumer and Commercial Credit Programs for Lumber Liquidators
22 May 2007
PROSPECT HEIGHTS, Ill. - HSBC Finance Corporation's card and retail services business has formed a strategic alliance with Lumber Liquidators, the nation's largest direct retailer of hardwood flooring, to grow its credit programs. HSBC will provide Lumber Liquidators commercial customers with customized business payment solutions, and also offer their consumer customers flexible credit options.
The new HSBC credit programs offer Lumber Liquidators' consumer and commercial customers revolving credit products with a variety of special financing promotions. The consumer credit card carries no annual fee and provides cardholders with a dedicated credit line they can use for all of their in-store, catalog and online purchases. For the first time, commercial customers benefit from a host of unique, business-oriented program benefits including a dedicated credit line, expense management and detailed transaction information.
"Lumber Liquidators is a recognized leader in hardwood flooring sales, and we are pleased that they chose HSBC to launch and manage their consumer and commercial financing programs," said Joe Hoff, managing director of Retail Services for HSBC. "Our goal is to help Lumber Liquidators grow these segments by increasing sales through innovative, flexible financing solutions, while allowing them to focus on their core business needs."
"We want our customers to have options. Now they can select from a vast assortment of flooring and choose how to pay. Everyone can get the floor of their dreams at Lumber Liquidators," said Tom Sullivan, founder of Lumber Liquidators.
About Lumber Liquidators
Lumber Liquidators is the largest independent retailer of hardwood flooring in the country, with over 100 locations nationwide. They offer a wide selection of brands and products that include exotic and domestic species, engineered, bamboo and pre-finished flooring, such as Bellawood Hardwood Flooring with a 50 year warranty. For a location near you visit lumberliquidators.com or call 1-800-FLOORING. Lumber Liquidators…..Hardwood Flooring for Less!
Media Contacts
- Cindy Savio
- cindy.d.savio@us.hsbc.com
- HSBC - North America
- 847-564-7962
