Private Label Credit Card to Integrate with
Mobile Check-Out Capabilities
STAMFORD, Conn. and COPPELL, Texas, June 8, 2023
/PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer
financial services company, and The Container Store Group,
Inc. (NYSE: TCS), the leading specialty retailer of organizing
solutions, custom spaces, and in-home services, today announced an
expansion and extension of their consumer financing partnership.
The multi-year agreement will include integration of a digital
private-label credit card and mobile wallet into The Container
Store's mobile app check-out capabilities.
The Container Store's credit card can be used in conjunction
with its Organized Insider loyalty program, allowing cardholders to
receive exclusive offers and benefits when they shop with The
Container Store credit card. Existing cardholders and new customers
will continue to receive offers for special financing, including
deferred interest financing with a variety of term options (with
minimum monthly payments required, subject to credit
approval), plus additional benefits and savings of the newly
enhanced card program. The Container Store customers can also check
if they prequalify for credit with no impact to their credit score
and apply for the card directly from their personal devices.
"We are committed to offering our customers the best retail and
purchasing experience. By partnering with Synchrony, we are making
it fast and easy to provide shoppers with more benefits and
flexible financing to meet all budget needs," said Jeff
Miller, Chief Financial Officer, The Container Store. "We aim
to seamlessly offer our customers the financing options they need
and deliver the rewards they deserve."
"The Container Store shoppers value custom solutions – from
closet organization to tailor-made living spaces – and that's
exactly what we at Synchrony seek to offer. A unique financing
program that meets the needs of our partners and their customers,"
said Darrell Owens, Senior Vice
President, Synchrony. "We look forward to continuing to innovate
alongside The Container Store to serve their customers and make
their home organizing solutions a reality."
About The Container Store
The Container Store Group,
Inc. (NYSE: TCS) is the nation's leading specialty retailer of
organizing solutions, custom spaces, and in-home services – a
concept they originated in 1978. Today, with locations nationwide,
the retailer offers more than 10,000 products designed to transform
lives through the power of organization Visit
www.containerstore.com for more information about products, store
locations, services offered and real-life inspiration.
About Synchrony
Synchrony (NYSE: SYF) is a
premier consumer financial services company delivering one of the
industry's most complete digitally-enabled product suites. Our
experience, expertise and scale encompass a broad spectrum of
industries including digital, health and wellness, retail,
telecommunications, home, auto, outdoor, pet and more. We have an
established and diverse group of national and regional retailers,
local merchants, manufacturers, buying groups, industry
associations and healthcare service providers, which we refer to as
our "partners." We connect our partners and consumers through our
dynamic financial ecosystem and provide them with a diverse set of
financing solutions and innovative digital capabilities to address
their specific needs and deliver seamless, omnichannel experiences.
We offer the right financing products to the right customers in
their channel of choice. For more information,
visit www.synchrony.com and Twitter: @Synchrony.
Contacts
Lauren Devilbiss
Synchrony
lauren.devilbiss@syf.com
240-814-5825
Katelyn Clinton
The Container Store Group, Inc.
publicrelations@containerstore.com
972-538-6000
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SOURCE Synchrony