This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE Capital Retail Bank And Ritani Introduce Private Label Credit Card Program

GE Capital Retail Bank and Ritani, a leading designer of engagement rings and fine jewelry, today announced a multi-year agreement to provide a branded private label credit card program for jewelry customers. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help grow their customer sales, will manage the relationship and service the account.

The Ritani Credit Card is available for purchases on Ritani.com, participating Ritani Free In-Store Preview Jewelers, and via its telephone call center. An online application will be available at Ritani.com, providing cardholders with extended terms and special financing promotions* on purchases. Ritani cardholders can also access and manage their account with a suite of digital tools, including the online Consumer Center and mService, a mobile servicing platform available on iOS, Android, Blackberry and Windows devices.

“Purchasing an engagement ring or other fine jewelry is a significant occasion in one’s life,” said Brian Watkins, president of Ritani. “We are committed to making the experience a positive one, and GE Capital’s vast expertise, digital capabilities and special financing programs strongly support our growth strategy and the needs of our retailers and customers.”

Financing plays an important role for jewelry shoppers, according to the second annual Major Purchase Shopper Study** commissioned by GE Capital’s Retail Finance business. More than 80 percent of fine jewelry shoppers begin their research online, reviewing product styles as well as promotions and payment options; and spend 72 days (up 32 days from 2012) on average, considering a jewelry purchase. The findings confirm that 63 percent of all jewelry shoppers determine how they will pay for their purchase before they visit a store, and that the availability of financing drove their choice of retailer for 43 percent of all jewelry shoppers surveyed .

“Ritani is an industry leader, marrying the online and offline shopping experience,” said Regina Leadem, vice president of Sales for the Jewelry and Luxury segment of GE Capital’s Retail Finance business. “We are delighted to work with Ritani and provide convenient payment options that enable their customers to design and select the jewelry of their dreams.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs