Tourneau, Inc., the nationâs largest fine watch retailer, is parlaying its prestigious image and credit advantages to benefit its customers via the new Tourneau private label credit card. Tourneau has signed a five-year agreement with Retailer Financial Services, a GE Capital Services company.
Historically, many retailers have experienced an increase in sales following the introduction of a private label card program. Tourneauâs new card customers are able to participate in exclusive promotions tailored to their buying patterns, and are eligible for flexible payment schedules that âbuy timeâ to pay off high-ticket items.
Under the agreement, GE Capital will provide Tourneau with enhanced consumer marketing and database management services; new account origination and processing; credit purchase funding; immediate sales authorization; credit card and billing statement production; account payment processing; customer service; collections and total risk management.
âAs the worldâs premier watch retailer, we need a leading financial services partner with unsurpassed customer service capabilities. GE Capital provides the outstanding level of quality, customer service and marketing expertise that our customers demand,â said Howard Levitt, Chief Operating Office of Tourneau.
Commenting on the synergies, Ed Stewart, President and CEO of GE Capital Retailer Financial Services, noted âTourneau is an innovative retailer with an unsurpassed reutation for quality and service. Our partnership will allow Tourneau the opportunity to extend to its customer more buying power and flexibility than ever before.â
Tourneau, Inc., headquartered in New York City, has nine locations in New York, California, Florida and Texas. The company recently opened its 16,000 sq. ft. flagship store on the corner of 57th street and Madison Avenue in Manhattan. Tourneau represents more than 70 brands of fine watches in more than 7,000 styles which retail for $60 to $250,000. Their product selection includes such exclusive names as Rolex, Cartier, Omega, Movado, Breitling, Piaget and Patek Phillippe. Tourneau also offers an extensive collection of vintage watches, fine jewelry and writing instruments.
GE Capital Retailer Financial Services (RFS) is a world leader in providing credit, customer service, billing and payment processig services for retailers and consumers in the United States and Canada. It provides third-party private label credit card, proprietary credit services and database marketing solutions to more than 300 retailers and 70 million cardholders in North America. Retailer Financial Services is a GE Capital Services company.
GE Capital Services, with assests of over US$250 billion, is a global, diversified financial services company. A wholly-owned subsidary of General Electric Company, GE Capital Services, based in Stamford, CT, provides equipment management, mid-market and specialized financing, specialty insurance and a varity of consumer services, such as car leasing, home mortgages and credit cards, to businesses and individuals around the world. GE is a diversified manufacturing, technology and servies company with operations worldwide.Details