Citizens and The Tile Shop Partner to Provide Flexible Financing Options for Home Design Projects
28 6월 2023 - 9:00PM
Business Wire
Citizens today announced a new partnership with The Tile Shop,
enabling the specialty retailer of tiles, materials, and related
accessories to offer shoppers a more predictable, affordable way to
pay for in-store purchases and bring their home decor projects to
life without compromise. Citizens Pay, a market leading consumer
installment financing solution from Citizens, is the exclusive
financing partner for The Tile Shop, giving customers shopping at
one of the retailers’ 143 showrooms across the country access to
convenient, flexible payment options.
“Budgeting and paying for home projects can be stressful, but by
removing some of the financial barriers through predictable,
low-interest monthly payment options, we can empower and better
equip homeowners to turn their inspiration into reality,” said
Christine Roberts, Executive Vice President and Head of Citizens
Pay. “We are excited to partner with The Tile Shop to provide their
customers with the financial flexibility to responsibly manage and
pay off home improvement projects over time.”
Citizens Pay financing is now available in-store at all 143 The
Tile Shop showrooms, with pre-qualification also available via the
retailer’s website, for those who start their design planning
journey online. Customers who qualify will benefit from Citizens’
ability to offer low interest rates and monthly payments. In
addition to flexible payment terms, there are no prepayment
penalties or membership fees.
“Partnering with Citizens Pay to offer trustworthy and
convenient financing for our customers is an extension of our
commitment to excellence across the customer experience,” said Mark
Davis, Vice President of Investor Relations & Chief Accounting
Officer at The Tile Shop. “Home renovations and design projects are
a highly considered purchase and investment, and this new financing
option will empower our customers to make their dream home projects
a reality, without compromising their design vision or budget.”
A recent Citizens Pay survey found that among American consumers
considering buying a new home, 36% wish they had the financial
flexibility to afford home renovations1. The survey also found that
financial flexibility to make big ticket purchases (53%) is the top
benefit that consumers cite for using buy-now-pay-later (BNPL)
services, and 45% prefer BNPL options with longer-term financing,
such as monthly payments over a period longer than six months.
Citizens Pay is a market leader in point-of-sale financing,
offering a responsible way for consumers to pay for large purchases
in fixed, monthly payments, while providing merchants with
tailored, embedded financing options that drive customer loyalty.
For additional details on Citizens Pay, visit
www.citizenspay.com.
1Data from a survey conducted by Wakefield on behalf of Citizens
Pay from January 20 and January 29, 2023, with a panel of 2,000
nationally representative U.S. adults ages 18+, including an
oversample of 500 Gen Z respondents.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and
largest financial institutions, with $222.3 billion in assets as of
March 31, 2023. Headquartered in Providence, Rhode Island, Citizens
offers a broad range of retail and commercial banking products and
services to individuals, small businesses, middle-market companies,
large corporations and institutions. Citizens helps its customers
reach their potential by listening to them and by understanding
their needs in order to offer tailored advice, ideas and solutions.
In Consumer Banking, Citizens provides an integrated experience
that includes mobile and online banking, a full-service customer
contact center and the convenience of approximately 3,400 ATMs and
approximately 1,100 branches in 14 states and the District of
Columbia. Consumer Banking products and services include a full
range of banking, lending, savings, wealth management and small
business offerings. In Commercial Banking, Citizens offers a broad
complement of financial products and solutions, including lending
and leasing, deposit and treasury management services, foreign
exchange, interest rate and commodity risk management solutions, as
well as loan syndication, corporate finance, merger and
acquisition, and debt and equity capital markets capabilities. More
information is available at www.citizensbank.com or visit us on
Twitter, LinkedIn or Facebook.
About The Tile Shop
The Tile Shop is a leading specialty retailer of natural stone
and man-made tiles, setting and maintenance materials, and related
accessories in the United States. The Tile Shop offers a wide
selection of high-quality products, exclusive designs,
knowledgeable staff and exceptional customer service in an
extensive showroom environment. The Tile Shop currently operates
143 stores in 31 states and the District of Columbia. The Tile Shop
is a proud member of the American Society of Interior Designers
(ASID), National Association of Homebuilders (NAHB), National
Kitchen and Bath Association (NKBA), and the National Tile
Contractors Association (NTCA). Visit www.tileshop.com. Join The
Tile Shop (#thetileshop) on Facebook, Instagram, Pinterest and
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20230628493115/en/
Eleni Garbis eleni.garbis@citizensbank.com (781) 471-2233
Citizens Financial (NYSE:CFG)
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Citizens Financial (NYSE:CFG)
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