TD Bank’s U.S. Partnerships business – a leading U.S. credit card issuer – announced today that it has signed a multi-year agreement with Walter E. Smithe Furniture & Design, a furniture company based in the Chicago metropolitan area.
Through this partnership, TD will provide Walter E. Smithe Furniture & Design clients with financing options through the retailer's SmitheCard®. Clients are able to apply for the SmitheCard at the retailer's eleven showrooms across Illinois and Indiana, and on the retailer’s website, www.smithe.com.
"Presenting clients with financing options is just as important as offering quality products, steadfast warranties, and an impressive inventory – it's something clients have simply come to expect and rely on," said Walter Smithe, III, President, Walter E. Smithe Furniture & Design. "When we were reviewing our options for financing partners, we were impressed with TD's client-centric approach and their willingness to customize a program that works best for our clients while aligning with our business objectives. We prioritize the client experience, and so do they – so this was an ideal fit for us."
TD Partnerships recently conducted its inaugural Retail Experience Index survey and found that more than one quarter (27 percent) of consumers surveyed would be more likely to make a major purchase, defined as a single purchase of $500 or greater, if financing was offered. Recognizing just how important financing programs are to engaging today's customers, Walter E. Smithe Furniture & Design has continued to provide clients with affordable options that enable them to furnish and enjoy their homes now, while paying over time.
"Walter E. Smithe Furniture & Design is truly an iconic brand in the Chicago area, and we couldn't be more pleased to partner with them," said Mike Rittler, Head of Partnership Programs, TD Bank. "We're excited to align and customize our offerings to contribute to the continued success of their business, while leveraging our own financing and marketing expertise to incorporate tools and solutions that will deepen client engagement and drive sales."
TD Bank’s U.S. Partnerships business (www.tdpartnershipprograms.com) launches and administers new credit card portfolios for merchants across all sales channels, and acquires retailers’ existing credit card portfolios.