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GE Capital Retail Bank renews consumer financing agreement with Discount Tire

BY Staff Writer

Stamford, Conn. — GE Capital Retail Bank has announced a multi-year renewal to continue providing financing for customers of Discount Tire, the nation’s leading independent tire retailer. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help grow their customer sales, will continue to manage the Discount Tire relationship and service the account.

The Discount Tire CarCareOne credit card program, which began in 1997, provides customers with convenient payment options and benefits for their full-service tire replacement, wheel, and maintenance and repair purchases at any of the company’s more than 800 stores and online at discountire.com or tires.com. Cardholders can qualify for rebates, promotional financing terms, exclusive savings, e-bill and e-payment, and other options.

“The CarCareOne financing program is an essential tool for supporting our growth initiatives and an important part of our service offering, giving customers payment options that enable them to budget for planned and unplanned auto care,” said Christian Roe, CFO, Discount Tire, which operates more than 800 stores in 23 states. “GE Capital understands the needs of our customers and our business as we continue to evolve.”

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Charming Shoppes names head of Charming Direct

BY CSA STAFF

BENSALEM, Pa. — Charming Shoppes has announced that Jeffrey Liss has been promoted to SVP general manager of Charming Direct, the company’s direct-to-consumer business.

As general manager of Charming Direct, Liss will have full responsibility for the company’s direct-to-consumer and e-commerce businesses, including the company’s retail brands’ related e-commerce businesses and Figi’s, the company’s food and gift business. Liss will also be responsible for the company’s CRM and customer insights functions. He reports directly to Anthony Romano, president and CEO of Charming Shoppes Inc.

Liss previously served as SVP and COO of Charming Direct, overseeing the finance, planning, operations, logistics, and customer service teams. Prior to that, Liss held the position of VP strategy and also led the customer insights team responsible for developing a deeper understanding of – and a closer relationship with – the company’s customers. He joined Charming Shoppes in 2004 from Gunn Partners, where he held the position of senior managing consultant.

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Lululemon Q4 profit up 34.2%; same-store sales jump 26%

BY Staff Writer

New York — Lululemon Athletica Inc.’s income rose 34.2% to $73.5 million for the three months ended Jan. 29, from $54.8 million in the year ago period.

Revenue in the fourth quarter was up 51.4% to $371.5 million, from $245.4 million. Same-store sales increased 26%.

For the year, sales rose 40.6% to $1 billion. Profits were up 51.1% to $184.1 million.

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