American Signature, Inc. Selects Progressive Leasing as Exclusive Lease-to-Own Partner
Progressive Leasing, a subsidiary of PROG Holdings, Inc. (NYSE: PRG), has been chosen as the exclusive lease-to-own partner for American Signature, Inc., owner of American Signature Furniture and Value City Furniture. This partnership will provide omnichannel lease-to-own solutions for over 120 stores nationwide. Starting in Q4 2023, customers will have access to Progressive Leasing's flexible payment options both in-store and online.
The collaboration aims to enhance American Signature's lease-to-own program, supporting their business goals while offering customers improved service. Progressive Leasing's selection was based on their industry-leading customer and partner support, as well as their ability to serve a broader customer base. The company's recent Silver Stevie® Award highlights their commitment to customer satisfaction and service excellence.
Progressive Leasing, una filiale di PROG Holdings, Inc. (NYSE: PRG), è stata scelta come partner esclusivo per la locazione con opzione di acquisto per American Signature, Inc., proprietaria di American Signature Furniture e Value City Furniture. Questa partnership offrirà soluzioni omnicanale di locazione con opzione di acquisto per oltre 120 negozi in tutto il paese. A partire dal Q4 2023, i clienti avranno accesso alle opzioni di pagamento flessibili di Progressive Leasing sia in negozio che online.
La collaborazione mira a migliorare il programma di locazione con opzione di acquisto di American Signature, supportando i loro obiettivi aziendali e offrendo ai clienti un servizio migliorato. La selezione di Progressive Leasing è stata basata sul loro supporto ai clienti e ai partner leader nel settore, oltre alla loro capacità di servire un'ampia base di clienti. Il recente Silver Stevie® Award ricevuto dall'azienda evidenzia il loro impegno per la soddisfazione del cliente e l'eccellenza del servizio.
Progressive Leasing, una subsidiaria de PROG Holdings, Inc. (NYSE: PRG), ha sido elegida como el socio exclusivo de arriendo a compra para American Signature, Inc., propietario de American Signature Furniture y Value City Furniture. Esta asociación proporcionará soluciones de arriendo a compra omnicanal para más de 120 tiendas en todo el país. A partir del Q4 de 2023, los clientes tendrán acceso a las opciones de pago flexibles de Progressive Leasing tanto en la tienda como en línea.
La colaboración tiene como objetivo mejorar el programa de arriendo a compra de American Signature, apoyando sus metas comerciales mientras se ofrece a los clientes un servicio mejorado. La selección de Progressive Leasing se basó en su soporte a clientes y socios líder en la industria, así como en su capacidad para atender a una base de clientes más amplia. El reciente premio Silver Stevie® recibido por la empresa destaca su compromiso con la satisfacción del cliente y la excelencia en el servicio.
프로그레시브 리스(Progressive Leasing)는 PROG 홀딩스(PORG Holdings, Inc.)(NYSE: PRG)의 자회사로서 미국 시그니처(American Signature, Inc.), 즉 미국 시그니처 가구(American Signature Furniture) 및 밸류 시티 가구(Value City Furniture)의 독점 임대 구매 파트너로 선택되었습니다. 이번 파트너십을 통해 전국 120개 이상의 매장에서 옴니채널 임대 구매 솔루션을 제공할 예정입니다. 2023년 4분기부터 고객은 매장과 온라인 모두에서 프로그레시브 리스의 유연한 지불 옵션에 접근할 수 있게 됩니다.
이번 협력은 미국 시그니처의 임대 구매 프로그램을 향상시키고 고객에게 개선된 서비스를 제공하며, 그들의 사업 목표를 지원하는 것을 목적으로 합니다. 프로그레시브 리스의 선택은 업계를 선도하는 고객 및 파트너 지원과 더 넓은 고객 기반을 지원할 수 있는 능력을 바탕으로 하였습니다. 이 회사의 최근 실버 스티비(Silver Stevie®)상 수상은 고객 만족과 서비스 우수성에 대한 헌신을 강조합니다.
Progressive Leasing, une filiale de PROG Holdings, Inc. (NYSE: PRG), a été choisie comme partenaire exclusif pour la location avec option d'achat pour American Signature, Inc., propriétaire de American Signature Furniture et Value City Furniture. Ce partenariat fournira des solutions de location avec option d'achat omnicanales pour plus de 120 magasins à travers le pays. À partir du T4 2023, les clients auront accès aux options de paiement flexibles de Progressive Leasing, tant en magasin qu'en ligne.
Cette collaboration vise à améliorer le programme de location avec option d'achat d'American Signature, en soutenant leurs objectifs commerciaux tout en offrant un service amélioré aux clients. La sélection de Progressive Leasing a été basée sur leur support client et partenaire de premier plan dans l'industrie, ainsi que leur capacité à servir une clientèle plus large. Le récent Silver Stevie® Award reçu par la société souligne son engagement envers la satisfaction des clients et l'excellence du service.
Progressive Leasing, eine Tochtergesellschaft von PROG Holdings, Inc. (NYSE: PRG), wurde als exklusiver Partner für Mietkauf für American Signature, Inc. ausgewählt, die im Besitz von American Signature Furniture und Value City Furniture ist. Diese Partnerschaft wird omnichannel Mietkauf-Lösungen für über 120 Filialen im ganzen Land bereitstellen. Ab dem 4. Quartal 2023 haben die Kunden sowohl im Geschäft als auch online Zugang zu den flexiblen Zahlungsoptionen von Progressive Leasing.
Die Zusammenarbeit zielt darauf ab, das Mietkauf-Programm von American Signature zu verbessern, um ihre Geschäftsziele zu unterstützen und den Kunden einen verbesserten Service zu bieten. Die Auswahl von Progressive Leasing basierte auf deren branchenführendem Kunden- und Partner-Support sowie der Fähigkeit, eine breitere Kundenbasis zu bedienen. Der kürzlich erhaltene Silver Stevie® Award des Unternehmens unterstreicht ihr Engagement für Kundenzufriedenheit und Serviceexzellenz.
- Exclusive partnership with a major furniture retailer (American Signature, Inc.) with over 120 stores
- Expansion of Progressive Leasing's market presence in the home furnishing sector
- Implementation of omnichannel lease-to-own solutions, enhancing customer accessibility
- Partnership to begin in Q4 2023, potentially boosting PRG's revenue in the near future
- Recognition with a Silver Stevie® Award for customer service excellence
- None.
Insights
This partnership between Progressive Leasing and American Signature, Inc. is a strategic move that could positively impact both companies. For Progressive Leasing, securing an exclusive deal with a major furniture retailer expands their market reach and potential revenue streams. With over 120 stores nationwide, American Signature provides a significant customer base for Progressive's lease-to-own solutions.
For American Signature, this partnership could boost sales by offering more flexible payment options to customers who might not qualify for traditional financing. The omnichannel approach, covering both in-store and online purchases, aligns with current retail trends and could enhance customer experience. However, investors should monitor how this affects American Signature's revenue recognition and potential risks associated with lease-to-own models.
While specific financial figures aren't provided, this deal could potentially increase transaction volumes for both companies. The impact on PROG Holdings' (NYSE: PRG) stock may be positive if this partnership significantly contributes to revenue growth in future quarters.
This partnership reflects broader trends in the retail and fintech sectors. The rise of alternative payment methods, including lease-to-own options, is reshaping the consumer finance landscape. This trend is particularly relevant in the furniture industry, where high-ticket items often require financing solutions.
American Signature's choice of Progressive Leasing as an exclusive partner suggests a consolidation in the lease-to-own market, with larger players gaining more prominence. This could potentially squeeze out smaller competitors and reshape the competitive landscape.
The emphasis on an omnichannel approach aligns with evolving consumer expectations for seamless shopping experiences across physical and digital platforms. This integration of financing options into both in-store and online checkout processes could serve as a differentiator in the competitive furniture retail market.
Progressive Leasing chosen to provide omnichannel lease-to-own experience for American Signature Furniture and Value City Furniture
“We chose to partner with Progressive Leasing because of their industry-leading customer and partner support, in addition to helping us serve more customers across our American Signature and Value City Furniture stores,” said Eric Jackson, CFO of American Signature Inc. “As the leader in the virtual lease-to-own space, Progressive Leasing provides transparent and flexible lease purchase options—empowering our customers to obtain the well-furnished life we believe everyone deserves.”
Beginning in the fourth quarter of this year, American Signature customers will be able to take advantage of Progressive Leasing’s flexible lease-to-own payment options, both in-store and via the online checkout process.
“Consumers increasingly expect not only a variety of payment choices, but a seamless payment experience,” said PROG Holdings President and Chief Executive Officer, Steve Michaels. "We’re excited to partner with American Signature to upgrade their lease-to-own program to help support their business goals while simultaneously providing their customers with exceptional service.”
American Signature, Inc. customers will also benefit from Progressive Leasing’s award-winning customer service. The company was recently honored as a Silver Stevie® Award Winner for its focus on high customer satisfaction, customer service excellence, and superior employee engagement.
About American Signature Inc.
Founded in 1948, American Signature, Inc., is a family-owned and operated furniture retailer based in
About Progressive Leasing
Progressive Leasing is a leading provider of in-store, e-commerce, and app-based point-of-sale lease-to-own solutions that provide transparent and competitive payment options and flexible terms intended to help credit-challenged customers achieve merchandise ownership. The company has helped millions of consumers acquire furniture, appliances, jewelry, electronics, mattresses, cell phones, and other products consumers need by utilizing a technology-based proprietary platform that provides instant decisioning results. Progressive Leasing is owned by PROG Holdings, Inc. (NYSE: PRG), a fintech holding company based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240812835656/en/
Andrew Watson
media@progleasing.com
Source: PROG Holdings, Inc.
FAQ
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