SYNCHRONY FINANCIAL - SYF STOCK NEWS

Incisiv's 2nd Annual Gift Card Program Index reveals a 25% surge in digital gift card sales, yet less than 10% of retailers have the technology to meet consumer demands. The report highlights 18 out of 75 surveyed retailers as leaders in digital maturity for gift card programs. Key findings indicate that 67% of consumers prefer instant gifting, and 80% seek personalized options. Retailers are urged to enhance digital capabilities to capture this growing market, especially as corporate gifting shows strong potential.

Synchrony (NYSE: SYF) plans to report its second quarter 2022 financial results on July 18, 2022. The earnings release will be available at approximately 6:00 a.m. Eastern Time, followed by a conference call at 8:00 a.m. Eastern Time to discuss the results. Investors can access the live audio webcast through the Investor Relations section of Synchrony's website.

With a focus on providing a comprehensive suite of digitally-enabled financial services, Synchrony serves various industries including retail, health, and telecommunications.

Synchrony (NYSE: SYF) CFO Brian J. Wenzel will join the Morgan Stanley US Financials, Payments & CRE Conference on June 13, 2022, at 8:45 a.m. ET. A live webcast will be accessible on the Synchrony Investor Relations website. Synchrony is a leading consumer financial services provider, offering a wide array of digital financing solutions across various industries. They emphasize connecting partners and consumers to deliver tailored financing options.

Synchrony (NYSE: SYF) and Sweetwater, a leading e-commerce provider of music instruments, announced an extension of their partnership to enhance Sweetwater's financing program. This collaboration focuses on utilizing Synchrony’s Direct to Device and PreQualification technologies to improve customer experience, allowing simplified credit applications and personalized offerings. The partnership aims to drive growth through data sharing and digital transformation in payment solutions, enhancing customer relationships and potentially increasing credit line acquisitions and repeat sales.

The Marshall Plan for Moms launched a report highlighting the significance of expanded child care benefits for employee recruitment and retention, especially for women. Key findings reveal that 69% of mothers would prefer employers offering child care support, while 83% consider it critical for job retention. The report also identifies alarming statistics: 80% of families find child care unaffordable and only 13% of toddlers access high-quality care. In response, the Coalition aims to develop equitable child care solutions, with participants including Archewell and Synchrony, focusing on improving workplace environments for working parents.

Made In Cookware, renowned for professional-quality cookware, has partnered with GiftNow, a solution by Synchrony (NYSE: SYF), to enhance gifting experiences in time for key occasions like Mother's Day. This collaboration allows customers to send personalized digital gifts, offering over 150 products to choose from. The partnership aims to streamline gifting while maintaining customer satisfaction. Made In Cookware has received over 60,000 five-star reviews, illustrating its popularity among home chefs. The initiative promises to strengthen e-commerce and customer engagement.

Pets Best Insurance Services, a leading U.S. pet insurance provider and a Synchrony solution, has reached a milestone of insuring its 500,000th pet. This achievement emphasizes its commitment to providing comprehensive and affordable animal healthcare across the nation. The company has seen growth driven by digital features, including a mobile app for easy account management and claims submission, which align with changing customer preferences. With the pet insurance industry surpassing $1.9 billion in premiums, Pets Best continues to leverage partnerships and technology to enhance customer experiences and expand market reach.

Synchrony has inaugurated the Synchrony Skills Academy in Stamford, CT, aimed at providing digital skills training and job placement support for underserved communities. The academy, featuring collaboration with the Governor's Workforce Council and local organizations, is a step toward enhancing inclusivity in tech employment. The event was attended by notable figures including Governor Ned Lamont and Margaret Keane, Synchrony's Executive Chair. This initiative emphasizes Synchrony's commitment to building a more inclusive job market.