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IJO & GE partner for new consumer credit program

Dec '05
GE's Retail Sales Finance unit & Independent Jewelers Organization (IJO) are collaborating on a new consumer credit program that began launching nationwide in November 2005.

The Master IJO Jeweler "Jewelry Express" program will be available through more than 850 IJO retailers, and provides on-the-spot applications, credit decisions within minutes, special promotions and competitive interest rates.

"Credit availability is often a vital part of the sales process in jewelry retail," said Jeffrey Roberts, President and CEO of the IJO, which is headquartered in Norwalk, Conn. "GE is well known for innovative marketing and promotions and responsive customer and retailer service, so they were the natural choice when we looked for a new consumer credit partner."

The IJO is the world's largest jewelry buying group and service organization for retail jeweler members. Founded in 1971, the organization is comprised of more than 175 of the world's top suppliers and about 850 jewelry retailers in the U.S., Canada, the U.S. Virgin Islands, England and Australia.

Retail members are able to buy from supplier members at a group discount, enabling them to pass the savings on to their customers. IJO holds two buying/seminar conferences annually for its members.

"The IJO is very effective at helping its member retailers be more successful and more profitable, and this new credit program is another example of that support," said Dick Welp, Jewelry Financing Sales Leader for GE Consumer Finance, Retail Sales Finance.

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