Synchrony Financial and PANDORA Jewelry announced a multi-year extension of its consumer financing program agreement. The program, which began in 2011, will continue to provide PANDORA consumers with access to a range of convenient payment options through the PANDORA Preferred card program. Special financing will be available1 at select PANDORA concept stores nationwide for purchases made from a full line of PANDORA jewelry products and collections, including bracelets, charms, necklaces, rings and earrings.
“We’re pleased to continue offering payment options to consumers who want to celebrate the individuality of women through PANDORA jewelry purchases,” said Glenn Marino, executive vice president and CEO, Payment Solutions, Synchrony Financial. “The availability of financing is an important factor in these decisions.”
Synchrony Financial’s 2015 Major Purchase Consumer Study2 found that 69 percent of Synchrony fine jewelry cardholders surveyed said they “always” seek promotional financing when making a major purchase ($500+). Eighty-one percent of fine jewelry cardholders surveyed said they feel promotional financing makes their large purchases more affordable.
“Synchrony Financial understands that offering flexible payment options is important to a satisfying shopping experience for our consumers,” said John DePasquale, Vice President, Sales, PANDORA Jewelry, U.S. “We look forward to working with Synchrony to continue growing our business and providing our consumers with greater buying power for jewelry purchases that honors women just the way they are – unique.”
1Subject to credit approval.
2Synchrony Financial’s Fourth Annual Major Purchase Consumer Study, conducted by a third-party, reflects the experience of shoppers surveyed making or planning to make a purchase valued at $500+.
PANDORA designs, manufactures and markets hand-finished and contemporary jewelry made from high-quality materials at affordable prices. PANDORA jewelry is sold in more than 100 countries on six continents through approximately 9,000 points of sale, including more than 1,800 concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 16,700 people worldwide of whom approximately 11,000 are located in Gemopolis, Thailand, where the company manufactures its jewelry.