Synchrony's CareCredit Ensures The Good
Feet Store Has the Support It Needs to Drive Sales and Provide
Financing Options to Customers
STAMFORD, Conn., Jan. 10,
2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a
premier consumer financial services company, today announced a
multi-year partnership renewal with The Good Feet Store, a
market-leading manufacturer and retailer of premium, personally
fitted arch supports. Under the expanded agreement, Synchrony's
CareCredit health and wellness credit card will be offered as an
in-store payment option at most of The Good Feet Store's more than
250 brick-and-mortar locations, enabling customers to finance arch
support products for improved alignment and less pain.
The Good Feet Store first partnered with Synchrony in 2009 to
drive business growth and offer new ways for its customers to
finance arch support products. Since that time, the
partnership has grown and in 2023 alone, the partnership with
The Good Feet Store contributed to a 10% increase in its average
transaction total, and a 35% increase in its total number of
transactions. Additionally, 30% of The Good Feet Store's sales were
from existing CareCredit cardholders.
"CareCredit's 35-plus years of retail finance and wellness
experience is a great fit for The Good Feet Store and its
customers," said Erin Gadhavi, SVP
& GM, Wellness, Synchrony. "The CareCredit network includes a
wide range of health and wellness providers and retailers, enabling
customers to use our financial solutions for their health and
wellness purchases as they seek to achieve and maintain a healthy,
active lifestyle. This includes things like dental care, sleep
products and the personalized arch support system at The Good Feet
Stores."
Consumers looking for a flexible way to pay for
their personalized arch support system can apply at The Good
Feet Store locations or on any smart device, starting with a check
to see if they prequalify for the CareCredit credit card in real
time, with no impact to their credit score. A credit decision is
given in minutes and if approved, customers can use their account
to purchase the products they want or need right away. Existing
CareCredit cardholders can also use their cards for purchases at
The Good Feet Store locations.
"At The Good Feet Store, we're passionate about helping people
move towards the life they love, two feet at a time, free from the
limitations of pain or discomfort," stated Doug Zarkin, Chief Brand
Officer of Good Feet Holdings, LLC. "We recognize that foot,
knee, hip, and back pain affects individuals across all walks of
life. It's incredibly rewarding to collaborate with Synchrony, as
this partnership allows us to extend more flexible financing
options to our customers, helping them access the pain relief they
need to enjoy a better quality of life."
"Every day, we aspire to improve the quality of more people's
lives with our highly effective solutions," added Joe Herlihy, Chief Operating Officer & Chief
Legal Officer. "Consumer financing through Synchrony, a trusted and
long-standing partner, is critical for our brand and business,
because it enables more customers to access our solutions through
flexible financing options. We are pleased to have renewed our
partnership with Synchrony to offer CareCredit, because it means
that more people will be able to find relief for foot, knee, hip,
and back pain at The Good Feet Store."
To learn more about CareCredit, please visit:
www.carecredit.com. For more information on The Good Feet Store and
Good Feet Arch Supports, visit www.goodfeet.com.
About Synchrony
Synchrony (NYSE: SYF) is a premier
consumer financial services company delivering one of the
industry's most complete digitally enabled product suites. Our
experience, expertise, and scale encompass a broad spectrum of
industries, including digital, health and wellness, retail,
telecommunications, home, auto, outdoor, pet, and more. We have an
established and diverse group of national and regional retailers,
local merchants, manufacturers, buying groups, industry
associations, and healthcare service providers, which we refer to
as our "partners." We connect our partners and consumers through
our dynamic financial ecosystem and provide them with a diverse set
of financing solutions and innovative digital capabilities to
address their specific needs and deliver seamless, omnichannel
experiences. We offer the right financing products to customers in
their channel of choice. For more information, visit
www.synchrony.com and Twitter: @Synchrony.
About The Good Feet Store
Founded in 1992, The
Good Feet Store is the market-leading manufacturer and retailer of
premium, personally fitted arch supports, with 250 retail locations
in the U.S. and abroad. Engineered for comfort and pain relief in
more than 400 styles and sizes, Good Feet Arch Supports are
personally fitted to the precise needs and preferences of its
customers and are backed by a Manufacturer's Lifetime Limited
Warranty. The Good Feet Store operates with an end-to-end approach
to maximize performance and ensure consistent quality standards.
Good Feet Arch Supports are manufactured in a state-of-the-art
facility in Carlsbad, California,
and supplied exclusively to its retail locations. Each Good Feet
Store location is staffed with well-trained Good Feet Arch Support
Specialists who provide customers with a no-obligation, free,
personalized fitting. To learn more about The Good Feet Store and
Good Feet Arch Supports, and to see Good Feet Store reviews from
actual customers, visit www.goodfeet.com.
Contacts:
Michelle Blaya Romero
Synchrony
Michelle.Romero@syf.com
Maddie Darling
The Good Feet Store
mdarling@allpointspr.com
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SOURCE Synchrony